MUSCAT : According to statistics issued by Credit Oman, the value of insured sales stood at RO 104 million in the first quarter of 2025, reflecting continued growth in supporting the business sector and expanding the reach of credit insurance services across exports and local sales.
Haitham bin Abdullah Al Yaqoubi, Acting CEO of Credit Oman, said the organisation continues to strengthen its efforts to promote Omani exports and help them reach markets around the world, especially in light of current regional and global conditions.
He explained that Credit Oman relies on a range of insurance services and solutions designed to help Omani exporters carry out their business deals with greater confidence by providing protection against the risks of non-payment, including delays in financial collections or buyer defaults.
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Al Yaqoubi said Credit Oman’s role goes beyond protection, as it also supports business continuity and encourages exporters and manufacturers to expand. He noted that suitable insurance coverage gives companies more confidence to make informed business decisions, whether by entering new markets or increasing existing sales volumes.
He added that this protection also helps reduce the impact of commercial and non-commercial risks that may affect business operations.
The total value of insured domestic sales within the Sultanate of Oman reached approximately RO 52.6 million during the first quarter of 2026, recording a 10 percent growth compared to the same period last year.
Meanwhile, insured Omani exports stood at around RO 54.4 million, compared to RO 56.4 million in 2025, registering a 4 percent decline.
In terms of sector-wise distribution, the manufacturing sector led the results during the first quarter, with insured sales valued at RO 99.1 million, representing 91 percent of total insured sales.
The agricultural and fisheries sector followed with RO 3.1 million, while the wholesale and retail trade and repair of vehicles and motorcycles sector recorded insured sales worth RO 3 million.
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