Bank Muscat, the leading financial services provider in the Sultanate of Oman, has been awarded 3 prestigious accolades by Asian Banking and Finance. The awards include Innovative Deal of the Year (Oman), Mergers and Acquisitions Deal of the Year (Oman) and Corporate & Investment Bank of the Year (Oman). The awards are a tribute to the innovative funding solutions delivered by the investment banking team of the bank to its clients on a consistent basis across market cycles.
The bank is a market leader in financial advisory and fundraising solutions encompassing corporate finance, project finance, debt capital markets, debt refinancing and restructurings, IPOs, structured financings, quasi-equity financings, private placements, as well as mergers and acquisitions in the Sultanate. Its team comprises some of the most experienced investment bankers in Oman having a wide experience across sectors and geographies. The bank prides itself in its intricate understanding of complex financing requirements of its clients, offering unmatched financial expertise and guidance, innovative funding solutions and a wide array of services for various customer needs.
Speaking about the unique achievement, Saleh Nasser Al Habsi, Deputy General Manager, Investment Banking, said: "Bank Muscat is delighted to win these 3 prestigious awards from Asian Banking and Finance, which recognises the innovative funding solutions and consistent delivery of financial advisory and fundraising mandates by the bank. As the preferred "go-to" deal maker and financial advisor for many prestigious clients including the Government of Oman and large corporate entities, we are privileged and are focused on further improving upon the high standards of professionalism achieved by the bank and deliver customised and executable solutions for our customers' unique needs."
Bank Muscat has the largest banking network in Oman and enjoys a 35 per cent market share in Oman, with assets over US$ 32 billion. The bank has an extensive network of correspondent banking relationships across the world, which is instrumental in channelising trade business and raising funds on favorable financing terms from lenders in the GCC, Europe, USA, Asia and Africa. It completed a number of financial advisory and fundraising transactions in the first half of 2021 with an aggregate value of c. US$ 4.5 billion, including a sovereign syndicated term loan facility and a sovereign Sukuk.
Bank Muscat's customer-centric vision, pioneering sustainability initiatives and the adoption of global best practices in the bank's pursuit of overall excellence resulted in numerous accolades and awards in the past. It must be noted that earlier in June 2021, Bank Muscat was recognised as one of the "Top 100 Companies in the Middle East" and also as one of the "Top 50 banks in the region" by Forbes Middle East. The bank has won a number of awards from prestigious international publications like Global Finance, Euromoney, The Banker and EMEA Finance across its different lines of business. It has also been ranked previously as the Safest Bank in Oman by Global Finance in its rankings of the Safest Banks in 112 countries worldwide.