|Oman Arab Bank|
1st October, 1984 was an eventful day in the history of banking in the Sultanate of Oman.
Oman Arab Bank acquired the branches of Arab Bank which were operating in Oman since 1973 with Oman International Development & Investment Company (OMINVEST) owning 51% of the shares of the new bank and Arab Bank owning 49% with management control. This marked the birth of a local bank with an international presence.
The bank provides a range of products and services in retail banking, corporate and project finance, investment banking, and trade finance.
OAB has consistently earned one of the highest returns on equity for the last 25 years with an average of over 20% per annum, one of the highest in the banking industry.
Vision & Mission:
- To be committed to national development by financing all major infrastructure projects.
- To be pioneers in introducing the latest electronic banking systems and services in the Country.
- To develop Omani banking expertise by encouraging local talents.
- To be involved in social services community projects, and charitable causes.