Oman Arab Bank Drives Innovation and Technological Advancements

Oman Arab Bank has been at the forefront of innovation and technological advancements in the banking industry. The bank has successfully implemented a mobile banking app that allows customers to manage their accounts, pay bills, and transfer funds remotely.

This mobile banking app has been widely adopted by customers, with over 70% of the bank's transactions now being conducted through mobile banking. The app's user-friendly interface and robust security features have made it a trusted channel for customers to manage their financial transactions.

The bank's commitment to innovation has also led to the implementation of a state-of-the-art core banking system, which has improved the efficiency and speed of banking operations. This system has enabled the bank to provide faster and more secure services to its customers.

As a result, Oman Arab Bank has been able to reduce its operating costs and improve its overall customer experience. The bank's focus on innovation and technological advancements has positioned it as a leader in the banking industry in Oman.

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Oman Arab Bank has a capitalization range of 239M to 93.19B.

The Enterprise Value (EV) of the bank varies between 239M and 93.19B.

The Free-Float of the bank is 20.01%.

The EV/Sales ratio for 2025 is 1.99x.

Here is a summary of the bank's capitalization and EV values:

Oman Arab Bank has been making headlines with various announcements and reports in recent years. Here are some of the notable updates:

Oman Arab Bank SAOG reported its earnings results for the full year ended December 31, 2024, on January 14. The bank's financial performance was highlighted in the report.

In November 2024, Oman Arab Bank SAOG approved the appointment of Zahra Abdul Ameer Said as Chief Risk Officer. This move is expected to strengthen the bank's risk management capabilities.

The bank reported its earnings results for the nine months ended September 30, 2024, on November 1. The results showed a steady growth in the bank's financial performance.

OQ Gas Networks appointed Oman Arab Bank as the lead arrangers for a $1.2 billion syndicated loan on September 24, 2024. This loan is expected to support the development of gas infrastructure in Oman.

Oman Arab Bank SAOG reported its earnings results for the second quarter and six months ended June 30, 2024, on August 6, 2024. The results showed a significant increase in the bank's revenue.

The bank reported its earnings results for the first quarter ended March 31, 2024, on April 17, 2024. The results showed a steady growth in the bank's financial performance.

In February 2024, Oman Arab Bank SAOG announced changes to its board of directors. The changes were aimed at strengthening the bank's governance structure.

Oman Arab Bank SAOG reported its earnings results for the full year ended December 31, 2023, on January 31, 2024. The results showed a steady growth in the bank's financial performance.

Here are some key dates for Oman Arab Bank's earnings reports:

Oman Arab Bank has also been making changes to its leadership team, with the appointment of Khalid Al Amri as an interim head for retail banking activities in September 2023.

Oman Arab Bank has a strong leadership team in place, with Sulaiman Al Harthi serving as the CEO since November 30, 2023.

The bank's CEO, Sulaiman Al Harthi, has been at the helm since 2023.

Rashad Al-Zubair has been the Chairman since May 31, 1999, providing stability and guidance to the bank.

The bank's leadership team is rounded out by Ahmed Rizk Fahmy El Damaty, who has been the Director of Finance/CFO since October 23, 2021.

Here is a list of the bank's top management and leadership team:

Oman Arab Bank has a rich history that spans over three decades, with its establishment in 1984 marking the beginning of its journey.

The bank's leadership has been at the forefront of innovation, launching its digital transformation strategy in 2014 to enhance its banking channels and services.

This move was a significant step towards embracing technology and providing added-value services to customers through strategic partnerships.

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In 2013, the CEO Abdul Qader Ahmed Askalan resigned, paving the way for new leadership to take the helm.

The bank's transformation continued in 2020, with the acquisition of 100% of Alizz Islamic Bank in June, solidifying its position in the market.

Oman Arab Bank was also transformed from a closed to a public joint stock company on July 6, 2020, with its shares listed on the Muscat Securities Market (MSM).

In the world of management, having the right leaders in place can make all the difference. Sulaiman Al Harthi is the CEO of Oman Arab Bank SAOG, a position he took on in 2023.

A good CEO is essential for guiding the organization towards success. Sulaiman Al Harthi has been in this role since November 30, 2023.

The role of a CFO is also crucial in ensuring the financial stability of the organization. Ahmed Rizk Fahmy El Damaty has been in this position since October 23, 2021.

Essam Al Busaidi is the Chief Administrative Officer, a role he took on in 2022.

Leadership is not just about the CEO, but also about the board of directors. Rashad Al-Zubair has been the Chairman of Oman Arab Bank SAOG since May 31, 1999.

The board of directors also includes Randa Sadik, who has been a Director/Board Member since May 31, 2010. She is 62 years old.

Another Director/Board Member is Abdulaziz Mohammed Ahmed Al-Balushi, who has been in this role since March 18, 2014.

Oman Arab Bank has made significant investments in technology to enhance customer experience. They have implemented a mobile banking app that allows customers to manage their accounts, pay bills, and transfer funds on the go.

Their online banking platform provides 24/7 access to account information, allowing customers to stay on top of their finances at any time.

The bank's digital transformation has enabled faster and more secure transactions, reducing the risk of errors and increasing efficiency.