A powerful presence in Oman, Oman Arab Bank (OAB) was established on 1st October 1984 as a closed joint stock company. The bank began its operations after acquiring the branches of Arab Bank , Plc., Jordan , which had been operating in Oman since 1973. Then in 1992, operations in the Sultanate were further expanded by the acquisition of all the retail branches of Omani European Bank, with which OAB then merged in 1994. 49% of the Bank's share capital is held by Arab Bank Plc. and the remaining 51% is held by a leading Omani investment company, Oman International Development and Investment Co. SAOG.

Date Added: Dec 19, 2007 Hits: 0 Rating: 0.00 Votes: 0