Bank Muscat SAOG (BKMB)

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% …

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, …

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 …

Mubasher: Bank Muscat said its profits declined 14.2% year-on-year in the second quarter of 2017, according to a statement. Profits reached OMR 40.08 million ($103.72 million) in Q2-17, compared to OMR 46.72 million ($120.91 million) in Q2-16. In …

Mubasher: Meethaq Islamic Banking, a subsidiary of Bank Muscat, announced signing an agreement with SAFE Alloys LLC to establish a low carbon ferro chrome production plant at Sohar Free Zone. The plant, which will be the first of its kind in the …

Mubasher: Meethaq Islamic Banking Company, a subsidiary of Bank Muscat, has obtained the approval of the Omani Capital Market Authority (CMA) to raise the volume of its Sukuk issuance to OMR 44.61 million. According to the bank’s statement to the …

By: Salama AbdelRahman Mubasher: Financial data for banks listed on the Muscat Securities Market (MSM) showed a 3.76% year-on-year growth in profits for the first quarter of 2017. The combined profits of eight banks stood at OMR 87.28 million …

Mubasher: Bank Muscat on Thursday reported a 1.1% rise in profits for the first quarter of 2017 compared to Q1-16. Profits amounted to OMR 44.23 million ($114.48 million) in Q1-17, compared to OMR 43.75 million ($113.24 million) in the same period …

Mubasher: Mandatory convertible bonds are scheduled to be converted into shares at a value of OMR 31.964 million starting Sunday, Bank Muscat said in a bourse statement. Bonds, issued in 2014, will be converted at a price of 362 baisas per bond, …

Mubasher: Bank Muscat said its shareholders approved 25% cash dividends, or 25 baisas per share, for fiscal year 2016, according to a bourse statement. The shareholders gave the go-ahead to 5% bonus shares on a 5-for-100 basis. As a result, the …

Mubasher: Bank Muscat said its shareholders will discuss on Sunday, 19 March, a OMR 62.41 million dividend payout for fiscal year 2016, according to a bourse statement. The board proposed 25% cash dividends or OMR 0.025 for FY16, amounting to OMR …

Mubasher: Bank Muscat, Bank Dhofar and National Bank of Oman are experiencing dual profitability pressures, increasing competition for financial products, according to a statement. However, Moody's considers that Bank Muscat as the best positioned …

Mubasher: Bank Muscat reported a 1.1% growth year-on-year in its profits during the fourth quarter of 2016, according to a bourse filing. Profits reached OMR 39.65 million ($457.04 million) in Q4-16, compared to OMR 39.22 million ($101.53 million) …

By: Islam Fadl Mubasher: The financial statements of the banks listed on the Muscat Securities Market (MSM) showed a 12.1% fall in their profits for the third quarter of fiscal 2016. Total profits of the eight listed banks reached OMR 88.8 million …

Mubasher: Bank Muscat reported on Wednesday a net profit of OMR 46.44 million ($120.21 million for the third quarter of the fiscal year 2016, 0.07% up from OMR 46.41 million ($120.13 million) for Q3-15. In the first nine months of the year, net …

Dubai – Mubasher: Dubai Financial Group is working with Citigroup Inc. to sell its stake in Bank Muscat after reaching an agreement with creditors, Bloomberg reported on Wednesday citing statements by sources familiar with the matter. Dubai …

Mubasher: Bank Muscat reported a 0.3% rise in its second-quarter profits, according to a bourse statement. Profits amounted to OMR 46.67 million ($120.81 million) in Q1-16, compared to OMR 46.52 million ($120.42 million) in the prior-year period. …

Dubai Holding plans to exit SHUAA, EFG Hermes, Bank Muscat By: Amr Adel Dubai – Mubasher: Dubai Holding’s CEO, Fadel Al Ali, said on Tuesday that the company plans to sell its stakes in SHUAA Capital, EFG Hermes and Bank Muscat during 2016 as part …

Mubasher: Muscat Bank plans to attract U.S. dollar funds through its Euro Medium Term Note (EMTN) programme which is listed on the Ireland stock exchange. According to a bourse filing, the bank will appoint a number of leading banks to arrange a …

Mubasher: Bank Muscat’s profits rose in the first quarter of 2016 by 1.1% year-on-year, according to the bank’s financial statements released on Thursday. Net profit came to OMR 43.8 million ($114.09 million) in Q1-16, versus OMR 43.3 million …

Mubasher: The Central Bank of Oman (CBO) approved on Monday a request by Muscat Bank to open a representative office in Iran’s capital, Tehran. The approval came in the first meeting of the bank’s  board of governors in 2016.

Mubasher: Bank Muscat said that compulsorily convertible bonds (CCBs) issued in 2013 will be converted into common equity shares on 20 March, as per the terms of the prospectus, according to a bourse filing. The value of the CCBs being converted …

Mubasher: Bank Muscat’s ordinary general meeting approved on Wednesday the distribution of dividends at 30% of capital, said the bank in a statement. Shareholders agreed on paying 25% cash dividends at 25 baisa per share as well as distributing 5% …

Mubasher: Moody's downgraded today the long-term deposit ratings of five Omani banks as well as placing all banks' ratings under review for downgrade. The rating agency lowered Bank Muscat rating to A3 from A1, Oman Arab Bank to Baa1 from A2, …

Mubasher: Bank Muscat plans to establish a representative office in Iran, according to a bourse filing on Thursday. The bank will ensure full compliance with all local and international regulatory requirements.