Bank Muscat Best equities house
Bank Muscat?s position as the best bank in Oman remains secure, thanks to its continued investment across all its diverse business lines. Bank Muscat has continued to invest in cutting-edge technology such as its web-based trade finance platform, eTrade, cementing its reputation as the most innovative bank in the country and one of the most innovative in the region.
The bank?s corporate business is the clear market leader and the bank has played a major role in all the biggest deals.
Bank Muscat advised the government of Oman on the largest project finance deal of the year, the $1.2 billion Sohar Independent Water and Power project. Upon its completion the project will be the largest power plant in the country.
Bank Muscat is also the leader in retail banking and asset management in Oman and its international operations in the Gulf and India have shown a substantial rise in profits.
Financial Corporation (Fincorp), formed in May 2003 from the merger of three leading Omani brokerages, is now the largest brokerage in Oman and also a leading investment bank. In March 2004 it advised on the privatization and $24 million initial public offering of Al Maha Petroleum and has worked on a number of smaller transactions.