Securities & Investment Company (SICO) has released a detailed report on Oman’s banking sector, initiating coverage on the five leading banks in the country. Bank Muscat and Ahli Bank were rated as “Over-weight” presenting upsides of 30% and 26% respectively from the current market prices. However, coverage of National Bank of Oman (NBO), Oman International Bank and Bank Dhofar was initiated with a “Neutral” rating.

The report is available in the Research section on www.sicobahrain.com

To read the entire press release in English, please click here.
The Arabic version is available here.