No. 29



Bank Muscat Al-Ahli Al-Omani Reports Good 1995 And Is Bullish For 1996

Oman's largest bank, Bank Muscat al-Ahli al-Omani, has announced a further profits increase for 1995. Net income grew 19% to OR6.8mn, although the cash dividend has been reduced slightly from the 1994 level. Officials at the bank say that they are budgeting for a hefty 20% increase in profits in 1996, mainly through further asset growth. They say that Bank Muscat al-Ahli al-Omani...