Oman Arab Bank highlights ongoing strategic initiatives and future plans

23/10/2025 06:03 AST

Oman Arab Bank (OAB) on Wednesday held a discussion session at its Muscat headquarters on Wednesday, bringing together media representatives for an open dialogue moderated by CEO Sulaiman al Harthi. The session focused on the bank's ongoing initiatives and strategic direction for the coming period, highlighting the successes it has achieved in recent years.

Addressing the session, Harthi affirmed OAB's commitment to fostering innovation, expanding its exceptional customer experience, and achieving sustainable growth.

He emphasised the importance of maintaining momentum in a dynamic economic environment while adhering to Oman Vision 2040, which has become a roadmap for the future Omanis aspire to. He explained that the bank's efforts focus on enhancing digital capabilities, supporting national talent, and improving the efficiency of operational processes in line with the highest international standards.

Harthi said: "At Oman Arab Bank, we believe that progress is built on trust, innovation, and partnership. Our initiatives are not only aimed at achieving sustainable financial performance, but also at empowering our shareholders, customers, employees, and communities. This panel discussion reflects our commitment to transparency and our dedication to maintaining an open dialogue with the media and the public, whom we consider the cornerstone of our ongoing success."

He added that OAB's priorities include expanding digital services, promoting financial inclusion, and consolidating its position as a trusted banking partner for both individuals and companies.

Following its recent capital increase of RO50mn and strong performance in recent months, the bank will continue to explore new opportunities for cooperation and investment, in line with its long-term development goals. The meeting also highlighted the bank's role in supporting national development efforts through financing solutions for key sectors, comprehensive community programmes, and partnerships that foster innovation within the national financial system.

In parallel, OAB continues to strengthen its role as a key financial enabler across all segments of the economy, from major corporates and SMEs to entrepreneurs through its Tumouhiprogramme. Tumouhi provides small businesses with access to financing, mentorship, and digital banking tools, reflecting the bank's commitment to supporting sustainable growth within Oman's private sector.

OAB has also partnered with Oman Housing Bank (OHB) to enhance access to affordable housing finance through the national Iskan programme, while continuously expanding its lending capabilities to meet the evolving needs of individuals and businesses alike.

Muscat Daily