Oman’s Sohar International has announced a strategic relationship with The Bank of New York Mellon Corporation (BNY), a provider of financial services, to enhance its custody offering for clients, contributing to the growth of Oman’s financial ecosystem.
This announcement strengthens Sohar International’s role as a key enabler of capital market development and investment growth, aligning with the goals of Oman Vision 2040.
Abdul Wahid Al Murshidi Acting CEO – Sohar International
“At Sohar International, we are dedicated to advancing Oman’s financial sector by offering cutting-edge investment banking solutions tailored to our clients’ evolving needs. This relationship with BNY represents a significant milestone in enhancing our custody and asset servicing capabilities. By integrating BNY’s world-class infrastructure and expertise, we can provide seamless access to international markets, empowering clients to optimize their investments and navigate an increasingly complex financial landscape. This commitment underscores our unwavering focus on innovation and excellence while reinforcing Oman’s position as an emerging hub for capital market growth. We look forward to working closely with BNY to deliver market-leading financial solutions to investors and institutions in Oman.”
By harnessing BNY’s financial services platforms, infrastructure, and global expertise, Sohar International will enhance its custody offering, reinforcing its position as a key player in the investment banking sector.
For over years, BNY has played a key role in fostering financial growth, facilitating access to global markets, and supporting the evolution of capital markets within the GCC. This relationship combines Sohar International’s regional expertise and BNY’s global capabilities, strengthening Oman’s financial landscape and expanding investment opportunities for institutions in the region.
“Building on our rich heritage in the Middle East, we are thrilled to deepen our relationship with Sohar International and support the growth of Oman’s capital markets. Sohar International is a trusted partner in Oman’s economic advancement bringing a wealth of experience in the nation’s financial ecosystem. Bringing together Sohar International’s local and regional expertise in banking with BNY’s global platform capabilities will enable us to evolve our collective offering and help leading institutions in Oman to continue driving growth,” added Hani Kablawi, Head of International, BNY.
Sohar International remains dedicated to enhancing Oman’s financial services sector by launching cutting-edge solutions, expanding investment capabilities, and fostering a more sophisticated capital market environment. Through strategic collaborations, digital advancements, and customer-centric financial solutions, Sohar International continues to drive economic growth and positions Oman as an emerging hub for financial excellence.
