Bank Dhofar is one of the fastest-growing financial services institutions in the Sultanate, offering Corporate banking, Consumer banking, Treasury, and Project Finance services. The bank is the second-largest bank in Oman by market value, positioning itself as a regional leader in digital innovation and customer-centric solutions.
Cyborg Score Rationale
The bank generated OMR 132.81 million in revenue with OMR 34.33 million in profits over the last 12 months, though ROE stands at 6.22%, indicating moderate profitability. Stock price declined 3.80% in the last 52 weeks, reflecting market headwinds despite strategic positioning.
Top Insights
Recognized as Best Customer-Centric Banking Brand in Oman at Global Brand Awards 2025
Signed strategic partnership with Dhofar Municipality on environmental sustainability aligned with Oman Vision 2040
Cooperation agreement with Social Protection Fund to advance fintech solutions
Implemented Digital Card Solution by Entrust for both Islamic and conventional banking applications
Named Competitors
Corporate and Retail Banking — Major competitor in Oman banking sector
Islamic Banking — Largest bank in Oman offering traditional and Islamic services
Digital Banking — Emerging competition from fintech solutions
Recent Developments
(February 2026) Gold Sponsor of 28th annual 'Atta' exhibition by charitable association Dar Al Atta'a
(Recent) Digital Card Solution implementation with Entrust for enhanced customer capabilities
(Recent) Cooperation agreement with Social Protection Fund for fintech advancement
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