Saturday 28 / March / 2026
Muscat: Credit Oman’s performance witnessed a growth of 3.67 percent with total exports and insured local sales reaching OMR390.2 million last year compared to OMR376.4 million in 2024.
Credit Oman reported a profit of OMR258,200 last year relying entirely on its own resources.
Haitham bin Abdullah Al Yaqoubi, Acting CEO of Credit Oman, said that the company continues its active role in supporting the development path and promoting Omani exports by aligning its efforts and programmes with the objectives of the Eleventh Five-Year Plan.
He added that these strategies are an important step towards achieving sustainable economic growth and enhancing the ability of institutions to compete in local and international markets. The total value of insured sales for exports reached OMR210 million, representing 7.8 percent of the total Omani non-oil exports insured by Credit Oman. The insured sectors included building materials, agriculture and fisheries, fast-moving consumer goods, petrochemicals/plastics, mining, ready-made garments, packaging, and other sectors. He further added that the value of insured local sales reached OMR180 million.
He explained that the total premiums underwritten for insured export and domestic sales amounted to OMR1.03 million during 2025, with the value of earned premiums for insured exports amounting to OMR590,300 Omani riyals, while the value of earned premiums for domestic sales amounted to OMR447,900.
He further said that the total number of document holders increased by 15.7 percent to reach 88 at the end of 2025 compared to 76 in 2024, reflecting increased awareness of Credit Oman’s services and their importance in reducing the risk of non-payment by buyers.
Credit insurance is a key tool for mitigating credit risks for companies. Credit Oman provides insurance services for exports and sales of all sizes—small, medium, and large companies—and for any Omani-made goods or services. Credit Oman has allocated more investments to highly liquid instruments with balanced returns, such as deposits, bonds, and company shares. The total value of its holdings reached OMR18.3 million in 2025, compared to OMR17.4 million in 2024, against an initial capital of OMR10 million, while the company’s total assets exceeded OMR20 million.
The year 2025 also witnessed a decrease in the total credit ceilings granted to policyholders for local sales to reach about OMR97.1 million compared to OMR108 million in 2024. The total credit ceilings granted for exports amounted to OMR126.7 million for 2025 compared to OMR149.6 million in 2024.
He emphasised that Credit Oman continues its strategic approach in supporting the Omani export system and enhancing local sales by providing a comprehensive range of insurance services specifically designed to meet the needs of Omani companies.
He pointed out that these solutions contribute to reducing the risks of commercial transactions, provide credit guarantees that enable exporters to contract confidently with external partners, and facilitate small and medium-sized enterprises (SMEs) to expand their customer base and stabilise their cash flows.
He noted that the impact of these programs extends beyond the local market, as they open doors to promising markets in various parts of the world.
