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The board of directors of National Bank of Oman ( NBO ) has recommended a 17.5 per cent cash dividend for shareholders, subsequent to the announcement of preliminary results for full-year 2012 on January 20. "The board recommends to the annual
ahlibank said its net profit soared by 19 per cent to OMR21.7 million for 2012 from OMR18.2 million reported for the previous year. Commenting on the bank's performance, Hamdan Ali Nasser Al Hinai Chairman of ahlibank said: "These financial results
Certificates of deposit (CDs issue No...A bulletin issued by the CBO stated that the average interest rate of these certificates was 0.11 per cent, while the maximum accepted interest rate was 0.12 per cent...The certificates of deposit are issued to
We are delighted to be able to celebrate the successes of our new Fellows and Members at this ceremony...Oman, thus contributing to the wider economic development," Sajid Khan further added. Oman and Qatar), outlined the importance of acquiring soft
Certificates of deposit (CDs issue No.800) tender was held at the Central Bank of Oman (CBO) this week...A bulletin issued by the CBO stated that the average interest rate of these certificates was 0.11 per cent, while the maximum accepted interest
Meethaq, the pioneer of Islamic banking in Oman, from Bank Muscat, is all set to redefine Islamic banking with the launch of full-fledged operations at its dedicated branch in Al Ghubra. Sheikh AbdulMalik bin Abdullah Al Khalili, Minister of Justice,
The first meeting for the Sharia Supervisory Board of BankDhofar was held on December 26 to approve the proposed policies and procedures pertaining to its Islamic banking window, Maisarah. In addition, the meeting approved a wide range of products
Certificates of deposit tender was held at the Central Bank of Oman (CBO) this week...OMR370 million. A bulletin issued by the CBO stated that the average interest rate of these certificates was 0.11 per cent, whilst the maximum accepted interest
Bank Nizwa, Oman's first dedicated Islamic bank, formally opened its doors to the public making history for the Sultanate's financial services industry. This pioneering initiative by Bank Nizwa signifies the start of a new era for banking in Oman.
Bank Sohar has achieved an impressive 58.73 per cent growth in net profit at OMR23.01 million in 2012, over the previous year. The operating income has also increased by 21.14 per cent from OMR43.186 million in 2011 to OMR52.317 million in 2012.