Sohar International teams up with BNY to strengthen investment services in Oman

By Puja Sharma

Sohar International has partnered with the Bank of New York Mellon (BNY) to strengthen its custody and asset servicing capabilities for clients in Oman. The move aims to support the growth of the country’s financial ecosystem and expand access to global markets.

As part of Oman’s broader vision to drive innovation and strengthen the country’s financial infrastructure, this relationship reinforces Sohar International’s role as a key enabler of capital market development and investment growth, aligning with the country’s Vision 2040 aspirations.

Sohar International, in its commitment to fostering a dynamic and robust financial ecosystem in Oman, has announced a strategic relationship with The Bank of New York Mellon Corporation (“BNY”), a global financial services company, to enhance its custody offering for clients in Oman. As part of its broader vision to drive innovation and strengthen the country’s financial infrastructure, this relationship reinforces Sohar International’s role as a key enabler of capital market development and investment growth, aligning with Oman’s Vision 2040 aspirations.

Commenting on the relationship, Abdulwahid Al Murshidi, Chief Executive Officer of Sohar International, said, “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 optimise their investments and navigate an increasingly complex financial landscape.”

By leveraging BNY’s financial services platforms, infrastructure, and global expertise, Sohar International will broaden its custody offering, further cementing its position as a key player in the investment banking sector.

“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,” added Hani Kablawi, Head of International, BNY. “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.”