 
On 1st of January, 1984 Oman International Bank, the
first 100% Omani owned commercial bank was born. Arab African International Bank sold its
60% shareholding, which was negotiated and purchased by H.E. Dr. Omar Bin Abdul Muniem Al
Zawawi on behalf of himself and his original founder partners, H.E. Mohamed bin Musa Al
Yousef and the late Qais Bin Abdul Muniem Al Zawawi and others who were individually
invited to participate.
| First
Board of Directors |
| H.E.
Dr. Omar Bin Abdul Muniem Al Zawawi |
Chairman |
| H.E.
Hamoud Bin Ibrahim Bin Soomar |
Deputy
Chairman |
| H.E.
Maqbool Bin Ali Bin Sultan |
Director |
| H.E.
Noor Bin Mohammed Abdulrahman |
Director |
| Mr.
Ali Bin Thabit Al Battashi |
Director |
| Sheikh
Ebrahim Al Ebrahim |
Director |
| Mr. Christopher Reeves |
Director |
Opening Balance Sheet as on 1st January
1984
Opening
Balance Sheet as on 1st January 1984 |
| |
|
| Assets |
R.O.'000 |
| |
|
| Cash and balances with Banks |
2,403 |
| Bank placements |
16,306 |
| Loans and advances |
37,188 |
| Investments |
295 |
| Other assets |
1,589 |
| Fixed assets |
923 |
| |
58,704 |
| |
|
| Customer's liabilities under letters of credit,
guarantees and acceptances (contra) |
71,926 |
| Shareholder's Equity |
|
| |
|
| Share capital |
6,000 |
| Nondistributable reserves |
265 |
| Distributable reserves |
786 |
| |
7,051 |
| |
|
| |
|
| Liabilities |
|
| |
|
| Current, deposit & other accounts |
30,882 |
| Bank borrowings and due to Banks |
18,153 |
| Other liabilities |
2,618 |
| |
58,704 |
| |
|
| Liabilities under letters of credit, guarantees
& acceptances (contra) |
71,926 |
|
 |
|
