The partnership heralds niche Islamic investment products in Oman and further consolidates the position of Meethaq as the pioneer of unique Islamic investment and wealth management product offerings in the Sultanate,” Al Harthy said.
The growth in the balance sheet size, the lender said in a statement, was driven by the growth in customer deposits and additional long-term funding received for financing Small and Medium Enterprises.
Their solvency has improved, supported by their efforts to reduce the stock of problem loans, and by their sound profitability.
Renowned Industry Regulator H.E. Ebrahim Obaid Al-Zaabi, Director General, Insurance Authority (IA) delivered the inaugural address at the conference
La Française, majority owned by Credit Mutuel Nord Europe, held 66 billion euros in assets under management at the end of December.
QIB was recogniSed by Global Finance after detailed assessments from international bankers, corporate finance executives, financial analysts and consultants.