OAB raises RO50mn through rights issue

29/09/2025 04:19 AST

Oman Arab Bank (OAB) has announced the successful completion of its rights issue, through which 333,333,333 new shares were issued, raising RO50mn. Following the transaction, the bank's paid-up capital now stands at RO216.941mn, an increase of RO50mn.

In a press statement, OAB said this milestone reflects the strong confidence and trust of its shareholders in the bank's strategy, financial strength, and future growth prospects. The proceeds from the rights issue will further reinforce OAB's capital base, enabling it to accelerate strategic initiatives, enhance digital capabilities, and continue supporting the economic development of the Sultanate of Oman.

Sulaiman al Harthi, Chief Executive Officer of Oman Arab Bank, said, "We are deeply grateful to our esteemed shareholders for their unwavering trust and commitment, which have been clearly demonstrated through the successful completion of this rights issue. This capital increase marks an important step in OAB's growth journey, reinforcing our ability to deliver long-term value to shareholders while driving innovation and supporting Oman's Vision 2040.

"At Oman Arab Bank, we remain committed to providing best-in-class financial solutions, enhancing customer experience, and playing an active role in building a stronger and more sustainable economy."

OAB extended its appreciation to all stakeholders, regulators, and partners for their continued support in the successful completion of this milestone.


Muscat Daily

News

Oman Arab Bank launches new platform for SME growth

26/01/2026

Oman Arab Bank (OAB) on Sunday officially launched its new SME growth initiative, Tumouhi 2026, during a press conference, marking a significant milestone in the bank's long-term commitment to empowe

Muscat Daily

OAB inks $200mn financing deal for polysilicon project in Sohar Freezone

02/12/2025

Oman Arab Bank (OAB) on Monday announced the signing of a financing agreement with United Solar Polysilicon to support the establishment of a state-of-the-art polysilicon manufacturing facility in So

Muscat Daily

Oman Arab Bank highlights ongoing strategic initiatives and future plans

23/10/2025

Oman Arab Bank (OAB) on Wednesday held a discussion session at its Muscat headquarters on Wednesday, bringing together media representatives for an open dialogue moderated by CEO Sulaiman al Harthi.

Muscat Daily

Most Viewed Companies

Ticker Price Volume

Valuation

OAB Sector Market
P/E
Price/BookValue

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
BKSB 0.24 0.00 (0.00%)
BKMB 0.49 0.01 (2.08%)
NBOB 0.39 0.00 (0.00%)
BKDB 0.23 0.01 (4.54%)
ABOB 0.20 0.00 (0.00%)

Recent News

Application set to open for Al Salam Bank's new initiative

17/04/2026

Al Salam Bank has announced that application for its three-month instalment deferment service will open on Sunday and remain available till April 30.

This enables clients to benefit from the

GDN Online

Al Mahhar Holding strategically positioned to capitalise on Qatar's energy sector

17/04/2026

Al Mahhar Holding is "strategically positioned" to capitalise on the expanding opportunities within Qatar's energy sector.

The company highlights immense in-country opportunities in the Nort

Gulf Times

AD Ports Group fuels supply chain resilience in the Gulf

17/04/2026

AD Ports Group, a leading global enabler of trade, industry and logistics solutions, has successfully drawn on its diversified logistics capabilities to strengthen local and regional supply chains in

Trade Arabia

Woqod achieves QR163mn net profit in Q1 2026

16/04/2026

Qatar Fuel Company (Woqod) ?reported a net profit of QR163mn in the first quarter of 2026.

During its second board meeting Wednesday, Woqod chairman Ahmed Saif al-Sulaiti announced that the

Gulf Times

NBK wins Kuwait's Best Retail Bank in Customer Service in 2025 by Service Hero

16/04/2026

In recognition of its excellence and leadership in customer experience and service quality, as well as its commitment to prioritizing customer satisfaction, National Bank of Kuwait won, for the 15th

Kuwait Times

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap