National Bank of Oman SAOG (“NBO” or the “Bank”) was the first incorporated Bank in the Sultanate of Oman (“Oman”)-established in1973 as a joint stock company, providing conventional and Islamic banking services.
The Bank’s shares are listed on the Muscat Securities Market (“MSM”).
The Bank operates via five main segments, namely, retail banking, corporate banking, investment banking, treasury and international banking, and Islamic banking.
The National Bank of Oman JSC was established under registration no. 1003704 with an initial capital of OMR 500,000 and commenced operations with two branches in 1973. WJ Towell & Co. and Bank of America were the Bank's initial principal shareholders, with holdings of 51 per cent and 39 per cent respectively. In 1987, Bank of Credit and Commerce International (Luxembourg) Holdings SA (BCCI) acquired Bank of America's 39 per cent stake. In 1991, when the operations of BCCI were suspended, the Bank was re-capitalised by the Omani Government. In 2003, Suhail Bahwan Group (SBG) acquired a 35 per cent holding of the Bank through a private issue of share capital. In 2005, SBG and certain other minority shareholders divested part of their holdings to Commercial Bank of Qatar, which currently holds 34.9 per cent of the Bank's issued share capital.
With a mandate to fulfill the financial needs of its customers across all segments, National Bank of Oman puts special emphasis on making banking more convenient, accessible and enjoyable for all customers.
We offer cutting-edge financial solutions, designed to keep pace with the needs of individuals and businesses. With the global nature of banking and business in mind, we provide for all financial requirements within the Sultanate of Oman and beyond, ensuring we have the expertise and the technology to be a trusted partner in all their clients’ financial dealings.
In addition to a robust Personal Banking Division that offers accounts, loans, insurance and investment opportunities, the bank also has a respected Wholesale Banking Group and an Investment Banking Division.
The Wholesale Banking Group delivers a comprehensive suite of products and services designed to make it easy for companies and corporations based in Oman to conduct business within the country and abroad.
As the only Omani bank licensed to operate in Dubai, National Bank of Oman has a significant competitive advantage for the development of its international operations. The Bank considers the UAE to be a dynamic economy, with elevated levels of business confidence prevailing, particularly following the Emirate being awarded the honour of hosting EXPO 2020.
At National Bank of Oman, we are committed to community investment and deliver on our promise to make a positive impact on our community through corporate social responsibility activities that focus on five areas of interest, including health and human services, arts and culture, education, environment, and women and youth.
