Oman Arab Bank issues statement on OMR 6 Million embezzlement case

Image : Oman Arab Bank
Image : Oman Arab Bank

Muscat: Oman Arab Bank issues statement on OMR 6 Million embezzlement case

In the statement bank said: With reference to the Bank’s disclosure on the Muscat Stock Exchange on 22nd December 2020, on the criminal complaint related to the existence of a suspicion of forgery and embezzlement of approximately of Six Million Omani Riyals, the Bank is pleased to disclose that it has received the communication from the loss adjuster that the reinsurers have confirmed that the policy liability in principle for the amount claimed as mentioned above.

“The Bank would also like to inform that it is continuing to follow up the case with the public prosecutor, in order to preserve the rights of the Bank and its shareholders, legally and financially,”


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