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Investor Relations Message
Welcome to Sohar International Investor Relations website.
At Sohar International, we are committed to driving sustainable growth and creating lasting value for our shareholders. With a clear vision, innovative solutions, and disciplined execution, we are positioned to seize opportunities in a rapidly evolving market. Our strong financial foundation, strategic initiatives, and dedication to transparency ensure that we remain a trusted partner to our investors and stakeholders.
Thank you for your continued support as we work together to achieve long-term success.
Investor Relations Calendar
This section details Investor events and presentation summaries that have been held since 2023 and upcoming events.
| Date | Event | Event Type | Status | Available Material |
|---|---|---|---|---|
| 15 Jan 26 | Initial Unaudited Preliminary Financials for the Year ended on 31 Dec 2025 | Results | Upcoming | N/A |
| Date | Event | Event Type | Status | Available Material |
|---|---|---|---|---|
| 15 Oct 25 | Initial Unaudited Preliminary Financials for the Period ended on 30 Sep 2025 | Results | Upcoming | N/A |
| Aug 25 (TBC) | MSX Discussion session – H1 2025 | Investor event | Upcoming | N/A |
| 15 Jul 25 | Initial Unaudited Preliminary Financials for the Period ended on 30 Jun 2025 | Results | Upcoming | N/A |
| 15 Apr 25 | Initial Unaudited Preliminary Financials for the Period ended on 31 Mar 2025 | Results | Concluded | N/A |
| Apr 25 (TBC) | MSX Discussion session – Annual 2024 | Investor event | Concluded | N/A |
| Mar 25 (TBC) | CBO’s approval for financial statements and dividend distribution for the year ended 31st of December 2024 | Results | Concluded | N/A |
| Mar 25 (TBC) | Annual General Meeting | Investor event | Concluded | N/A |
| Jan 25 (TBC) | BoD's approval of Financial Statements and Proposal for Cash Dividends | Results | Concluded | N/A |
| 15 Jan 25 | Initial Unaudited Preliminary Financials for the Year ended on 31 Dec 2024 | Results | Concluded |
Notes:
- For historical IR events prior to 2023, please refer to the MSX website: Muscat Stock Exchange (msx.om)
- The events listed in this calendar are not exhaustive and are subject to change.
Sohar International at a Glance
Latest Financials Results (Unaudited)
December 2024 – In USD
260
mn
Net Profit
19,119
mn
Total Assets
11,090
mn
Net Loans & Advances
15,005
mn
Customer Deposits
12.5%
Return on Equity Ratio
73.9%
Loan to Deposit Ratio
40.2%
Cost-to-Income Ratio
1,548
Employees
75
Branches
54 - Commercial Banking
20 - Islamic Banking
1 - KSA Branch
Historical Financial Result
| In RO ‘000 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Operating Income | 163,407 | 132,846 | 110,664 | 91,985 | 104,659 | 94,438 |
| Operating Expenses | 76,928 | 55,171 | 50,261 | 45,155 | 45,286 | 39,885 |
| Net Operating Income before Impairment Provisions | 86,479 | 77,675 | 60,403 | 46,830 | 59,373 | 54,553 |
| Gain on bargain purchase | 91,751 | 0 | 0 | 0 | 0 | 0 |
| Loan impairment charges and other credit risk provisions (net) | 105,069 | 39,659 | 27,090 | 23,134 | 18,845 | 20,123 |
| Profit Before Tax | 73,161 | 38,016 | 33,313 | 23,696 | 40,528 | 34,430 |
| Tax | 2,826 | 3,138 | 4,975 | 3,683 | 6,122 | 5,064 |
| Net Profit | 70,335 | 34,878 | 28,338 | 20,013 | 34,406 | 29,366 |
| As at 31 Dec In RO ‘000 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Total Assets | 6,688,720 | 4,131,001 | 4,133,181 | 3,610,987 | 3,505,105 | 3,046,403 |
| Loans, advances and Islamic financings (net) | 3,921,192 | 2,924,294 | 2,612,208 | 2,503,497 | 2,454,153 | 2,251,930 |
| Customer deposits | 5,103,045 | 2,560,098 | 2,394,465 | 2,231,565 | 2,097,310 | 1,818,353 |
| Total Equity | 802,074 | 665,498 | 596,578 | 531,702 | 536,109 | 385,424 |
| Share capital | 561,572 | 455,355 | 295,355 | 245,355 | 236,360 | 198,265 |
| Earnings & Profitability | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Return on Average Assets | 1.3% | 0.8% | 0.7% | 0.6% | 1.1% | 1.0% |
| Return on Average Equity | 11.1% | 8.3% | 8.2% | 6.0% | 11.6% | 10.1% |
| Return on Risk Weighted Assets | 1.9% | 1.3% | 1.1% | 0.8% | 1.4% | 1.2% |
| Cost to Income Ratio | 47.1% | 41.5% | 45.4% | 49.1% | 43.3% | 42.2% |
| Yield | 5.2% | 4.7% | 4.4% | 4.7% | 5.0% | 4.8% |
| Cost of Fund | 3.2% | 2.5% | 2.5% | 2.8% | 3.1% | 3.1% |
| Net Interest Margin | 2.5% | 2.6% | 2.3% | 2.3% | 2.4% | 2.1% |
| Capital & Leverage | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Common Equity Tier 1 Ratio | 14.3% | 17.3% | 12.0% | 11.0% | 10.8% | 9.6% |
| Tier 1 capital ratio | 16.6% | 20.5% | 18.3% | 17.8% | 17.4% | 13.2% |
| Total Capital Adequacy Ratio | 17.9% | 21.0% | 19.1% | 19.1% | 18.9% | 15.0% |
| Leverage Ratio | 10.3% | 15.2% | 13.7% | 14.3% | 14.5% | 11.8% |
| Credit Quality | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Non Performing Loans | 4.8% | 5.2% | 5.4% | 6.0% | 4.8% | 3.3% |
| NPL Coverage | 143.2% | 89.2% | 92.7% | 81.9% | 93.0% | 115.3% |
| Cost of Risk | 2.7% | 1.4% | 1.0% | 0.9% | 0.8% | 0.9% |
| Funding & Liquidity | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| CASA / Customer Deposits % | 70.0% | 63.8% | 57.5% | 49.7% | 55.1% | 44.2% |
| Net Loans to Deposits % | 76.8% | 114.2% | 109.1% | 112.2% | 117.0% | 123.8% |
| Net Stable Funding Ratio | 137.3% | 112.0% | 113.2% | 113.2% | 107.4% | 106.2% |
| Liquidity Coverage Ratio | 204.9% | 154.3% | 271.6% | 134.0% | 147.2% | 215.4% |
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|
| Branches | 85 | 39 | 38 | 38 | 38 | 37 |
| Employees | 1,548 | 884 | 888 | 873 | 871 | 804 |
| ATM |
Credit Ratings
| Rating Agency | Sohar International | Oman Sovereign |
|---|---|---|
| Fitch Ratings | BB Stable Jan 2024 | BB+ Stable May 2024 |
| Moody's | Ba1 Positive Sep 2024 | Ba1 Positive Aug 2024 |
| S&P | - | BBB- Stable Sep 2024 |
