Wednesday 01 / May / 2024
Muscat: Bank Muscat, the leading financial services provider in the Sultanate of Oman, has been honoured with 2 prestigious awards by the Arab Federation of Capital Markets. The awards for Best Investment Bank (Oman) and Best ESG Integration (Oman) were announced at a glittering event held recently in Muscat as part of annual Arab Federation of Capital Markets conference organised in partnership with UK-based Global Economics. Haitham Salim al Salmi, CEO, Muscat Stock Exchange handed over the awards to Khalifa Abdullah Al Hatmi, Deputy General Manager -Investment Banking and Capital Markets, Bank Muscat, in presence of number of CEOs of other regional stock exchanges.
Speaking on the occasion after receiving the awards, Khalifa Abdullah Al Hatmi, Deputy General Manager - Investment Banking and Capital Markets, Bank Muscat, said: “We are really delighted to receive these prestigious awards from the Arab Federation of Capital Markets. They are a testament to the bank's pioneering role in Oman and its long-standing experience in continuously delivering outstanding services and solutions to its customers and partners. We take this opportunity to thank all our customers for their continuous trust in the bank as well as constant feedback which helps us serve them better, every day.”
Bank Muscat has a successful track record of providing innovative and customized financing solutions to suit the unique requirements of its customers. The bank provides corporate finance and advisory services to a number of prestigious clients including for Government Related Entities as well as corporates. In 2022, Bank Muscat successfully advised on multiple transactions spanning across various sectors including telecom, financial services, gas networks, utilities and supplier financing, which resulted in fundraising in excess of RO 800 million (US$ 2 billion).
As the market leader in corporate finance and advisory solutions encompassing corporate finance, project finance, debt capital markets, debt refinancing and restructurings, IPOs, structured financings, quasi-equity financings, private placements, as well as mergers and acquisitions in Oman, the bank prides itself in its intricate understanding of diverse business requirements of its clients. It offers unmatched financial expertise and guidance, innovative funding solutions and wide array of services for various customer needs. It is also the largest asset manager in Oman with approximately US$ 2.5 billion of Assets under Management (AUM).
During its successful four decade long journey, Bank Muscat has also made its mark in the fields of sustainability and CSR in serving different segments of society in the best manner possible. The bank runs a number of programmes and one-off initiatives in this regard including the landmark Green Sports programme, the Tadhamun programme to provides household appliances to social welfare families, and the Al Wathbah SME Academy, which equips Omani entrepreneurs with business skills and help them acquire internationally-accredited certification. The bank is also well known for its efforts in the field of corporate governance and timely disclosures.
The bank’s many successes across different fields have been well recognised with it winning several regional and international awards in the recent past from international publications like Global Finance, Euromoney, EMEA Finance and The Banker. This included being recognised by Forbes Middle East as one of the Top 50 banks in the region. The bank endeavours to deliver best-in-class services to its customers in the future as well as building on its track-record of strong performance.
