MUSCAT, 05 February 2019
Bank Muscat Private Equity and Asset Management Division (PEAM) marked a major milestone of crossing RO 1 billion assets under management (AUM). The division celebrated the achievement at a function attended by Sheikh Waleed Al Hashar, Chief Executive Officer, and Abdullah Al Hinai, Chief Wholesale Banking and Strategic Growth Officer.
Abdullah Al Hinai, Chief Wholesale Banking and Strategic Growth Officer, said: “Bank Muscat Asset Management is proud to achieve the RO 1 billion AUM milestone and we are grateful to all our investors for their support in realising this milestone. The achievement further strengthens PEAM’s position as the largest asset manager in Oman and among the top asset managers in the region. We have introduced a number of products with innovative features and continue to listen to our investor needs. For us, our investors always come first and we are committed to helping them achieve their investment goals.”
Bank Muscat is a pioneer in conceptualising and managing investment products for retail and institutional clients. Bank Muscat PEAM takes pride in its ability to offer its clients a wide array of structured products, hedge funds and private equity funds. PEAM has expertise in managing fixed income, public equities and private equity across Oman, GCC, India and developed markets of the US and Europe. The bank offers a wide suite of products to suit requirements of large institutional investors such as pension funds, sovereign wealth funds, global funds, high net worth individuals, corporations and other entities.
Bank Muscat is the only institution in Oman to offer Money Market Fund, International Bond Funds, Subordinated Debt Fund, Public Equity Funds, Private Equity Funds, structured products and REIT styled Real Estate Fund all under one roof; offering investment products in both Omani Riyal and US dollars.
Bank Muscat Oryx Fund is an award winning fund and is the best performing GCC fund. The Fund has a three year annualised return of 12.9% and has been outperforming its benchmark and its peer group across multiple time horizons.
Izdihar Real Estate Fund is the first REIT style Fund in Oman with a mandate to invest in income yielding real estate assets. The Fund has a three year track record and has been realszing annual distributions to investors of over 10%, far in excess of its targeted distribution rates of 7-8% p.a.; the Fund has doubled its capital through rights and private placement over 2017-18 and has currently assets in excess of RO 75 million.
The Enhanced Fixed Income Plan and Al Ghad Fixed Income Plan are targeted at investors who seek a steady fixed income return. Both bespoke solutions provide investors with steady returns through investment in global fixed income securities such as bonds and sukuk.
The India Dynamic Fund is the first Fund in the region which allows investors to benefit from the growth opportunities of Indian economy. The Fund is based in Mauritius and gives investors an easy access to the Indian markets.