BankMuscat has a solid track record in financial advisory, making it the first choice of many of its reputable clients. The Bank's Corporate Finance & Advisory (CFA) team offers integrated financial solutions tailored to client requirements, covering a wide spectrum ranging from business combinations to project finance and infrastructure advisory.

Team assists clients in tapping into financial markets, through structuring and marketing of equity and debt. The team works interactively with the client throughout the process, from structuring of the issuance to pricing, drafting of the prospectus/information memorandum, distribution and compliance. The Unit helps its clients to facilitate the realization of projects through project and financial structuring, financial modelling and negotiation process. The Unit has the strong capabilities to provide strategic advisory for infrastructure projects, facilitating competitive bidding process, assisting in financial modelling as well as providing negotiation support.

The Corporate Finance & Advisory unit continued its rapid progress by successfully making an impressive entry into the Global Advisory League Tables. The bank has been ranked 24th worldwide for the Global Advisory Mandate won by Infrastructure Journal. The volume of the mandates carried the bank to the 10th place in Africa and Middle East. The Bank was ranked 4th in the waste sector and 8th in the power sector globally.

The Unit is proud to be associated with most coveted projects and transactions of the region: Sohar IWPP, Middle East Power Deal of the Year in 2005 by Project Finance International, Omantel IPO, Equity Deal of the Year in 2005 by The Banker and Sur IWP, Utility Project Finance Deal of the Year in 2007 by EUROMONEY.


The Unit’s impressive track record is including but not limited to the following deals. The mandate won to advise the Government owned Botswana Power Corporation (BPC) for a 600 MW power project up against international competition marked a milestone for Corporate Finance and Advisory. The size of the transaction is expected to exceed USD 950 million.

The Unit acted as the financial advisor for the first Independent Water Project in the region, with a value of USD 167 million, this prestigious transaction won the Utility Project Finance Deal of the year in 2007 by EUROMONEY.

The Unit successfully had the first closing of the Oman Integrated Tourism Fund (OITPF). Fund aims at investing in the Integrated Tourism Projects in Oman. OITPF, which is expected to be closed at USD 250 million will be the largest fund in Oman in terms of total commitments made by the investors.

During 2007, CFA successfully completed the second fund raising for OCTAL Petrochemical Project. The total funds raised for the project reached USD 300 million with the successful completion of Phase 2 amounting USD 150 million. Octal Petrochemical Project is the first project to be realized in the Salalah Free Zone. Recently, the bank signed a mandate with the group to raise additional USD 450 million. As part of the mandate, the team worked as the exclusive financial advisor and raised both equity and debt for the project.

CFA is also acted as the Sole Financial Advisor to the Ministry of National Economy for the Solid Waste Management restructuring project in Oman. This involves the restructuring of the entire solid waste sector in the country. The Unit also is acting as the sole Financial Advisor to the Ministry of National Economy for privatization in the hospitality sector (Golden Tulip, Seeb)

The Unit is advising Oman Holding International to raise debt and equity for future expanding plan. And working with Sahara Hospitability to raise about USD 80 million for the bidding of construction and operation of Permanent Accommodation for Contractors.

The Unit is currently the Lead Manager for an Omani electricity company to list its shares in Muscat securities Market through an IPO.

The Unit worked as the financial advisor for Al Anwar Holding to divest 31% of National Aluminium Company, the deal was closed successfully in February 2008.

The Unit also played a pivotal role in the Bank’s acquisition of a 43% stake in the Mangal Keshav Holding (MKH) in India. MKH ranks amongst the top 20 security houses in India and would provide an important platform for BankMuscat’s entry into the Indian securities market.

CFA was the Sole Financial Advisor to Gulf Energy Corporation (GEC - a subsidiary of Oman Investment Corporation) for securing no recourse financing for two of GEC’s projects totalling USD 42 million.