Bank Muscat Unveils $390M Investment Fund for GCC Banks
The Central Bank of Oman (CBO) has granted in-principle approval for the establishment of the SIP.
By Inc.Arabia Staff
Bank Muscat, Oman's largest financial institution, has unveiled plans to establish a strategic investment portfolio (SIP), earmarking an allocation of up to $390 million for investments in the GCC banking sector.[1]
The Central Bank of Oman (CBO) has granted in-principle approval for the establishment of SIP, set to operate as a wholly-owned subsidiary of Bank Muscat.
The fund's strategy involves targeted investments in select GCC banks listed on stock exchanges, aligning with the broader growth trajectory of the regional banking sector.
Bank Muscat aims to capitalize on the anticipated growth within the regional banking sector.
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