Creating Opportunity Where It's Needed Most
A A A share

Europe, Middle East & North Africa

Contact Information

Walid Al Murshed

Principal Country Officer

Diplomatic Quarter, UN-Building
P.O. Box 5900, Riyadh 11432
Riyadh, Saudi Arabia
+966 1 483 4956
+966 1 488 5311

IFC in Oman

IFC strategy in Oman focuses on promoting sectors with the potential to create jobs and stoke development, such as housing finance, and small and medium enterprise development.


IFC's current portfolio in Oman stands at $88.5 million. Recent investments include:

  • A $170 million investment in BankMuscat, the largest commercial bank in Oman, to help increase access to finance for small and medium enterprises. This investment was provided through the IFC Capitalization Fund, a global equity fund founded by IFC and the Japan Bank for International Cooperation.
  • Past IFC investments in the Bank Muscat include a $100 million loan to strengthen its capital adequacy and to support the growth of the bank’s long-term mortgage financing.
  • A $7 million investment in Oman ORIX Leasing to support the company’s growing operations, primarily for increased on-lending to small businesses in the country.
  • In fiscal year 2012, IFC committed $5 million trade finance guarantees. 
  • In fiscal year 2010, IFC committed over $300,000 in trade finance guarantees to Bank of Beirut.

Advisory Services

IFC advisory services in Oman focus on developing the country’s financial markets and facilitating access to finance for small and medium enterprises (SMEs). We have:

  • Worked with Bank Muscat to increase portfolio of lending to SMEs and worked with the bank on improving its risk management framework.
  • Bank Muscat also worked with IFC on piloting a project to offer Business Edge, IFC’s management training product, to local SMEs.


Stay Connected