|
Acquistion
Status
Complete
Acquirer
Target
Announcement Date
31 Dec 2008
Closing Date
31 Dec 2008
|
BankMuscat provides conventional and Islamic banking in Oman; its services include: commercial banking; investment banking, including corporate finance and investment advisory on mergers and acquisitions, IPO and underwriting; asset management, including wealth, portfolio and fund management; private equity investment; and brokerage. Through its Saudi subsidiary, Muscat CapitalMuscat Capital , the bank also provides investment banking; asset management, including fund, wealth and portfolio management; and brokerage. BankMuscat launched its Islamic banking operations, in December 2011, under the brand name “Meethaq” at the Oman Islamic Economic Forum. The bank’s total revenues decreased by 10.34% to OMR353 million (USD913 million), while net profits increased by 37.83% to OMR102 million (USD264 million), in 2010.
Auditors
| PricewaterhouseCoopers Oman |
|
| Financial Results |
31-Dec-10 |
31-Dec-11 |
Yr on Yr |
| |
OMR'000 |
OMR'000 |
change (%) |
Total revenues  |
352,976
|
366,352
|
3.79 |
| Net profit |
101,669
|
117,608
|
15.68 |
| Total assets |
5,851,128
|
7,228,001
|
23.53 |
| Paid-up capital |
134,642
|
154,838
|
15.00 |
| Shareholders' Equity |
796,128
|
870,348
|
9.32 |
| Shares outstanding |
1,346,417
|
1,548,380
|
15.00 |
| Market capitalization |
1,295,253
|
1,186,059
|
(8.43) |
| Note: Paid-up capital increased to OMR1,548,379,716 as of March 2011. |
| Note: Current shares outstanding is 1,548,379,716 |
|
+ 0.14%
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