NO. 27


Financial and Banking News


Bank Muscat Al Ahli Al Omani Shows Strong Profit Growth, Announces SeniorBanking Management Changes

Bank Muscat Al Ahli Al Omani, which was created last year from the merger ofBank of Muscat and Bank Al-Ahli Al- Omani, has reported profits of OR3.2mn forits first full year of operation. This is an increase of 49% on the combinedprofits of the two banks during 1992. The new bank is now believed to be thebiggest in Oman according to...