Bank Muscat, the flagship bank of the Sultanate of Oman, has been awarded the Best Investment Bank in Oman award by Global Finance magazine for 2021. The prestigious award recognises Bank Muscat’s market leading investment banking offerings.
Global Finance editors used a series of criteria including entries from banks, market share, number and size of deals, service and advice, structuring capabilities, distribution network, efforts to address market conditions, innovation, pricing, after-market performance of underwritings and market reputation along with inputs from industry experts to score and select winners. The magazine added that deals announced or completed in 2020 were considered for the awards.
Commenting on the achievements, Saleh Nasser al Habsi, deputy general manager, Investment Banking, said, “Bank Muscat is delighted to be ranked by Global Finance as the Best Investment Bank in Oman. The bank is synonymous with innovation, customer-centricity, agility and trustworthiness and always aims to deliver reliable, dynamic and customised solutions, which suit the unique requirements of our customers. In 2020, the bank completed a number of financial advisory and fundraising transactions for a number of prestigious clients including both the Government of Oman and large corporate entities.”
During 2020, Bank Muscat was involved in a number of transactions for the Government of Oman including a dual-tranche Rule 144A/RegS bond issuance of US$2bn and a rial denominated sovereign Sukuk issuance of RO200mn.
The bank also provided financial advisory and fund arranging services for a bridge loan facility to a leading Government Related Entity (GRE) in the electricity sector and the monetisation of an employee housing portfolio for a leading GRE.
The bank has also commenced its Fintech investments through the BM Innovate dedicated investment vehicle.
The bank prides itself in its intricate understanding of complex business requirements of its clients, offering unmatched financial expertise and guidance, innovative solutions and wide array of services for various customer needs.
The award is a tribute to the consistency of performance and innovative strategies, which have further augmented the bank’s position and reputation in a challenging market.
Bank Muscat is the market leader in financial advisory and fundraising solutions encompassing corporate finance, project finance, debt capital markets, debt refinancing and restructurings, IPOs, structured financings, quasi-equity financings, private placements, as well as mergers and acquisitions in the sultanate.
Its team comprises some of the most experienced investment bankers in Oman having a wide experience across sectors and geographies.
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