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HM The Sultan Arrives in Kuwait

Kuwaiti diplomat: Omani Sultan’s Kuwait visit indicative of strong ties

UAE President holds dinner banquet at Qasr Al Watan in honour of Sultan Haitham bin Tariq

UAE President receives Sultan of Oman upon arrival in UAE on state visit

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“Ooredoo Oman Welcomes Khawla Al-Amiri as Chief People Officer, Reinforcing Commitment to Local Leadership Empowerment”

Bank Muscat Launches EAGLEs Programme: A Pioneering Leadership Engagement Across Branch Network

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HM The Sultan Issues Two Royal Decrees

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HM The Sultan Offers Condolences on the Death of Kuwaiti Emir

HM The Sultan Gives Audience to Business People in India

HH Sayyid Theyazin Conveys HM The Sultan’s Greetings to Russian President

First Muscat Dialogue Sessions Begin

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Information Minister Affirms Keenness to Strengthen Communication with International Media Institutions

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UAE Space Agency launches National Space Academy to develop national cadres

HM The Sultan Presides over 8th Term Convening of Council of Oman

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HM The Sultan Issues 2 Royal Decrees

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Omantel’s 5G Excellence Recognized with “Samena Communications Award”

NHS scientist awarded £58,000 after being named ‘Paininarse’ on spreadsheet

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HM The Sultan Receives Ambassadors’ Credentials

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Mohammed bin Rashid opens GITEX GLOBAL

HH Sayyid Bilarab Chairs Meeting of Omani Startups’ Supervisory Committee

“Dhi Yazan bin Haitham Al Said Inaugurates Duqm Economic Forum “

Omani Woman: Clear Vision & Remarkable Achievements

“Strategies for Cultivating a Healthy and Productive Work Environment”

“Essential Reading for HR Professionals: 17 HR Books You Can’t Miss in 2023”

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MAWARED annual book

Transformational Leadership: Inspiring Change and Achieving Excellence

“al sulaam Program (Episode four) with Dr. Aamal al bussaidi .”

“al sullam Program (Episode Two) with Dr. Ahmed Al-Ghusani.”

Nama Group and Omani Society for Human Resource Management (OSHRM) announce strategic partnership in Human Resources development

Saudi Oil Giant Aramco Announces $121 Billion Profit in 2023

Tender Board Signs Agreements with Karwa Motors on Government Procurement, School Bus Purchase

Najahi Business Banking from Bank Muscat: Empowering Small Businesses

His Majesty Exchanges Ramadan Greetings With Arab, Islamic Leaders

A’Rustaq Hospital Diagnoses Child with Gastric Wall Vein Bleeding

QCB Launches ‘FAWRAN’ Instant Payment Service

National Development Fund Partners with World Economic Forum

Qatar Chairs 49th Meeting of GCC Standing Committee for Combating Harmful Practices in International Trade

Saudi Arabia’s Air Connectivity Program Signs Deal with Eurowings to Enhance Air Connectivity between Saudi Arabia and the EU

HM King presented unique development model: Omani Ambassador

July 14, 2024

Bank Muscat Money Market fund registers a strong performance in 2024

Bank Muscat Money Market Fund, Oman’s first money market fund, registered a strong performance with net annual returns of 5.20% realized for investors by the end of February 2024. With Assets Under Management (AUM) at over RO 91 million at the end of February 2024, the Fund retains its top position as the largest open-ended mutual fund in Oman. The superior performance and growth in the Fund’s assets are also a recognition of the popularity of the Fund amongst investors.  

The fund offers an attractive cash management tool for investors to invest their short-term cash surpluses at an attractive return with relatively low risk (for details, please refer to the Prospectus Chapter 7: Risk factors and mitigation available on The current annualized rate of return on the Fund exceeds 5% (as 29th February 2024), which is higher than the interest rates typically available on alternatives that provide short to medium term investment opportunity with relatively low risk. Accordingly, investors can benefit from higher returns on their cash surpluses by investing in the Bank Muscat Money Market Fund. The table below illustrates the rates of return realized from the Fund across different periods:

PeriodAnnualized returns
1 month5.20%
3 months5.19%
6 months5.12%
12 months4.89%

As on 29th February, 2024

The Fund offers daily liquidity with one day minimum holding period, i.e., the investment period can be as short as one day. Further, investors have the flexibility to withdraw their investments, fully or partly, together with returns earned for each day of their investment in the Fund and the total proceeds of their investments would be credited in their bank account within two days from the date of submission of the redemption request. Investors can subscribe to the Fund with a minimum subscription amount as low as OMR 500 per transaction for both individuals and institutions investors. Further, the Fund does not charge any subscription or redemption fees and it has had a track record of consistent performance for more than 11 years. The chart below depicts the steady growth in the fund’s NAV since its inception in June 2012.

Bank Muscat Money Market Fund predominately invests in deposits and fixed-income instruments of leading financial institutions in Oman and GCC region and its investments are primarily held in Omani Rials or US Dollars. The Fund is regulated by the Capital Market Authority and is an open-ended fund with its Net Asset Value (NAV) being published on a daily basis on Bank Muscat’s website as well as Muscat Stock Exchange’s website, so that investors can track the value of their investments on a regular basis.

The Fund provides the added facility of convenient sweep-in and sweep-out from investors’ bank accounts with Bank Muscat. This enables investors to invest and redeem from the Fund in a simple way, through an email instruction to the Fund’s designated team. During 2023, the Fund was also made available on Bank Muscat’s Internet Banking and Mobile Banking (IBMB) platforms – another first in Oman, making it convenient for Bank Muscat’s customers to subscribe into and redeem out of the Fund by using their existing IBMB platforms. Alternatively, application forms can be downloaded from Bank Muscat’s website or can be obtained from the Fund’s Investor Servicing Desk which can be contacted at 24768064.

Bank Muscat’s Asset Management business has a proven track record of successful operations for almost 30 years and today the business is the largest asset manager in Oman and one of the leading asset managers in the GCC region, with approximately US$ 2.9 billion of AUM. It offers tailored investment solutions across asset classes including equity, fixed income, real estate and private equity investments.

Please refer to the prospectus of Bank Muscat Money Market Fund available on to understand the Fund’s details including key terms and conditions. Investors are also requested to refer to the key risk factors highlighted in the prospectus. It should be noted that the mutual fund returns are subject to market performance and past performance doesn’t guarantee future performance.

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