About Bank Muscat
Bank Muscat is a company based in Muscat (Oman) founded in 1982.. Bank Muscat has raised $194.51 million across 1 funding round from investors including International Finance Corporation. Bank Muscat has completed 2 acquisitions, including Saudi Pak Industrial And Agricultural Investment Company and Silkbank. Bank Muscat operates in a competitive market with competitors including Scotiabank, Oman Arab Bank, National Bank of Oman, Sohar International and BankDhofar, among others.
- Headquarter Muscat, Oman
- Stage Public
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$194.51 M (USD)
in 1 rounds
-
Latest Funding Round
$194.51 M (USD), Series D
Feb 20, 2013
- Investors
-
Employee Count
Employee Count
- Investments & Acquisitions
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Funding Insights of Bank Muscat
Bank Muscat has successfully raised a total of $194.51M through 1 strategic funding round. The most recent funding activity was a Series D round of $194.51 million completed in February 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series D — $194.5M
-
First Round
First Round
(20 Feb 2013)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2013 | Amount | Series D - Bank Muscat | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bank Muscat
Bank Muscat has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include International Finance Corporation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
IFC is focused on private sector development in emerging markets.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Bank Muscat
Bank Muscat has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Saudi Pak Industrial And Agricultural Investment Company and Silkbank. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Diversified financial services are offered in Pakistan since 2001.
|
2001 | ||||
|
Infrastructure fund focused on agricultural investments
|
1981 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Bank Muscat
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bank Muscat Comparisons
Competitors of Bank Muscat
Bank Muscat operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Scotiabank, Oman Arab Bank, National Bank of Oman, Sohar International and BankDhofar, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
|
|
| domain | founded_year | HQ Location |
Functions as a commercial bank providing deposits, loans, and payment services to customers.
|
|
| domain | founded_year | HQ Location |
Retail bank
|
|
| domain | founded_year | HQ Location |
Commercial banking services are offered in Oman.
|
|
| domain | founded_year | HQ Location |
Commercial banking services are offered in Oman.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Bank Muscat
Frequently Asked Questions about Bank Muscat
When was Bank Muscat founded?
Bank Muscat was founded in 1982 and raised its 1st funding round 31 years after it was founded.
Where is Bank Muscat located?
Bank Muscat is headquartered in Muscat, Oman.
Who is the current CEO of Bank Muscat?
Sheikh Waleed Khamis Al Hashar is the current CEO of Bank Muscat.
Is Bank Muscat a funded company?
Bank Muscat is a funded company, having raised a total of $194.51M across 1 funding round to date. The company's 1st funding round was a Series D of $194.51M, raised on Feb 20, 2013.
What does Bank Muscat do?
Bank Muscat was established in 1982 as a commercial bank headquartered in Muscat, Oman. Operations are maintained in Oman, Saudi Arabia, and Kuwait, with services encompassing accounts, loans, mortgages, insurance, e-banking, private banking, corporate banking, and investment options for both individuals and businesses. In 2020, annual revenues of 1.6 billion and a net profit of 446.4 million were achieved.
Who are the top competitors of Bank Muscat?
Bank Muscat's top competitors include Scotiabank, National Bank of Oman and Sohar International.
How many acquisitions has Bank Muscat made?
Bank Muscat has made 2 acquisitions, including Saudi Pak Industrial And Agricultural Investment Company, and Silkbank.
Who are Bank Muscat's investors?
Bank Muscat has 1 investor. Key investors include International Finance Corporation.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.