Brokerage Business

Brokerage Business

BankMuscat would like to inform the market that it has sold its Oman based brokerage business to Gulf Baader Capital Markets SAOC, a leading brokerage firm in Oman. The decision to sell this business is a result of the Bank's ongoing review of strategic alternatives and operational priorities. The bank muscat brokerage will cease to operate from February 10, 2015. All brokerage customers are being notified and suitable processes are in place to facilitate a smooth migration. The sale has no material impact on other existing operations of the bank which continue in the normal course.