MUSCAT: Bank Muscat held its Annual Ordinary General Meeting (AGM) and Extraordinary General Meeting (EGM) of the Bank’s shareholders on Tuesday, March 17th, 2026, through the electronic platform of Muscat Clearing and Depository’s website. Both meetings were presided over by Sheikh Khalid bin Mustahail Al Mashani, Chairman of the Bank’s Board of Directors, in the presence the Board’s members, the executive management and a number of shareholders.
During the meetings, the shareholders approved the recommendation to distribute cash dividend of 18 Baiza for each share for the financial year ended 31st December, 2025. The shareholders also discussed and approved the report of the Board of Directors for the financial year ended 31st December, 2025. Moreover, the statutory auditors for the Bank and the external independent Sharia auditors for Meethaq, the Islamic banking window of the Bank were appointed for the financial year ending 31st December, 2026.
The shareholders also approved the proposed increase of the authorized share capital of the Bank from 1 800,000,000/- (Omani Rials Eight hundred million) to 1 1,200,000,000/- (Omani Rials One billion and two hundred million) and amended the Articles of Association accordingly.
Read More
- With the new school year approaching, plan for your child’s education with BankDhofar
- Nifty, Sensex end lower as Iran sanctions, high crude and rising bond yields weigh on sentiment
- Oman oil price falls $2.22 to $97.39 per barrel
- Meethaq Islamic Banking Platinum Sponsor of the 16th National General Assembly for Medical Students
- Oman FSA issues new regulation on insurance loss assessment
Speaking on the occasion, Sheikh Khalid bin Mustahail Al Mashani, the Chairman of the Board of Directors of Bank Muscat, expressed his appreciation and gratitude to the shareholders, customers and partners for their continuous support and trust in the Board of Directors and the Bank’s outstanding performance in delivering sustainable banking solutions that meet the evolving needs of customers. He reaffirmed that Bank Muscat is committed to investing in cutting-edge technologies and improving efficiency to offer greater value to customers. Simultaneously, the Bank prioritizes competitiveness and implement best practices and products to cater to diverse segments, ensuring that it remains at the forefront of delivering high-quality products and services.
The Bank posted a net profit of 1 255.54 million for the period compared to 1 225.58 million reported during the same period in 2024, an increase of 13.3 per cent.
