Oman has recently inaugurated its inaugural government-owned specialized investment bank following the acquisition of necessary licenses from the Central Bank of Oman (CBO) and the Capital Market Authority (CMA).
Oman Investment Bank, the nation’s premier dedicated corporate investment bank, is now officially operational. Headquartered at Dana House in Muscat’s Al Khuwair district, the newly established institution is poised to advance Oman’s strategic objectives and aspirations, catering to wholesale corporate and investor clients regionally and across target markets.
The bank’s comprehensive range of financial services encompasses corporate finance advisory and the development of domestic and regional securities markets. According to H E Abdulsalam bin Mohammed al Murshidi, Chairman of Oman Investment Bank, the institution is primed to play a crucial role in supporting the implementation of Oman Vision 2040 strategy.
Oman Investment Bank’s launch equips the sultanate with the tools necessary to foster investments in local projects, prioritizing the development of a flexible, diversified, and sustainable economy to enhance competitiveness.
The bank’s establishment closely follows the inception of the Oman Future Fund earlier this year. With a vision for growth, Oman Investment Bank is committed to offering strategic advisory and capital markets products to listed and unlisted corporates within Oman, the broader GCC region, and internationally.
Key sectors targeted by Oman Investment Bank for support include energy and power, industries, minerals, consumer goods, agriculture, financial services and asset management, real estate, infrastructure, and technology/media/telecommunications. The bank is aligned with the strategic sectors identified by the Omani government as part of its overarching economic vision.
The establishment of Oman Investment Bank underscores the government’s commitment to fostering sustainable growth, encouraging investments, and bolstering the nation’s competitiveness. As the bank commences operations, it is poised to become a key player in driving economic prosperity and achieving long-term strategic objectives outlined in Oman Vision 2040.