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14 January 06:33 PM

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16 September 2025 11:17 AM Sohar International backs Oman-GCC energy project via $500m financing
Mubasher: Sohar International has signed a $500 million financing agreement with the Gulf Cooperation Council Interconnection Authority (GCCIA) to support the Oman-GCC electrical interconnection project. The venture is a major infrastructure …
Global Economy
Photo Archive
27 January 2025 00:19 PM Bank Muscat, Knight Frank MENA lead sale of 5-star hotel in Dubai
Mubasher: Knight Frank MENA concluded the sale of Mövenpick, Jumeirah Beach Residences Dubai, on behalf of Bank Muscat, according to a press release. Bank Muscat managed the investment assets for several large regional shareholders, including …
Mergers and Acquisitions
The group's income from operations declined to OMR 939,000
8 November 2020 01:27 PM Oman & Emirates Investment's losses deepen in 9M
Mubasher: Oman & Emirates Investment Holding Company (OEIHC) has logged net losses attributable to the owners of the parent of OMR 1.78 million ($4.62 million) during the first nine months of 2020, compared to OMR 319,212 ($825.91 million) in the …
Financial Results
The loss per share settled at OMR 0.018
9 August 2020 05:04 PM Oman & Emirates Investment Holding logs OMR 2m in H1-20
Mubasher: Oman & Emirates Investment Holding Company (OEIHC) has incurred OMR 2.166 million net losses attributable to the owners of the parent during the first six months of 2020, against net profits of OMR 374,132 in the same period of 2019. The …
Financial Results
The company's total income reached OMR 2.089 million
30 April 2020 01:48 PM Oman & Emirates Investment Holding incurs OMR 2m losses in Q1-20
Mubasher: Oman & Emirates Investment Holding Company (OEIHC) has logged net losses attributable to the owners of the parent company of OMR 2.22 million ($5.76 million) during the first quarter of 2020, against net profits of OMR 1.09 million in …
Financial Results
OEIHC losses amounted to OMR 971,000
15 January 2020 10:37 AM Oman & Emirates Investment reports OMR 1.4m losses in 2019
Abu Dhabi – Mubasher: Oman & Emirates Investment Holding Company (OEIHC) incurred a net loss of OMR 971,000 during the fiscal year (FY) ended 31 December 2019, compared with a net loss of OMR 68,000 in 2018. The parent company’s annual losses …
Financial Results
The exit is expected to take place by the end of Q1-2020
16 December 2019 00:07 PM National Bank of Oman exits Egypt
Mubasher: The National Bank of Oman (NBO), listed on the Muscat Securities Market (MSM), decided to exit from the Egypt market and shut down all its operations there.  The Omani bank has already obtained regulatory approvals to close its last …
Banking and Finance
Blockchain enables completion of the transaction in a single day
20 November 2019 03:52 PM Oman Oil & Orpic Group, HSBC execute 1st blockchain transaction in Oman
Mubasher: Oman Oil & Orpic Group and HSBC Bank Oman have successfully executed the first blockchain trade finance transaction in Oman. The transaction included the shipment of polypropylene and a thermoplastic polymer to Abu Dhabi National Carpet …
Companies Investments
Photo Archive
20 November 2019 03:37 PM SABB, HSBC introduce blockchain to KSA, Bahrain
Riyadh – Mubasher: Saudi British Bank (SABB) and HSBC Bahrain have used blockchain technology to finance international trade, for the first time in Saudi Arabia and Bahrain. “The move puts Saudi Arabia and Bahrain at the forefront of global trade, …
Market News
Net equity dropped 1.57% in 9M
5 November 2019 10:42 AM Oman & Emirates Investment posts OMR 319,212 loss in 9M
Abu Dhabi – Mubasher: Oman & Emirates Investment Holding Co (OEIHC) has suffered a loss worth OMR 319,212 during the period from January to September 2019, against a profit of OMR 1.504 million in the same period in 2018.    The net equity of the …
Company News
The appointment will be effective on Thursday
31 October 2019 01:16 PM Oman & Emirates Investment names new CFO
Abu Dhabi – Mubasher: Oman & Emirates Investment Holding Co (OEIHC) has appointed Kannan Kumaraswamy as the new Chief Financial Officer (CFO) after the existing CFO, A. V. Manohar, has retired earlier on Thursday, 31 October 2019.     The …
Company News
FINCORP agreed to assess the deal
30 October 2019 02:30 PM Oman & Emirates Investment proposes merger with FINCORP
Abu Dhabi – Mubasher: Oman & Emirates Investment Holding Co (OEIHC), listed on the Muscat Securities Market and the Abu Dhabi Securities Exchange (ADX), has sent a merger proposal to the board of the Financial Corporation (FINCORP). OEIHC has …
Mergers and Acquisitions
The suspension coincides with a board meeting
22 October 2019 02:03 PM ADX to temporarily suspend trading in Oman & Emirates’ shares
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) decided to temporarily suspend trading in the shares of Oman & Emirates Investment Holding Co. from 12 pm UAE time on 31 October 2019. The suspension coincides with a board meeting …
Trading Activities
OEIHChas incurred a net loss of OMR 290,221 in Q3-19
15 October 2019 04:40 PM Oman & Emirates Investment posts Q3 preliminary financial results
Mubasher: Oman & Emirates Investment Holding Co (OEIHC), listed on the Muscat Securities Market and the Abu Dhabi Securities Exchange (ADX), has reported its preliminary financial results for the third quarter of 2019. The company has incurred a …
Financial Results
The board of directors has accepted the resignation effective from 19 August
19 August 2019 10:58 AM Oman & Emirates Investment’s CEO resigns
Abu Dhabi – Mubasher: Oman & Emirates Investment Holding Co (OEIHC), listed on the Abu Dhabi Securities Exchange (ADX) and the Muscat Securities Market (MSM), on Monday announced the resignation of its CEO Awad Mohammaed Faraj Bamkhalef. The …
Banking and Finance
Operating revenues also increased by 16.3% in Q1
14 May 2019 01:42 PM Al Ahleia Insurance records 9% rise in Q1 profits
Mubasher: Al Ahleia Insurance achieved an increase of 9.2% in profits from January to March compared to the same period last year. Profits grew to KWD 3.1 million ($10.22 million) in Q1-19 from KWD 2.84 million ($9.36 million) in Q1-18. Operating …
Financial Results
Total assets amounted to OMR 63.4 million in the first months of 2019
8 May 2019 01:36 PM OEIHC posts OMR 1.5m profit in Q1
Mubasher: Oman and Emirates Investment Holding (OEIHC), listed on Muscat Securities Market and the Abu Dhabi Securities Exchange (ADX), reported a net profit after tax of OMR 1.558 million for the first quarter of 2019, versus OMR 1.489 million in …
Financial Results
OEIHC currently holds a 92.44% stake in Majan Capital Fund
7 May 2019 01:37 PM OEIHC’s unit completes merger with FINCORP Al Amal Fund
Mubasher: The merger of Majan Capital Fund, a subsidiary of Oman & Emirates Investment Holding Co (OEIHC), with FINCORP Al Amal Fund, affiliated to the leading investment banking company FINCORP, has been completed. Following the merger, OEIHC’s …
Mergers and Acquisitions
The shareholders also agreed on the recommendation of distributing cash dividends at 35 Baiza a share,
26 March 2019 03:55 PM Bank Muscat OKs renewing EMTN programme, dividends distribution
Mubasher: Bank Muscat’s shareholders approved the board of directors’ recommendation to renew an Euro Medium Term Note (EMTN) programme. The shareholders also agreed on the recommendation of distributing cash dividends at 35 Baiza a share, or 35% …
Board of Directors
This actions followed the recent downgrade of Oman's sovereign rating
23 February 2019 05:51 PM CI downgrades sovereign rating of 3 Omani banks
Mubasher: Capital Intelligence (CI) rating agency has downgraded the sovereign rating of three Omani banks. CI lowered its ratings for the Long-Term Foreign Currency Rating of the three Oman-listed banks National Bank of Oman (NBO), Bank Muscat, …
Banking and Finance
FINCORP Al Amal, Majan Capital seek merger
24 January 2019 00:43 PM FINCORP Al Amal, Majan Capital seek merger
Mubasher: The Financial Corporation (FINCORP) on Thursday said that its 38.69% subsidiary FINCORP Al Amal Fund approved Majan Capital Fund’s request for a potential merger. The firms are awaiting approvals from their respective shareholders and …
Mergers and Acquisitions
Earnings per share (EPS) stood at QAR 3.16 by the end of 2018
17 January 2019 10:58 AM Ahli Bank profit grows 4% in 2018; board OKs 10% dividend
Mubasher: Ahli Bank on Thursday reported a 5.1% year-on-year rise in its profits during the fourth quarter of 2018, registering QAR 127.75 million ($35.26 million) from QAR 121.51 million ($33.53 million). For the full year 2018, the Qatari …
Banking and Finance
Net profits of 8 banks amounted to OMR 96.59 million in Q3-18
16 October 2018 06:16 PM Profit of Omani banks hikes 12% in Q3
By: Salama Abdel Rahman Mubasher: Profits of banks operating in Oman and listed on the Muscat Securities Market (MSM) witnessed an 11.55% year-on-year increase for the third quarter of 2018. Net profits of eight lenders amounted to OMR 96.59 …
Financial Results
The new office aims at enhancing bilateral relations between Qatar and Oman
15 October 2018 01:43 PM QIC’s subsidiary opens new corporate office in Muscat
Mubasher: Qatar Insurance Group (QIC) announced that its subsidiary Oman Qatar Insurance Company (OQIC) has opened its new corporate office in Muscat. The new office aims at enhancing bilateral relations between Qatar and Oman, according to QIC’s …
Corporate Actions
More ADX-listed firms confirm no Abraaj ties
9 July 2018 06:45 PM More ADX-listed firms confirm no Abraaj ties
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) and Waha Capital were among a host of companies that disclosed no ties to The Abraaj Group, its funds or its subsidiaries, on Monday. Other companies listed on the Abu Dhabi Securities Exchange …
Law