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Annual Results 2006 - Chairman's Report

With assets worth over US $11.9 billion, BankMuscat (SAOG) is the largest bank in Oman today with a strong presence in Corporate Banking, Retail Banking, Investment Banking, Treasury, Private Banking and Asset Management. The Bank has a network of over 100 branches and over 280 ATMs , a branch in Riyadh, Saudi Arabia, and a representative office in Dubai (UAE). BankMuscat also has a strategic stake in BankMuscat International (BMI) an independent Banking entity that will be focused on becoming a truly GCC regional bank. The Bank has also acquired a 43% stake in the Mangal Keshav Group, one of the oldest and most respected securities houses in the fast-growing Indian equities market.

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BankMuscat Q1 Net Profit at RO 26.5 million Profits Rise by 39.4% During the First Quarter of the Year
BankMuscat (SAOG), has achieved a net profit of RO 26.5 million for period ended March 31, 2008 as against a net profit of RO 19.0 million reported during the same period in 2007, thus recording an impressive growth of 39.4%.

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Mutual Funds NAV

07 May 2008

Oryx (2004) Fund - 2.199
Muscat Fund - 2.506

BM-MSCI Kuwait Fund -
USD
$ 1.3877

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