Latest news with #ahlibank
Zawya
2 days ago
- Business
- Zawya
Ahlibank demonstrates market leadership in DCM with successful oversubscription of United Finance Company's senior bond issuance
Muscat: Reinforcing its position as a leading player in the Sultanate of Oman's debt capital markets (DCM), ahlibank has successfully acted as Issue Manager for the OMR 15 million senior bond issuance by United Finance Company (UFC), comprising a base issue of OMR 10 million and a fully exercised greenshoe option of OMR 5 million. The transaction had a novel structure of being the first senior bond issuance by a Finance and Leasing Company (FLC) in recent years. This structure enabled the three-year issuance to price competitively at a coupon of 7.00% pa. Commenting on the success, Hanaa Al Kharusi, Senior General Manager, Wholesale Banking at ahlibank said, 'We continue to remain the #1 issue manager for fixed income issuance for private issuers on the Muscat Stock Exchange. At ahlibank, we remain committed to empowering Omani corporates through bespoke capital-raising strategies that are both efficient and market-responsive. The successful execution of this bond issuance underscores our advisory strength, our distribution expertise, and our ability to navigate market dynamics with precision, positioning ahlibank as a trusted partner in accelerating corporate growth through capital market access.' The issuance garnered robust investor interest with total demand of OMR 17.2 million, reflecting a 1.7x oversubscription underscoring ahlibank's capability in structuring and delivering high-impact capital market transactions. The private placement received over 60 applications, representing the highest level of investor participation for any comparable corporate bond issuance in recent years. This issuance was ahlibank's fourth bonds issuance in the FLC sector with all four issuances achieving oversubscription. The strong momentum surrounding the offering illustrates growing market confidence—not only in the issuer, but also in ahlibank's execution expertise and market-readiness. Notably, the transaction drew a well-diversified investor base, with participation from high net worth individuals, banks, government entities, corporates and asset managers. The diversity of this participation is a direct reflection of ahlibank's ability to deliver well-structured investment opportunities that resonate across stakeholder segments. Meanwhile, the depth of engagement reaffirms the bank's standing as a trusted financial intermediary within Oman's evolving capital markets landscape. The successful closure of this issuance further solidifies ahlibank's position in the investment banking space, reinforcing its long-term strategic objective of diversifying revenue streams and deepening its leadership in Oman's capital markets. Beyond its institutional significance, the transaction also serves as a market catalyst, demonstrating the viability of capital market instruments as an effective financing avenue for corporates, particularly those within the non-bank financial sector. As ahlibank continues to strengthen its investment banking capabilities, the bank remains committed to fostering a resilient, innovation-led capital market ecosystem that contributes meaningfully to Oman's long-term economic diversification agenda.
Zawya
3 days ago
- Business
- Zawya
Ahlibank rolls out ahlinext, a child-focused banking app to foster financial awareness
Muscat: In line with its commitment to advancing financial literacy and driving forward-thinking innovation, ahlibank has launched ahlinext, a first-of-its-kind, end-to-end child banking application in the Sultanate of Oman. Crafted to resonate with the aspirations of a younger generation, ahlinext represents a transformative step in raising financial awareness from an early age, empowering children to develop smart money habits while equipping parents with meaningful tools to nurture responsible financial behavior. With a youthful and engaging interface tailored to capture young minds, the app delivers substantive educational value in a format that aligns with modern family dynamics. In doing so, it reinforces ahlibank's broader vision to contribute to the social and economic priorities of Oman Vision 2040 through technology-led, future-focused initiatives. As a dynamic and intuitive platform, ahlinext seamlessly blends interactive learning with purposeful functionality. Children can complete assigned chores and earn rewards, request money that parents can review and approve within the app, and manage their allowances through structured transfers and card wallets; all within a secure, parent-controlled environment. With customizable settings for each child, parents gain full visibility and flexibility, enabling instant updates and tailored controls that adapt to individual needs. The app also offers statement tracking to help children visualize their spending habits and develop a sense of accountability. The ahlinext app is designed to be very agile and progressive in nature – in the upcoming planned updates there will be a heavy emphasis on enhancing financial literacy for kids, as well as providing them with the necessary tools to be in control of their finances and money management. Through ahlinext, ahlibank reaffirms its role as a catalyst for innovation with social relevance, bridging the gap between today's banking and tomorrow's needs. As the financial landscape evolves, the bank continues to invest in solutions that prepare the next generation for a future where knowledge, responsibility, and confidence form the cornerstones of financial well-being.
Zawya
4 days ago
- Business
- Zawya
Strengthening financial access in key industrial areas: ahlibank opens Rusayl branch
Muscat: In line with its strategic agenda to broaden its nationwide footprint and strengthen its presence across key areas, ahlibank recently inaugurated its newest branch in Rusayl. This achievement embodies the bank's commitment to enhancing access to its services and products, while offering financial solutions that meet the growing needs of individuals and enterprises alike. As part of a wider network expansion initiative, the Rusayl branch reinforces ahlibank's mandate to serve high-potential locations while further advancing the bank's customer-centric growth trajectory. Commenting on the inauguration, Muneer Al Balushi, AGM Head of Retail Distribution in ahlibank, stated, 'Rusayl is a dynamic industrial enclave, home to a diverse cluster of companies that form a vital part of Oman's economic backbone. The rationale behind selecting Rusayl for our latest branch stems not only from its strategic commercial significance, but also from the growing appetite for principled, value-centric banking solutions among both individuals and businesses in the area. At ahlibank, we believe that easy access to banking services and products is a catalyst for building comprehensive financial systems in which economic development is in harmony with the needs of society. By establishing our presence in Rusayl, we are also affirming our role in supporting regions that fuel national development. This new branch represents a tangible translation of this commitment, as it combines financial integrity with easy access to services for the communities we seek to empower.' The opening of the Rusayl branch enhances ahlibank's ability to serve clients with greater proximity and responsiveness, enabling them to access comprehensive financial services closer to where they live and work facilitating greater immediacy, in-person support, and operational ease across both personal and business banking needs. The branch is equipped with state-of-the-art infrastructure, fully aligned with the bank's service excellence standards, and features a knowledgeable team of professionals who bring with them deep market understanding and cultural insight ensuring clients receive guidance that is both technically sound and contextually relevant. From current and savings accounts to personal, home, and auto financing, as well as SME and commercial funding, investment solutions, credit card facilities, and corporate banking services, the Rusayl branch delivers the full suite of financial offerings. On the institutional side, it also addresses trade finance requirements, including letters of credit and guarantees, designed to meet the evolving needs of businesses across all scales. In doing so, the branch not only expands access to specialized financial solutions but also reinforces ahlibank's position as a trusted enabler of sustainable, values-driven economic progress across the Sultanate. As ahlibank accelerates its network expansion strategy, the bank remains focused on aligning its physical presence with Oman's evolving economic priorities. By combining tailored financial solutions with localized expertise, ahlibank continues to play a vital role in advancing national development objectives while further reaffirming its position as a provider of excellence in banking services.
Zawya
5 days ago
- Business
- Zawya
Oman: ahlibank successfully leads $259mln Sovereign Sukuk Issuance with 2.6 times oversubscription
Muscat: Demonstrating its growing leadership in Oman's capital markets, ahlibank, together with its Islamic window ahli islamic, has successfully led the issuance of an OMR100 million Sovereign Sukuk for the Government of Oman, in collaboration with other local institutions. The transaction, which closed on 4 June 2025, was significantly oversubscribed by 2.6 times, with the final orderbook reaching OMR260 million. Through a well-executed investor engagement strategy, ahlibank was able to tighten the average yield to 4.625%, lower than the initially set profit rate of 4.65%, thereby securing optimal pricing and outcomes for the Ministry of Finance. This transaction marks a major milestone for ahlibank as it represents the bank's first sovereign Sukuk issuance mandate from the Ministry of Finance. Executed in under two weeks, the issuance highlights ahlibank's strong institutional relationships and its capacity to mobilise the market swiftly and efficiently. The Sukuk attracted robust demand from a diverse investor base, including retail investors, conventional and Islamic banks, insurance companies, and pension funds. The robust investor response underscores the market's strong confidence in the Government of Oman's fiscal discipline, prudent economic policies, and stable macroeconomic framework. Led by ahlibank's Corporate Finance expertise, this issuance reinforces the bank's strategic role in supporting the government's funding objectives and contributing to the ongoing development of Oman's capital markets. In a statement on the successful issuance, Hanaa Al Kharusi, Senior General Manager, Wholesale Banking at ahlibank, commented: 'We are pleased to have partnered with the Ministry of Finance on this landmark issuance, which reflects our deep market expertise and strong execution capabilities. This successful transaction further solidifies ahlibank's position as a trusted advisor in the Islamic capital markets and underscores our strategic focus on supporting national funding objectives. It also reinforces our commitment to building long-term partnerships with key government entities, paving the way for future collaborations that contribute to the continued development of Oman's financial sector.' This achievement further positions ahlibank as a dependable partner for large-scale public issuances and demonstrates its ability to deliver timely and impactful results in a dynamic market environment. © Muscat Media Group Provided by SyndiGate Media Inc. (
Zawya
6 days ago
- Business
- Zawya
Ahlibank successfully leads OMR 100mln sovereign sukuk issuance with 2.6x oversubscription
Muscat: Demonstrating its growing leadership in Oman's capital markets, ahlibank, together with its Islamic window ahli islamic, has successfully led the issuance of an OMR 100 million Sovereign Sukuk for the Government of Oman, in collaboration with other local institutions. The transaction, which closed on 4 June 2025, was significantly oversubscribed by 2.6 times, with the final orderbook reaching OMR 260 million. Through a well-executed investor engagement strategy, ahlibank was able to tighten the average yield to 4.625%, lower than the initially set profit rate of 4.65%, thereby securing optimal pricing and outcomes for the Ministry of Finance. This transaction marks a major milestone for ahlibank as it represents the bank's first sovereign Sukuk issuance mandate from the Ministry of Finance. Executed in under two weeks, the issuance highlights ahlibank's strong institutional relationships and its capacity to mobilize the market swiftly and efficiently. The Sukuk attracted robust demand from a diverse investor base, including retail investors, conventional and Islamic banks, insurance companies, and pension funds. The robust investor response underscores the market's strong confidence in the Government of Oman's fiscal discipline, prudent economic policies, and stable macroeconomic framework. Led by ahlibank's Corporate Finance expertise, this issuance reinforces the bank's strategic role in supporting the government's funding objectives and contributing to the ongoing development of Oman's capital markets. In a statement on the successful issuance, Hanaa Al Kharusi, Senior General Manager, Wholesale Banking at ahlibank, commented: 'We are pleased to have partnered with the Ministry of Finance on this landmark issuance, which reflects our deep market expertise and strong execution capabilities. This successful transaction further solidifies ahlibank's position as a trusted advisor in the Islamic capital markets and underscores our strategic focus on supporting national funding objectives. It also reinforces our commitment to building long-term partnerships with key government entities, paving the way for future collaborations that contribute to the continued development of Oman's financial sector.' This achievement further positions ahlibank as a dependable partner for large-scale public issuances and demonstrates its ability to deliver timely and impactful results in a dynamic market environment.
