Bank Nizwa SAOG provides various banking products and services to individuals, small and medium enterprises, corporate and commercial clients, and government entities. The company operates in three segments: Retail Banking, Corporate Banking, and Treasury and Investment Banking. It offers personal banking products and services, including current, savings, and Mudaraba investment accounts; personal, auto, and property financing products, as well as commercial finance for individuals; and debit and credit cards. The company also provides corporate and commercial banking products and services comprising Murabaha facility to finance the purchase of goods required by corporates; Ijara facility for medium to large company expenditures; trade services products, such as imports, exports, guarantees, and trade finance; Islamic project finance solutions; and current accounts, and Mudaraba or Wakala investment accounts. In addition, it provides international banking services, including the issuance of letters of credit; confirmation of letters of credits in favor of Omani Corporates; issuance of letters of guarantee against the counter-guarantee of its correspondent banks; remittances to bank or non-bank beneficiaries; syndications with other financial institutions; import trade facilities; and pre-export financing for financial institutions. Further, the company offers treasury and investment banking products and services, such as money market and foreign exchange, Islamic liquidity and market risk management, and market research services, as well as asset management corporate advisory and investment products to high net worth individuals and institutional clients. It operates a network of 11 branches in the Sultanate of Oman. The company was founded in 2012 and is based in Muscat, the Sultanate of Oman.
