Date: 12/12/2019
Bank Muscat Obtains Regulatory Approval for Fintech Investments
Bank Muscat would like to notify the market that it has received regulatory approval to start a Fintech investment program of USD 100 Million (approximately RO 38.5 Million). The investment will be gradual over the next few years and will be managed in line with the bank's investment and risk management policies. This initiative is part of the bank's strategic growth plans and efforts to provide added value to the bank's shareholders and the banking services sector.
Abdulla Zahran Al Hinai
Chief Wholesale Banking and Strategic Growth Officer
