Meethaq records new high in to­tal as­sets

Banking Frontiers - - News / Banking In The Gulf -

Meethaq, the Is­lamic bank­ing unit of Bank Mus­cat, said it has reached a key busi­ness growth mile­stone, sur­pass­ing the RO1 bil­lion mark in to­tal as­sets. Meethaq holds over 33% mar­ket share in terms of as­sets. Within four years of op­er­a­tions, it has con­sol­i­dated its lead­er­ship po­si­tion, record­ing many achieve­ments con­tribut­ing to the growth and devel­op­ment of Oman’s econ­omy. Sulaiman al Harthy, deputy CEO, Is­lamic Bank­ing at Bank Mus­cat, said in a rel­a­tively short pe­riod of four years since its in­cep­tion in 2013, Meethaq has suc­ceeded in emerg­ing as the lead­ing Is­lamic bank­ing ser­vices provider in Oman, owing to the trust and con­fi­dence re­posed by the peo­ple of Oman.

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