Sohar International Bank to commence operations in Riyadh

Sohar International Bank, a leading Omani bank, has received a no objection letter from the Saudi Central Bank (SAMA) to commence operations in Riyadh, the Kingdom of Saudi Arabia. This is a significant milestone for the bank, as it marks its expansion into the largest GCC economy. Sohar International’s branch in Riyadh will offer a […]

Oman backs unified GCC tourist visa: Ministers set Dec deadline

Oman hosted the recently concluded seventh meeting of GCC ministers of tourism at the Oman Across Ages Museum in Manah on Thursday. The meeting saw ministers of the Gulf countries agree to submit their views on a proposed unified GCC tourist visa to the GCC Secretariat General by the end of December 2023, reported state-run Oman […]

Oman’s OQ Gas Networks expected to price IPO at top of range

Oman’s OQ Gas Networks (OQGN), the pipeline business of state oil giant OQ, is expected to price its $771m initial public offering (IPO) at the top of the marketed range, according to terms seen by Reuters. Orders below 140 Omani baisas ($0.36) per share risk missing out on the deal, one of the banks on […]