National Bank of Oman SAOG (NBO) News - Mubasher Info
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31 May 06:18 AM

National Bank of Oman SAOG (NBOB)

Last update: 25 May 01:58 PM market time.
0.45
0.10
29.31%
Open 0.44
Previous Close 0.35
High 0.45
Low 0.44
Stock Statistics
Volume 628,357
Turnover 281,560.65
All data are 15 minutes late during market session

News

The exit is expected to take place by the end of Q1-2020
16 December 2019 11:07 AM 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
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 …
Trading Activities
The bank’s profits amounted to OMR 12.3 million ($31.83 million) in Q2-17, compared to OMR 15.5 million ($40.11 million) in Q2-16
14 July 2017 05:38 PM NBO profits retreat 21% in Q2
Mubasher: The unaudited financial statements of the National Bank of Oman (NBO) showed a 20.7% decline in profits for the second quarter of 2017, compared to the year-ago period. The bank’s profits amounted to OMR 12.3 million ($31.83 million) in …
Financial Results
(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: Arabianeye-Reuters)
13 April 2017 04:41 PM NBO profits edge down 0.7% in Q1
Mubasher: The National Bank of Oman (NBO) on Thursday reported a slight decline in its profits by 0.7% for the first quarter of 2017, compared to the same period of 2016. Net profits reached OMR 13.8 million ($35.72 million) in Q1-17, compared to …
Financial Results
(Photo Credit: Arabianeye-Reuters)
29 March 2017 09:49 AM National Bank of Oman to re-elect board
Mubasher: A shareholder of the National Bank of Oman delivered a grievance regarding the vote-counting method of board member elections during the ordinary general meeting (OGM). The Capital Market Authority (CMA) called on the bank to hold the …
Board of Directors
(Photo credit: Arabianeye-Reuters)
27 March 2017 02:31 PM NBO’s OGM nods to dividends, bonus shares
Mubasher: The annual ordinary general meeting (OGM) of the National Bank of Oman (NBO) approved distributing cash dividends and bonus shares to shareholders for 2016, according to the bank’s statement. The proposed cash dividends represent 15.92% …
Management Decisions
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
(Photo credit: Arabianeye - Reuters)
25 January 2017 03:18 PM NBO shareholders to discuss annual dividends 26 March
Mubasher: The National Bank of Oman’s (NBO) board of directors recommended paying cash dividends of OMR 0.016 per share (15.2% of the capital) for the fiscal year 2016, totalling OMR 23.5 million. The board also proposed distributing 1-for-20 …
Event
(Photo credit :Arabianeye - Reuters)
12 January 2017 01:16 PM NBO profits down 20% in Q4
Mubasher: National Bank of Oman (NBO) earned OMR 13.7 million ($35.5 million) in the fourth quarter of 2016, lower 19.9% year-on-year from OMR 17.1 million ($44.8 million), a bourse statement revealed on Thursday. On an annual basis, net profit …
Financial Results
(Photo credit: Arabianeye - Reuters)
29 December 2016 09:38 AM NBO receives acquisition offer from Treasure Fleet
Mubasher: The National Bank of Oman (NBO) announced on Thursday that it has received a letter from Treasure Fleet International Pte. Ltd., proposing the possibility of acquiring a stake in the bank. The bank said that its board of directors will …
Mergers and Acquisitions
(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
Net profit for the first nine months of 2015 fell 2.1% to OMR 42.1 million (Photo credit :Arabianeye - Reuters)
13 October 2016 01:59 PM NBO profits for Q3 fall 15%
Mubasher: National Bank of Oman posted on Thursday a net profit of OMR 12.7 million ($32.87 million) for the third quarter of fiscal 2016, 14.8% down from OMR 14.9 million ($38.57 million) for Q3-15. Net profit for the first nine months of 2015 …
Financial Results
Operating profit also grew in H1-16 by 8.6% to OMR 39 million (Photo credit: Arabianeye - Reuters)
14 July 2016 00:48 PM NBO’s quarterly profit stands at OMR 15.5m
Mubasher: National Bank of Oman (NBO) posted on Thursday a net profit of OMR 15.5 million ($40.12 million) for the second quarter of the fiscal year 2016, almost the same profit of the same period of 2015. Meanwhile, net profit rose in the first …
Financial Results
The National Bank of Oman (Photo credit: Bank website)
4 April 2016 06:37 PM NBO’s shareholders approve cash dividends, bonus shares
Mubasher: The National Bank of Oman’s (NBO) shareholders agreed Monday on distributing cash dividends at 17% of the share’s par value (17 Baisas per share) and 1-for-10 bonus shares (10% of the capital) for the fiscal year 2015, according to a …
Cash Dividends
Photo Archive
10 March 2016 09:56 AM Oman’s NBO OGM to discuss dividends 27 March
Mubasher: National Bank of Oman’s ordinary general meeting will convene on 27 March to discuss board of directors’ proposal of distributing cash dividends for 2015 by 17% or 17 baisa per share. OGM will also discuss distributing bonus shares for …
Event
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
Photo Archive
27 January 2016 05:07 PM Omantel prices $130m dual-currency sukuk issue
Mubasher: Oman Telecommunications Co (Omantel) has priced a $130 million five-year dual-currency sukuk issue; a document from lead arrangers showed according to Reuters. Omantel received commitments worth $82.16 million in the dollar tranche and …
Banking and Finance
Photo Archive
26 January 2016 01:10 PM NBK Capital recommends 'Hold' on Oman's NBO
Mubasher: NBK Capital, the investment arm of National Bank of Kuwait (NBK), placed a 'Hold' recommendation on the National Bank of Oman (NBO), setting the fair value at OMR 0.32. The recommendation came after the bank proposed 17% cash dividends …
Stock Evaluations
Photo Archive
26 January 2016 10:11 AM Oman’s NBO board proposes 17% cash dividend
Mubasher: The National Bank of Oman said that its board recommended a 17% cash dividend and a 10% bonus share (1 for every 10 shares) to shareholders for the fiscal year 2015, according to a bourse filing. The bank reported profits of OMR 60.11 …
Management Decisions
17 January 2016 00:15 PM Investment Stabilization Fund’s NAV
Date  NAV  per unit (RO) 14-01-2016 0.873 ( The above NAV is provisional & unaudited)
14 January 2016 00:54 PM Initial Un-Audited Results for the Year Ended 31 December 2015
Please find below the Initial Un-Audited Financial Results for the year ended 31 December 2015:   31-12-2015  RO 31-12-2014  RO Net investment income / (loss) (14,614,177) (8,257,445) Total Expense (in RO) (573,650) (593,568) Increase / (Decrease) …
Photo credit: Arabianeye - Reuters
12 January 2016 10:05 AM Oman’s NBO posts 20% rise in annual profit
Mubasher: The National Bank of Oman reported on Tuesday 20% year-on-year rise in its annual profit for 2015, reaching OMR 60.11 million, up from OMR 50.27 million a year earlier. Net operating income rose by 20% y/y to OMR 135.72 million, against …
Financial Results
12 January 2016 08:20 AM PRELIMINARY UNAUDITED RESULTS FOR THE YEAR ENDED DEC 31 2015
National Bank of Oman (NBO) announces its preliminary unaudited results for the year ended 31 December 2015. The financial results are subject to the approval of External Auditors, Board of Directors, Central Bank of Oman and the shareholders of …