Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- US rate cut expectations lift QSE 104 points; M-cap adds QR6.51bn
- Alkhabeer Capital, Awraaq Digital launch Block Trade Negotiation System
- AD Ports Group opens new office in Islamabad
- Oman starts work on $208m integrated tourism complex in Dhofar
- Dubai Residential REIT delivers $169m profit in H1
- Empower's H1 revenue soars to $395m; net profit up 3.4pc
- Dubai Investments posts profit before tax of $148.7m
- Gulf Bank continues driving women's empowerment with WOW program
- Petrotank to set up $133m refueling hub at Yanbu port
- KFH holds H1 2025 earnings webcast
05/08/2025 03:58 AST
Oman's central bank raised OMR33 million by way of allotting treasury bills on Monday.
The value of the allotted Treasury bills include OMR5 million, for a maturity period of 28 days. The average accepted price reached OMR99.700 for every OMR100, and the minimum accepted price arrived at OMR99.700 per OMR100. The average discount rate and the average yield reached 3.91071% and 3.92248%, respectively.
Additionally, treasury bills amounting to OMR28 million for a maturity period of 91 days was also allotted. The average accepted price reached OMR98.944 for every OMR100 and the minimum accepted price arrived at OMR98.940 per OMR100. The average discount rate and the average yield reached 4.23732% and 4.28257%, respectively.
Treasury Bills are short-term highly secured financial instruments issued by the Ministry of Finance, and they provide licensed commercial banks the opportunity to invest their surplus funds. The Central Bank of Oman (CBO) acts as the Issue Manager and provides the added advantage of ready liquidity through discounting and repurchase facilities (Repo).
It may be noted that the interest rate on the Repo operations with CBO is 5.00% while the discount rate on the Treasury Bills Discounting Facility with CBO is 5.50%.
Furthermore, Treasury Bills promote the local money market by creating a benchmark yield curve for short-term interest rates. Additionally, the Government may also resort to this instrument whenever felt necessary for financing its recurrent expenditures.
Times of Oman
| Ticker | Price | Volume |
|---|
06/08/2025
Oman's Ministry of Heritage and Tourism has announced that work has kicked off on an integrated tourism complex being set up in Salalah at a total investment of RO80 million ($208 million).
Trade Arabia
06/08/2025
The Saudi Ports Authority (Mawani) and the National Petroleum & Petrochemical Tank & Pipelines Company (Petrotank) have signed a land lease agreement to establish an integrated ship refueling centre
Trade Arabia
06/08/2025
The "Tatweer" platform of the Ministry of Housing and Urban Planning has launched 14 agricultural and commercial investment opportunities across several wilayats in North Al Sharqiyah Governorate. <
Times of Oman
06/08/2025
Saudi Arabia's non-oil business activity continued to expand in July, even as growth momentum softened, with the Purchasing Managers' Index easing to 56.3, down from 57.2 in June, a market tracker sh
Arab News
06/08/2025
Saudi Aramco is pressing ahead with one of its most ambitious energy initiatives to date: the development of the Jafurah unconventional gas field, the largest of its kind in the Middle East, as part
Asharq Al Awsat
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia