NBO National Bank of Oman

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Overview

NBO National Bank of Oman is Omani commercial bank + MSX: NBOB + Suhail Bahwan Group ~33.7% + Ministry of Defence Pension Fund + Civil Service Employees Pension Fund Oman major shareholders + Commercial Bank Qatar ~34.9% strategic shareholder ^{1, Oman report}.

History

1973 — National Bank of Oman founded as Oman's first commercial bank.

1989 — NBO listed on the Muscat bourse (now MSX) under ticker NBOB (Muscat Securities Market established 1988).

Apr 2005 — Commercial Bank Qatar acquires ~34.9% NBO strategic shareholder stake distinctive Qatari-Omani banking strategic alliance.

2014 — NBO Mobile Banking app launch.

Ownership & operator

Operating entity: National Bank of Oman SAOG (MSX: NBOB; Omani commercial bank).

Major shareholders: Suhail Bahwan Group (Omani conglomerate) ~33.7% + Commercial Bank Qatar (QSE: CBQK) ~34.9% strategic shareholder + Ministry of Defence Pension Fund + Civil Service Employees Pension Fund Oman + Omani retail + institutional + foreign investors.

Regulators: CBO (Central Bank of Oman).

Technical integration

NBO Mobile Banking app (iOS + Android) + nbo.om online + NBO branch network across Oman + Egypt + UAE + NBO Visa + Mastercard cards; OmanQR + Oman IBAN.

Implementations & partners

Commercial Bank Qatar strategic alliance: Commercial Bank of Qatar (CBQ) (Commercial Bank Qatar; QSE: CBQK; Qatari commercial bank + NBO ~34.9% strategic shareholder + Alternatif Bank Turkey + United Arab Bank UAE).

Major Omani banking + payments competitors: Bank Muscat (Bank Muscat; MSX: BKMB; Oman's largest commercial bank by assets) + Sohar International (Oman) (Sohar International; MSX: BKSI; Omani commercial bank post-Aug 2023 Bank Sohar + HSBC Oman merger) + Ahli Bank Oman (Ahli Bank Oman; MSX: ABOB; Ahli United Bank Bahrain parent post-2009) + Bank Dhofar (Oman) (Bank Dhofar; MSX: BKDB; Omani commercial bank) + Alizz Islamic Bank (Al Izz Islamic Bank Omani Islamic commercial bank) + Bank Nizwa (Bank Nizwa Omani Islamic commercial bank).

Regulator: CBO.

Status

Active, Omani commercial bank + MSX:NBOB + Suhail Bahwan Group ~33.7% + Commercial Bank Qatar ~34.9% strategic shareholder ^{1, 2}.

Sources

1 NBO — official
2 National Bank of Oman — Wikipedia
^{Oman report} In-corpus: reports/countries/OM-oman.md

Source

Biography extracted from nbo-oman.md. See matrix.md for standards-support matrix if present.