Credit Oman has reported a total of RO 77,190,000 in insured domestic sales for the first half of 2024, marking an important milestone in its support of the Omani economy.
MUSCAT: Compared to the same time last year, when the total was RO 64,511,000, this indicates a noteworthy 19.6% rise.
Sheikh Khalil bin Ahmed Al Harthy, CEO of Credit Oman, attributed the growth to positive performance across most insured sectors, with the food and consumer goods sector leading the way. This sector recorded RO 48,656,000 in business volume, reflecting a 17.6 percent increase. The building and construction materials sector followed with a growth of 6.32 percent, reaching RO 10,365,000.
One of the standout performers was the packaging sector, which saw an extraordinary surge of 293.2 percent, growing to RO 323,000 compared to the previous year. Additionally, the petrochemicals and plastics sector experienced a 38 percent rise, reaching RO 9.2 million.
Al Harthy emphasized that these positive results underscore the success of Credit Oman’s strategy to support a wide range of economic sectors in the Sultanate. He reaffirmed the company’s commitment to enhancing market confidence, promoting Omani products, and offering innovative insurance solutions that help mitigate both commercial and non-commercial risks. He also highlighted Credit Oman’s role in helping local companies grow and expand, both in Oman and globally.
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