Bank Muscat, the flagship financial services provider in the Sultanate, has proposed a 15.5% dividend for the year 2023. Continuing the Bank's healthy dividend payment track record the Board of Directors has proposed a 15.5% cash dividend for the year 2023. Shareholders would receive a cash dividend of OMR 0.0155 per ordinary share aggregating to OMR 116.349 million on the Bank's existing share capital.

The proposed cash dividend is subject to the formal approval of the Annual General Meeting of the shareholders and regulatory authorities.