September 02, 2014 8:45 PM ET

Banks

Company Overview of Meethaq

Company Overview

Meethaq provides commercial and personal banking services. The company is based in Oman. Meethaq operates as a subsidiary of BankMuscat SAOG.

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Oman

Key Executives for Meethaq

Meethaq does not have any Key Executives recorded.

Meethaq Key Developments

Meethaq Plans to Extend its Network to 15 Branches in 2014

Meethaq plans to extend its network to a total of 15 branches in 2014. Meethaq plans to open branches in all the major cities and towns in the sultanate. The extraordinary general meeting of Bank Muscat shareholders approved the setting up of the OMR 500 million Meethaq Sukuk Programme for the issuance of sukuk by Meethaq in various tranches in the Muscat Securities Market and the international markets through a public subscription or private placement. The Meethaq Sukuk Programme is subject to final approvals from the Central Bank of Oman and the Capital Market Authority.

Meethaq Branches to Open in Ibri and Ibra

Meethaq will open two more branches in a month's time. This is in line with the Meethaq's efforts to enhance its reach and branch network where Meethaq services will be available across the Sultanate. This will also help raise finances to fund the portfolios it has signed in 2013. Meethaq portfolio for financing projects signed in 2013 stood up at OMR 280.

Meethaq to Open Branch in Buraimi

Meethaq will open a branch in Buraimi on January 6, 2013 as part of its strategy to widen its network across the sultanate. The new branch is designed to create a unique ambience and banking environment in line with Meethaq's brand values of true partnership, transparency and trust. Meethaq plans to open branches in all major cities and towns across Oman.

Similar Private Companies By Industry

Company Name Region
Standard Chartered Bank, Oman Middle East/Africa
Meethaq Middle East/Africa
Oman Housing Bank S.A.O.C. Middle East/Africa
Oman Arab Bank, SAOC Middle East/Africa

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