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07 March 09:28 AM

Bank Muscat SAOG (BKMB)

Last update: 5 March 02:10 PM market time.
0.42
0.10
29.88%
Open 0.43
Previous Close 0.33
High 0.43
Low 0.42
Stock Statistics
Volume 20,365,859
Turnover 8,609,741.53
All data are 15 minutes late during market session

News

Photo Archive
27 January 2025 11:19 AM 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 …
Companies Investments
The shareholders also agreed on the recommendation of distributing cash dividends at 35 Baiza a share,
26 March 2019 02:55 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% …
Management Decisions
This actions followed the recent downgrade of Oman's sovereign rating
23 February 2019 04:51 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, …
Ratings
Net profits of 8 banks amounted to OMR 96.59 million in Q3-18
16 October 2018 05:16 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
Bank Muscat's operational profits declined 6% to OMR 117.24 million in H1-17
13 July 2017 09:09 AM Bank Muscat profits fall 14% in Q2
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 …
Financial Results
The first phase will create around 100 jobs
19 June 2017 04:06 PM Meethaq inks $14m financing deal
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 …
Companies Investments
The company will issue OMR 44.61 million Sukuk
13 June 2017 05:33 PM CMA approves Meethaq sukuk issuance hike
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 …
Sukuk and Islamic Finance
(Photo Credit: Arabianeye-Reuters)
3 May 2017 05:51 PM Omani banks’ profits rise 4% in Q1 – Report
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 …
Financial Results
(Photo Credit: Company website)
13 April 2017 08:57 AM Bank Muscat profits up 1% in Q1
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 …
Financial Results
Bonds will be converted at a price of 362 baisas per bond - (Photo Credit: Company website)
20 March 2017 04:38 PM Bank Muscat to convert bonds to shares at OMR 32m
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, …
Banking and Finance
The bank’s capital amounts to OMR 249.63 million (Photo Credit: Arabianeye-Reuters)
20 March 2017 10:13 AM Bank Muscat nods to annual dividends
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 …
General Assembly
Bank Muscat's headquarter (Photo Credit: Company Website)
1 March 2017 10:43 AM Bank Muscat to consider dividends 19 March
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 …
Event
Moody's expects a continued rapid expects Islamic banking to reach 12%-15% of Omani banking assets by 2020 (Photo Credit: Arabianeye-Reuters)
30 January 2017 00:38 PM Moody’s says 3 Omani banks face profitability pressures
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 …
Ratings
Bank Muscat's operating expenses increased 1.8% to OMR 174.08 million in 2016 (Photo Credit: Bank Website)
15 January 2017 10:48 AM Bank Muscat profits up in Q4
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) …
Financial Results
(Photo credit: Arabianeye - Reuters)
2 November 2016 01:46 PM Q3 profits of MSM-listed banks decline 12%
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 …
Financial Results
Operating expenses for the nine-month period reached OMR 129.02 million (Photo credit: Bank's website)
12 October 2016 02:51 PM Bank Muscat posts higher Q3 profits
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 …
Financial Results
Photo credit: Bank Muscat
7 September 2016 03:08 PM Dubai Financial Group plans to sell stake in Bank Muscat
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 …
Corporate Actions
Bank Muscat's headquarter (Photo Credit: Arabianeye-Reuters)
13 July 2016 08:47 AM Bank Muscat posts higher profits in Q2
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. …
Financial Results
Dubai Holding is currently proceeding toward selling its 48% stake in Shuaa Capital (Photo credit: Company website)
24 May 2016 01:17 PM Dubai Holding plans to exit SHUAA, EFG Hermes, Bank Muscat
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 …
Companies Investments
Muscat Bank's headquarters (Photo credit: Bank website)
19 April 2016 09:14 AM Muscat Bank to raise U.S. dollar funds through EMTN programme
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 …
Bonds
Muscat Bank (Photo credit: Bank website)
14 April 2016 10:25 AM Bank Muscat’s Q1 profits up 1.1%
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 …
Financial Results
Photo Credit: Arabianeye - Reuters
28 March 2016 02:20 AM Muscat Bank to open representative office in Tehran
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.
International Agreements
Photo Archive
21 March 2016 09:22 AM Bank Muscat to convert bonds into shares
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 …
Bonds
Photo Credit: Arabianeye-Reuters
17 March 2016 09:20 AM Bank Muscat approves cash dividends, bonus shares
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% …
General Assembly
Photo Credit Arabianeye - Reuters
3 March 2016 03:39 PM Moody's downgrades five Omani banks rating
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, …
Stock Evaluations