Bank Muscat - Company Profile
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Bank Muscat (Bank Muscat) offers a wide range of consumer, commercial, Islamic, and wholesale banking solutions. Its portfolio of products includes savings accounts, deposit accounts, current accounts, payroll accounts, children’s accounts, credit cards, debit cards, pre-paid cards, and corporate cards. The bank provides home loans, education loans, car loans, mutual funds, hedge funds, private equity funds, and insurance solutions. It also provides various services, including payment solutions, money transfer, wealth management, asset management, portfolio management, investment banking, private banking, expat services, advisory, and project and structure finance. The bank operates through its branch offices, representative offices, and subsidiaries in the UAE, Oman, Kuwait, Saudi Arabia, Iran, and Singapore. Bank Muscat is headquartered in Ruwi, Muscat, Oman.
Headquarters
Oman
Address
Building No. 120/4 Block No.: 311, Airport Heights, Seeb Street No.: 62 P, P.O.Box 134, Muscat, 112
Website
www.bankmuscat.com
Telephone
968 24 795555
No of Employees
4,203
Industry
Financial Services
Ticker Symbol & Exchange
BKMB (MSM)
Revenue (2022)
$2.1B
16%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
5.8%
(2022 vs 2021)
Market Cap*
$5.1B
Net Profit Margin (2022)
XYZ
-8.8%
(2022 vs 2021)
* As of and is in US$
Bank Muscat premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Accounts: | Money Transfer |
| Savings | Remittance |
| Current | Wealth Management |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Corporate Changes/Expansions | In February, Meethaq Islamic Banking opened a new branch in the Wilayat, Al Rustaq. |
| 2024 | New Products/Services | In January, the bank introduced the 2024 edition of Green Sports. |
| 2023 | Contracts/Agreements | In November, the company partnered with Landmark Group and Visa to launch the Bank Muscat Shukran co-branded Visa Prepaid Card. |
Competitor Comparison
| Key Parameters | Bank Muscat | Sohar International Bank SAOG | Bank Dhofar SAOG | National Bank of Oman | Oman Arab Bank |
|---|---|---|---|---|---|
| Headquarters | Oman | Oman | Oman | Oman | Oman |
| City | Muscat | Muscat | Ruwi | Muscat | Ruwi |
| State/Province | - | - | Muscat | Muscat | Muscat |
| No. of Employees | 4,203 | 1,548 | 1,689 | 1,413 | 1,461 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Sheikh Khalid bin Mustahail Al Mashani | Chairman | Executive Board | 2011 | - |
| Sheikh Ahmed bin Hamed bin Hilal Al Sadi | Deputy Chairman | Executive Board | 2020 | - |
| Sheikh Waleed Khamis Al Hashar | Chief Executive Officer | Senior Management | - | - |
| T. Ganesh | Chief Financial Officer | Senior Management | - | - |
| Sheikha Yousuf Al Farsi | Chief Operating Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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