Muscat: The Board of Directors of the Central Bank of Oman convened for its second meeting of 2025 at the CBO Headquarters in the Muscat Governorate. During this meeting, the Board approved several critical documents, including the CBO’s closing accounts, the Banking Deposits Protection Scheme, and the Oman Credit and Financial Information Center (Mala’a) for 2024.

According to Oman News Agency, the Board engaged in discussions regarding the latest global and regional affairs and is actively assessing any potential impacts on Oman. The Board also examined various issues, including the financial soundness indicators of banks, the status of reserves, and the performance of the CBO’s foreign investments. Additionally, the Board reviewed a report titled ‘Prospects and Challenges of Financial Stability in the Omani Economy’ for the fourth quarter of 2024 and took stock of reports on newly licensed banks.

The Board also evaluated a report on small and medium enterprises for the period ending December 31, 2024, as well as reports on Omanization and succession planning within the banking sector. Furthermore, the Board reviewed the Omani Economic and Financial Experts Program and took stock of the Annual Report on Financial Technologies for 2024. The annual report of Oman Credit and Financial Information Center (Mala’a) and the semi-annual report on the activities of the Supreme Sharia Supervisory Board from July to December 2024 were also examined.

Finally, the Board considered a range of studies and topics listed on the agenda and made appropriate decisions on these matters.