Muscat, 2 October 2023 – Oman Arab Bank (OAB) announced its ‘Roots of Oman’ campaign, which aims to plant 5,000 trees across the Sultanate by the end of the year, coinciding with the bank’s 50th anniversary. The bank is also inviting the public to participate giving them an opportunity to join OAB’s efforts and contribute […]
Muscat, 2 July 2023 – Oman Arab Bank (OAB) helped to lift the spirits of more than 400 children thanks to its participation in Eid celebrations organized by Al Rahma Association for Motherhood & Child Welfare. As part of its unwavering commitment to making a positive difference across the Sultanate, the bank organized a heartwarming […]
Muscat, 09 April 2023 – The outlook on Oman Arab Bank (OAB) Long-Term Foreign Currency Rating (LT FCR) and Bank Standalone Rating (BSR) was revised from ‘stable’ to ‘positive’ by Capital Intelligence Ratings (CI Ratings).” The bank’s LT FCR and BSR are respectively ‘BB’ and ‘bb’, while its Short-Term Foreign Currency Rating (ST FCR) has been affirmed at ‘B’, its Core Financial Strength (CFS) at […]
Muscat, 26th July 2023 – Oman Arab Bank (OAB) has been recognized as Domestic Retail Bank of the Year – Oman and the SME Payment Solutions of the Year – Oman, earning two wins at the prestigious Asian Banking & Finance (ABF) Retail Banking Awards 2023. A distinguished panel of judges from the banking […]
Muscat, 27 February 2023 – Oman Arab Bank (OAB) customers can now use their mobile banking app to subscribe digitally to the initial public offering of Abraj Energy Services Company (under transformation), a subsidiary of OQ, the global integrated energy group. Completely paperless and without the need to physically visit a branch, customers will be […]
11/September 2023 – Muscat: Oman Arab Bank (OAB) and Oman Tourism Development Company (OMRAN Group) have sealed a strategic partnership to solely finance the upcoming Nikki Beach Resort & Spa Muscat, currently being developed adjoining the Sustainable City – Yiti. This marks the latest landmark project that the bank has financed in the Sultanate of Oman, […]
Muscat, 15 October 2023 – Oman Arab Bank (OAB) has announced the redemption of the Perpetual Subordinated Bonds (OAB PERPET. SUB OABB) on 14 September 2023 in MSX (Muscat Stock Exchange). The bonds for OMR 42.553 million were issued by the Bank on 17 October 2018, at an interest rate of 7.50% p.a. and listed […]
Muscat, 6 November 2023 – Oman Arab Bank (OAB) is offering both new and existing customers a market-leading competitive interest rate of 6.1% per annum for all new deposits over OMR 30,000 made by 31st of December 2023. In addition to guaranteed higher earnings, security and flexibility, customers will have access to useful loan and […]
Muscat, 6 November 2023 – Oman Arab Bank (OAB) is offering both new and existing customers a market-leading competitive interest rate of 6.1% per annum for all new deposits over OMR 30,000 made by 31st of December 2023. In addition to guaranteed higher earnings, security and flexibility, customers will have access to useful loan and […]
12th December 2023: Muscat: Oman Arab Bank (OAB) and First Carbon Investments (FCI) announced the signing of a Memorandum of Understanding (MoU) to accelerate the deployment of new clean technologies in Mena. The MoU was signed by Sulaiman Al Harthi, CEO of OAB, and Peter Ellen, CEO of FCI, in advance of COP28 UAE. Under […]