Ahlibank Gets CMA Licence For Additional Activities

The Capital Market Authority (CMA) has granted a licence to Ahlibank to carry out additional investment-banking activities.

In a disclosure to the Muscat Securities Market (MSM) on Wednesday, Ahlibank said the additional activities for which the bank has been granted a licence include issuance of structured instruments, portfolio management, managing investment funds and issue management.

Last year, Ahlibank had acquired the Middle East Brokerage Company (MEBC) to expand into the investment banking and brokerage business.

Muscat Daily