MUSCAT, 8 February 2011 – BankMuscat, the leading financial services provider in the Sultanate, highlighted the 2010 performance at an investor meeting organised by Muscat Securities Market (MSM). BankMuscat was the first company to hold the 2010 annual result-linked investor meet which was well appreciated by the Capital Market Authority (CMA) and MSM. The meeting evoked good response from the media, investors and representatives of brokerage and investment companies.
The Bank’s Management Team, including AbdulRazak Ali Issa, Chief Executive, Sunder George, Deputy Chief Executive, K. Gopakumar, General Manager – Wholesale Banking, Abdullah Al Hinai, AGM - Investment Banking, and T. Ganesh –Financial Controller, attended the meeting.
AbdulRazak Ali Issa said: “Such events promote better investor relations culture in Oman. I thank the CMA and MSM for organising the meeting which will help in building a stronger corporate governance and investor relations culture in Oman. As always, BankMuscat takes proactive measures to enhance investor relationship. The Bank is grateful to customers, the banking community, shareholders and regulators for their continued support.”
T Ganesh made a presentation on the Bank’s 2010 financial highlights. The presentation also touched upon the 2011 outlook on Oman and the GCC markets, serving as a pointer to business opportunities for the Bank. In 2010, BankMuscat posted a net profit of RO 101.6 million, higher by 38% compared to 2009. Core earnings of the Bank improved during the year.