The Sultanate of Oman launched the first specialized investment bank wholly owned by the government. The new government bank was inaugurated after obtaining the necessary licenses from the Central Bank of Oman and the General Authority of the Capital Market (French) The bank intends to provide banking services and regional products to local and international investors, with a special focus on companies investing in emerging markets.
Chairman of the Board of Directors of the Oman Investment Bank, Abdul Salam bin Muhammad Al-Murshidi, believes that the new bank will have a significant positive impact on the investment environment in the Sultanate.