Principal Activities
Provides commercial banking services including deposits, loans and credit cards.
Date of Establishment Year
2007 (March)
No of Employees
552 Company, N/A Headquarters (As of Dec 06, 2011)
|
Listing Date:
05Mar07
Size of Offering:
$54.036M
Equity Offering:
40%
Lead Managers:
Oman Arab Bank
Acquistion
Status
Complete
Acquirer
Target
Announcement Date
11 Jan 2012
Closing Date
11 Jan 2012
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Major Shareholders  |
Section Updated: 23Dec11
|
|
|
|
|
|
|
Omani Pension Funds
|
Corporate |
Oman |
16.32% |
|
Omani Wealth Funds
|
Corporate |
Oman |
15.28% |
|
Al Ghadeer Investments
|
Corporate |
Oman |
15.00% |
|
The Royal Courts Affairs
|
Government |
Oman |
14.57% |
|
Oman Investment and Finance Company
|
Corporate |
Oman |
9.90% |
|
Public
|
|
- |
28.93% |
Foreign Ownership Limits
Section Updated: 15Dec09
96%
Nationals
2%
GCC Nationals
0%
Other Arabs
2%
Foreigners
100%
GCC Nationals
70%
Foreigners
|
Auditors
| PricewaterhouseCoopers Oman |
|
| Financial Results |
31-Dec-10 |
31-Dec-11 |
Yr on Yr |
| |
OMR'000 |
OMR'000 |
change (%) |
Total revenues  |
35,210
|
43,169
|
22.60 |
Net profit  |
10,220
|
14,497
|
41.85 |
| Total assets |
1,258,615
|
1,431,977
|
13.77 |
| Paid-up capital |
100,000
|
100,000
|
0.00 |
| Shareholders' Equity |
123,531
|
128,686
|
4.17 |
| Shares outstanding |
1,000,000
|
1,000,000
|
0.00 |
| Market capitalization |
198,000
|
158,000
|
(20.20) |
| » View Full Financials |
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