MUSCAT : The national credit insurer reported a profit of RO 258,200 for the year, achieved entirely through its own resources, reflecting operational resilience and financial sustainability.
Haitham bin Abdullah Al Yaqoubi, Acting CEO of Credit Oman, stated that the organisation continues to play a proactive role in advancing Oman’s development goals by aligning its initiatives with the objectives of the Eleventh Five-Year Plan. He highlighted that these efforts are key to fostering sustainable economic growth and enhancing the competitiveness of Omani businesses in both local and international markets.
The value of insured export sales reached RO 210 million, accounting for 7.8 percent of Oman’s total non-oil exports insured by Credit Oman. These exports spanned a wide range of sectors including building materials, agriculture and fisheries, fast-moving consumer goods, petrochemicals and plastics, mining, ready-made garments, and packaging. Meanwhile, insured local sales stood at RO 180 million.
In terms of revenue streams, total premiums underwritten for export and domestic insurance reached RO 1.04 million in 2025. Earned premiums from exports amounted to RO 590,300, while domestic sales contributed RO 447,900.
The number of policyholders also saw a notable increase of 15.7 percent, rising to 88 by the end of 2025 compared to 76 in 2024. This growth reflects increasing awareness among businesses about the importance of credit insurance in mitigating risks related to non-payment.
Credit Oman reaffirmed that credit insurance remains a vital tool for safeguarding businesses, offering tailored solutions for companies of all sizes across various sectors. The organisation also expanded its investment portfolio, with holdings increasing to RO 18.3 million from RO 17.4 million in 2024. These investments include liquid instruments such as deposits, bonds, and equities, contributing to total assets exceeding RO 20 million.
However, the total credit ceilings granted for local sales declined to RO 97.1 million in 2025 from RO 108 million in the previous year. Similarly, export credit ceilings decreased to RO 126.7 million, compared to RO 149.6 million in 2024.
Despite this, Al Yaqoubi emphasized that Credit Oman remains committed to strengthening the country’s export ecosystem and supporting domestic trade.
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