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BankMuscat (S.A.O.G) announced on 30 December 2025 that it has completed all necessary procedures for the closure of its Kuwait branch activity. This follows an earlier disclosure on 6 June 2022, which detailed the bank's intention to gradually reduce operations and fully close the branch in 2025.
| Date | 30 Dec 2025 |
| Time | 11:34:17 |
| Category | Corporate updates |
| ID | 1661N |
Date: 30 December 2025
Subject: Bank Muscat - Kuwait Branch
We refer to our disclosure dated 6 June 2022, wherein the Bank disclosed that it intends to gradually reduce the operations of its branch in the State of Kuwait with the aim of complete closure of the branch in 2025.
The Bank would like to inform the Market that it has completed all necessary procedures for the closure of its Kuwait branch activity. This step was carried out in line with the Bank's earlier commitments, in coordination with the relevant regulatory authorities. The Bank would like to take this opportunity to express its sincere thanks and gratitude to the relevant regulatory authorities for their cooperation in this regard.
Waleed K. Al Hashar
Chief Executive Officer