Sohar International Bank SAOG - Company Profile
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Sohar International Bank SAOG (Sohar International) is a provider of retail, commercial, wealth management, and Islamic solutions to individuals, SME, government, financial institutions, and corporate clients. The bank offers a range of products and services, including retail and corporate accounts, loans and financing, life and general insurance, and various types of debit and credit cards. It also provides business advisory services such as foreign exchange, fixed income, SME, treasury, and project advisory. Sohar International serves a diverse customer base, providing financial solutions for personal, educational, and housing needs, as well as insurance and global transfer services. The bank operates through a network of commercial and Islamic banking branch offices in Oman and Saudi Arabia. Sohar International is headquartered in Muscat, Oman.
Headquarters
Oman
Address
Al Khuwair Street, Al Khuwair, P.O.Box 44hai, Muscat, 114
Website
www.sib.om
Telephone
968 24 730000
No of Employees
1,699
Industry
Financial Services
Ticker Symbol & Exchange
BKSB (MSM)
Revenue (2024)
$1.1B
5.3%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
0.3%
(2024 vs 2023)
Market Cap*
$3.6B
Net Profit Margin (2024)
XYZ
-4.8%
(2024 vs 2023)
* As of and is in US$
Sohar International Bank SAOG premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Deposits and Accounts: | Cash Management |
| Savings | Foreign Exchange |
| Current | Project Advisory |
| 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 |
|---|---|---|
| 2025 | Regulatory Approval | In December, the company secured approval from the central bank to launch a representative office in Hong Kong. |
| 2025 | Contracts/Agreements | In August, the company entered into an agreement to acquire a 55% stake in Neo Group Ltd, a food and catering solutions provider. |
| 2025 | Plans/Strategy | In April, the bank announced its plans to merge with Ahli Bank. |
Competitor Comparison
| Key Parameters | Sohar International Bank SAOG | Bank Muscat SAOG | Bank Dhofar SAOG | National Bank of Oman | Oman Arab Bank |
|---|---|---|---|---|---|
| Headquarters | Oman | Oman | Oman | Oman | Oman |
| City | Muscat | Muscat | Ruwi | Ruwi | Muscat |
| State/Province | Muscat | - | Muscat | Muscat | Muscat |
| No. of Employees | 1,699 | 4,400 | 1,791 | 1,416 | 1,431 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Said Mohamed Al-Aufi | Chairman | Executive Board | - | - |
| Abdulwahid Mohamed Al Murshidi | Chief Executive Officer | Senior Management | - | - |
| Craig Barrington Bell | Chief Financial Officer | Senior Management | 2019 | - |
| Hamood Abdullah Al Sawai | Chief Operating Officer | Senior Management | 2021 | - |
| Mazin Mahmood Al Raisi | Chief Marketing Officer | Senior Management | 2022 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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