Oman Arab Bank is a commercial bank in Oman, established in 1984. It is jointly owned by Arab Bank plc (49%), Oman International Development and Investment Company SAOG (31.63%) and other individual or corporate shareholders (19.37%).[3]
History
Oman Arab Bank was established in 1984.
In 2014, the bank launched its digital transformation strategy, enhancing its banking channels and services by employing the state-of-the-art technologies, promoting a culture of innovation and talent management, as well as providing added-value services through strategic partnerships.[4] The CEO Abdul Qader Ahmed Askalan resigned in 2013.[5]
Oman Arab Bank has acquired 100% of Alizz Islamic Bank in June 2020 and merged its Al Yusr Islamic Banking window with Alizz Islamic Bank.[6]
On July 6, 2020, Oman Arab Bank was transformed from a closed to a public joint stock company, with its shares listed on the Muscat Securities Market (MSM).[7]
Activities
Oman Arab Bank operates in the retail banking, corporate banking, project finance, investment banking, trade finance and Islamic banking sector.
See also
External links
References
- Chairman Message Oman Arab Bank^
- Chairman Message Oman Arab Bank^
- About OAB Oman Arab Bank^
- Oman Arab Bank Launches Step to the Future 2.0 BusinessLiveME, 2019-10-11, retrieved 2020-08-12^
- Resignation of the CEO of Oman Arab Bank www.ominvest.net, retrieved 2023-02-03^
- Oman Arab Bank acquires Alizz Islamic Bank The Arabian Stories, 2020-04-21, retrieved 2020-08-12^
- Oman Arab Bank lists shares on MSM Oman Observer, 2020-07-06, retrieved 2020-08-12^