Published: Jun 14, 2014
Source: Muscat Daily


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NBO to launch five new Islamic banking branches

National Bank of Oman (NBO) is planning to open five new Muzn Islamic banking branches in the sultanate, according to the bank's filing to the Muscat Securities Market on Thursday.

“The board of directors of NBO has recently approved the opening of five new Muzn Islamic banking branches in Mabela, Sur, Sohar, Salalah and Nizwa, subject to regulatory ­approvals,” NBO said in its disclosure.

These five new branches will be in addition to NBO's existing Muzn Islamic banking branch in Azaiba. The bank had opened its main Muzn Islamic banking branch in Azaiba in January last year.


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