The roadshow visited key global financial centres, including Dubai, Abu Dhabi, Hong Kong, Singapore and London. National Bank of Oman mandated Credit Agricole, HSBC, National Bank of Abu Dhabi, and Standard Chartered to coordinate appointments with leading financial institutions in each country.
The global roadshow enhanced National Bank of Oman’s visibility among the international investment community, providing a platform for the management to share the bank’s overall growth story and future development plans. Following its Moody's A3 credit rating on September 5, the bank can issue notes up to $600 million under the terms of its Euro Medium-Term Note (EMTN) programme.
“The investor roadshow is an important milestone for National Bank of Oman as we move forward with our robust growth strategy,” said Ahmed Al Musalmi, Chief Executive Officer of National Bank of Oman. “The opportunity to meet leading financial institutions in Dubai, Abu Dhabi, Hong Kong, Singapore and London helped to increase the Bank’s visibility globally.”
Established in 1973, National Bank of Oman has total assets of US$9.1 billion (as at June 30, 2014) and Net Profit of US$60 million for the first six months of 2014. With approximately 400,000 individual customers, and 18,000 corporate clients, Oman’s first local commercial bank is a well-established brand across the MENA region.
As well as providing retail banking services, National Bank of Oman also operates an active Project Finance division which has a strong track record leading, arranging and financing major projects of national importance in Oman. Over the past three years, the Bank has committed over US$1 billion supporting projects in the Sultanate across various sectors, including the Sohar Refinery Project, Octal Chemicals and the development of the Kempinski Hotel.
Additionally, the Bank was the first to launch a Shari’a-compliant window in Oman in 2013. Muzn Islamic Banking has opened two new branches in 2014 as deposits grew by 21.9% between December 2013 and July 2014.
