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- Stocks gain as traders bet on interest rate moves
- Bleak end to the year as German business morale drops
- Dubai inflation eases to 2.7% in November
- Oman advances national halal system to boost export competitiveness
- Oman launches RO150mn sukuk issuance
- Tourism Projects Worth $9 Billion Being Implemented in Saudi Arabia's Eastern Province
- Closing Bell: Saudi main index closes in red at 10,414
- QIIB lists 1st Islamic sukuk in QSE history
- stc signs five-year deal with Ericsson to advance Saudi digital infrastructure
- Sharjah National Oil Corporation advances vision for energy future leveraging RISE with SAP
17/01/2018 06:09 AST
National Bank of Oman (NBO) said that its net profit for 2017 stood at OMR44 million, down from OMR55.8 million posted in the previous year. The bank's loans, advances and financing activities for customers edged down by 0.6 per cent to OMR2,653.9 million in 2017, against OMR2,670.3 million for the previous year, according to a disclosure statement posted on the MSM website.
Customer deposits rose by 2.6 per cent to OMR2,461.3 million from OMR2,399.4 million during the period under review.
Interest income and income from Islamic financing fell by 8.5 per cent to OMR92.9 million in 2017, from OMR101.6 million for the previous year.
The financial results are subject to the approval of external auditors, board of directors, Central Bank of Oman and the shareholders of the bank.
Times of Oman
24/11/2025
The National Bank of Oman (NBO) has successfully completed the issuance of its Additional Tier 1 (AT1) capital securities in Regulation S format, securing a strategic transaction that drew strong int
Muscat Daily
23/02/2018
Ahmed bin Jaffar Al Musalmi, Chief Executive Officer of the National Bank of Oman (NBO), has resigned from his post, the bank confirmed on Thursday.
In a statement released online, the ban
Times of Oman
30/01/2018
National Bank of Oman's board has recommended a cash dividend of 15 per cent and a stock dividend of 5 per cent.
The stock dividend is equivalent to one share for every 20 shares held, acc
Times of Oman
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18/12/2025
Qatar International Islamic Bank (QIIB) listed its sukuk on the Qatar Stock Exchange (QSE) Wednesday, marking a landmark milestone as the first Islamic sukuk to be traded in the QSE's history.
Gulf Times
18/12/2025
stc Group, a leading digital enabler in Saudi Arabia, has signed a new five-year master frame agreement (MFA) with Ericsson to accelerate the delivery of advanced digital infrastructure and boost tec
Trade Arabia
18/12/2025
Tabreed, the world's leading district cooling company, has announced a new sustainability partnership with Sparklo, a UAE-based cleantech company building smart recycling infrastructure.
Th
Trade Arabia
18/12/2025
Action Energy Company (AEC), a leading Kuwaiti onshore drilling and oilfield services provider, said it has successfully commenced trading on Boursa Kuwait's Premier Market following the completion o
Trade Arabia
17/12/2025
Gulf Bank announced the graduation of the first cohort of its Risk Management Academy, launched in collaboration with Gulf University for Science and Technology (GUST), marking a step that reflects t
Kuwait Times
Financial Information Co.
Saudi Arabia