Sohar International Bank SAOG - Company Profile
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Sohar International Bank SAOG (Sohar International) is a provider of retail, wholesale, wealth management and Sohar Islamic solutions to individuals, government, financial institutions, and corporate clients. The retail banking portfolio comprises loans, accounts and deposits, overdrafts, card products, insurance, and fund transfer facilities, among others. Its wholesale banking solutions offer financing, loans, accounts and cards, business advisory, small and medium enterprises facility, digital banking, and other services. Its wealth management provides banking and insurance benefits, service benefits. Sohar International also provides other services such as foreign exchange, fixed income, interest rate products and derivatives, cash management and risk management solutions; and Sharia-compliant Islamic banking solutions. The bank operates through a network of conventional branches and Islamic branches. Sohar International is headquartered in Muscat, Oman.
Headquarters
Oman
Address
Al Mina , Muttrah Business District, P.O.Box 44hai, Muscat, 114
Website
www.soharinternational.com
Telephone
968 24 730000
No of Employees
1,548
Industry
Financial Services
Ticker Symbol & Exchange
BKSB (MSM)
Revenue (2022)
$986.5M
83.7%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
101.7%
(2022 vs 2021)
Market Cap*
$2.0B
Net Profit Margin (2022)
XYZ
9.8%
(2022 vs 2021)
* As of and is in US$
Sohar International Bank SAOG premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Deposits and Accounts: | Cash Management | Sohar International |
| 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 |
|---|---|---|
| 2024 | Contracts/Agreements | In March, the bank entered into a partnership with Insurance House to improve insurance offerings. |
| 2024 | Contracts/Agreements | In January, the company entered into an agreement with U-Capital to strengthen and optimize the liquidity of Sohar International shares. |
| 2023 | Contracts/Agreements | In November, the company entered into an agreement with Zakat Authority to enhance the role played by Zakat committees in the distribution, governance, and control of Zakat duties. |
Competitor Comparison
| Key Parameters | Sohar International Bank SAOG | Bank Muscat | 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 | 1,548 | 4,203 | 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 |
|---|---|---|---|---|
| Said Mohamed Al-Aufi | Chairman | Executive Board | - | - |
| Ahmed Al Musalmi | Chief Executive Officer | Senior Management | 2018 | - |
| Craig Barrington Bell | Chief Financial Officer | Senior Management | 2019 | - |
| Hamood Al Sawai | Chief Operating Officer | Senior Management | 2021 | - |
| Mazin Mahmood Al Raisi | Chief Marketing Officer | Senior Management | 2022 | - |
| 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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