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    BKMB   OM0000002796

BANK MUSCAT SAOG

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bank muscat SAOG : wins Best Private Bank in Oman Award from The Banker

11/30/2021 | 07:31am EST

MUSCAT, 30 November 2021
In recognition of its unique Private Banking services supported by its strong customer-centric vision, Bank Muscat has once again won the prestigious "Best Private Bank in Oman" award from Professional Wealth Management and The Banker in 2021. This year's award is a tribute to the exceptional depth and breadth of the bank's wealth-management solutions and investment options covering all types of asset classes across the globe.

Speaking on the occasion, Abdulnasir Al Raisi, Deputy General Manager - Premier Banking, Bank Muscat, said: "Bank Muscat Private would like to thank Professional Wealth Management and The Banker for consistently recognising the bank as the Best Private Bank in Oman. The bank has carved a name for itself over the last two decades with its high-end lifestyle benefits, private banking facilities and global investment options, which are unmatched in the Sultanate. This prestigious award reflects the consistency of performance, innovative strategies and the highest standards of professionalism achieved by the bank."

Bank Muscat offers Private banking clients a complete suite of investment options in global asset classes through its wealth management platform and tie-ups with international counter parties. Its robust execution platform is backed by a team of experienced and dedicated Relationship Managers (RMs) and a strong products team, which provide options to customers based on their individual preferences and market conditions. The range of solutions offered to its clients includes stocks, bonds, ETFs and mutual funds across global markets. Bank Muscat Private Banking also offers selective exposure to Private Equity Funds, Real Estate Funds and Commodity ETFs; Offshore Banking and Portfolio Management through globally reputed counterparties. Private Banking clients also receive regular research reports and briefings covering investment ideas, global macroeconomic outlook and updates on key economic and geographic events impacting performance of various asset classes.
An exclusive Private banking VISA Infinite credit card, a VISA Platinum debit card, luxury car finance and yacht finance are available for Private banking clients along with competitive rates for deposits, loans and foreign exchange. Private banking clients enjoy 1% cashback rewards on all transactions made through Private Visa Infinite credit card. The Infinite credit card also facilitates unlimited access to 1,000+ airport lounges globally, complimentary chauffeur service to and from Muscat International Airport, special offers at over 900 luxury hotels around the world, multi-trip travel insurance and access to a Global Concierge Service.

Private Banking customers are also automatically entered in all the prize draws of Al Mazyona, which has a total prize money of RO 11 million. Other services available include conventional accounts, term deposits, currency exchange, domestic and international transfers, online banking and regular asset monitoring. Bank Muscat remains committed to further expanding its innovative services for Private banking clients and providing an exclusive and unmatched banking experience. It must be noted that Bank Muscat's Private Banking has won 3 prestigious awards in 2021 in recognition of its elite Private banking services and products.

Disclaimer

Bank Muscat SAOG published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2021 12:30:02 UTC.


ę Publicnow 2021
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Sales 2021 478 M 1 243 M 1 243 M
Net income 2021 190 M 492 M 492 M
Net Debt 2021 - - -
P/E ratio 2021 10,4x
Yield 2021 5,26%
Capitalization 1 873 M 4 865 M 4 866 M
Capi. / Sales 2021 3,92x
Capi. / Sales 2022 3,72x
Nbr of Employees 3 862
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Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 0,52 OMR
Average target price 0,53 OMR
Spread / Average Target 1,91%
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Managers and Directors
Waleed Khamis Al-Hashar Chief Executive Officer
Thangavel Ganesh Chief Financial Officer
Khalid bin Mustahail Al-Mashani Chairman
Ahmed Omar Al-Ojaily Group Deputy General Manager-Technology
Fawzi Hamad Al-Kiymi Deputy General Manager-Compliance
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