International
Operations Group
The corporate
vision of BankMuscat is to have over one million
satisfied customers by 2010 through continuous
enhancement of stakeholder value.
The vision of
International Operations group is completely aligned
with our corporate vision. The InternationalOperations group forms a priority focus of BankMuscat.
The mission and
strategy of the International Operations group is to
be a distinguished regional bank in the coming 5
years, and generate substantial strategic and
commercial value for our clients and ourselves.We
would like to serve an enlarged domestic and
regional client base, and to serve them better,
continue to enhance our business lines, products
suite, and our expertise and specialization. The
strategy helps us serve domestic communities,
diversify our risk exposure, and add significantly
to the Bank’s reputation
BankMuscat is by
far the largest bank in Oman in all respects.
Additionally, we are already present and growing in
the Kingdom of Saudi Arabia through a branch in
Riyadh. We are present in the UAE through a
Representative office in Dubai for 12 years. We have
a major and strategic stake in our associate bank
i.e., Bank Muscat International (BMI) in Bahrain
since 2005, and have been a sizeable stakeholder
(17.4%) in the Centurion Bank of Punjab (CBoP),
India since 2005. Centurion Bank of Punjab is to
merge with the HDFC Bank. In March 2008, we have
acquired a major (35%) and strategic stake in Saudi
Pak Commercial Bank in Pakistan, together with IFC,
Nomura and our local management partners.
Our expansion
plans are primarily focused on the Middle East. We
would like to achieve our international ambitions
organically i.e., by opening branches in the new
countries and /or strengthening our business base in
the presence countries, as well as inorganically
i.e., by acquiring majority and/or strategic stakes
in the existing financial institutions. We are
continuously exploring a selected range of target
countries for extending our products and services in
order to meet the needs of our new and existing
clients.
We are very
grateful to our key partners like Central Bank of
Oman, CMA, other Government authorities in Oman, the
respective Central Banks in our presence countries,
our clients and our employees who have extended
tremendous level of cooperation to make Bank Muscat
a regional player so far.
International Operations contact detials:
|
Name
|
Designation
|
Contact No. |
|
Bilal A. Moti
|
Head of International Operations
|
24768527 |
Address:
Al Hilal Building
Markaz Al Tejari Street
P.O. Box No.134
Postal Code 112, Ruwi
Sultanate of Oman
|
Bank Muscat-Saudi Arabia |
|
Bank Muscat became the first bank
from the Sultanate of Oman to enter
the largest market of Saudi Arabia.
We proudly opened our commercial
banking branch in Riyadh in April
2007, which is located at the
prestigious King Fahad Road.
Our well equipped branch in Riyadh
offers a wide range of consumer
banking, corporate banking, trade
finance and treasury products and
services on the non conventional
basis under the new brand”
BankMuscat Khayrat”. Our best
selling products are Murabaha,
Tawarruq and trade finance products
which are appreciated by our both
corporate and consumer banking
clients. We are continuously
enriching our suite of products and
services. The branch also has a
separate and fully dedicated ladies
section in the Bank’s premises.
The branch management and staff
members are keen to represent a fine
blend of the Saudi and Omani
hospitality and service standards.
We foresee a tremendous level of
growth in the kingdom, and have
aspirations to grow with the
country.
Address:
Opposite Al Faisaliya Foundation
King Fahad Road
P.O. Box No. 54488
Postal Code 11514
Riyadh
Kingdom of Saudi Arabia
Tel: + 966 1279 9888
Fax: +966 1279 9898 |
|
Representative Office-UAE |
|
Since 1996, our Representative
Office in Dubai has been an active
sales and service arm of BankMuscat
in the UAE. The office has
capabilities to serve our UAE based
clients with the set of banking
products and services of Bank Muscat
in Oman and across the network.
We have a comprehensive NRI business
group based in our representative
office, who serve our Indian clients
with all non residents banking
services coordinated with Centurion
Bank of Punjab.
Address:
BankMuscat,
Dubai Representative Office,
P.O. Box: 29969, Dubai
United Arab Emirates
Tel: +9714 2222267
Fax: +9714 2210115 |
|
Bank Muscat International-Bahrain |
|
BMI was established in 2005, after
the purchase of ABN AMRO Bank’s
branch in Bahrain. The bank offers a
full range of commercial and off
shore banking products and services
through its 4 branches and 12 ATMs.
The bank is rated Baa2 by Moody’s
and BBB- by Standard and Poors.
BMI is also pursuing its prudent
plans to grow locally and
internationally. The bank has
acquired 21.33% share in the new
Gulf African Bank in Kenya. The
plans are to open a branch in Qatar
Financial Center in 2008.
6 members from BankMuscat Board of
Directors/ Executive Management sit
on the Board of Directors of BMI.
For more information, please visit
the website www.bmi.com.bh
Address:
Batelco Commercial Centre
P.O. Box 350,
Manama
Kingdom of Bahrain
Tel: +973 17218686
Fax: +973 17226641 |
|
Saudi Pak Commercial Bank
|
|
In March 2008, we have acquired a
major (35%) and strategic stake in
Saudi Pak Commercial Bank in
Pakistan, together with IFC, Nomura
and our local management partners.
The Saudi Pak Commercial Bank was
set up in the year 2001. As a
conventional Commercial Bank, it
currently services its client base
across a network of 50 branches
nationwide.
Two executives will represent Bank
Muscat in the Board of the new bank
starting in April 2008.
As per our shareholders consortium
agreement, the bank will be managed
by Sinthos Capital, which is a
financial services organization
founded by Shaukat Tarin and Sadeq
Sayeed. Shaukat Tarin has over 32
years of successful banking
experience with Citibank, Habib Bank
and Union Bank.
For more information, please visit
www.saudipakbank.com.
Address:
Saudi Pak Building:
I.I. Chundrigar Road
Karachi, Pakistan
Tel: +92 21 111001987, + 92
212460475-94
Fax: +92 21 2460419 |
|
