Oman launches first government-owned investment bank

Oman launches first government-owned investment bank

Muscat: Fully government-owned Omani Investment Bank was announced on Thursday as the first specialized investment bank in the Sultanate of Oman, following the acquisition of relevant licenses from the Central Bank of Oman and the Capital Market Authority.The headquarters of the Omani Investment Bank will be located at "Bayt Al Dana" in Al Khwair - Muscat, established to support the strategic goals and ambitions of the Sultanate of Oman and investors both locally and regionally.The bank will offer a wide range of financial services including corporate financial advisory, development of local and regional capital markets.His Excellency Abdul Salam bin Mohammed Al Murshidi, Chairman of the Board of Directors of Omani Investment Bank, stated that the bank is currently preparing to play a vital role in supporting the government's implementation of the strategic axes of the "Oman 2040" vision, prioritizing the development of a more flexible, diverse, sustainable, and competitive economy. With the establishment of the bank, Oman completes its arsenal of internationally available tools for project and investment development, the most recent being the launch of the Oman Future Fund at the beginning of the year, culminating in the establishment of this bank.In its efforts to enhance its commercial