HSBC has maintained operations in Oman since 1948, initially as the sole banking institution in the country for two decades. The bank assisted with the first issue of Omani currency in 1970. In June 2012, HSBC merged its Oman branch with Oman International Bank, creating HSBC Bank Oman S.A.O.G., which operated through 2023.
In 2023, HSBC Oman completed a merger with Sohar International Bank. In May 2024, HSBC Bank Middle East Limited–Oman Branch reopened, focusing exclusively on wholesale banking. The branch offers Global Payments Solutions, Trade Solutions, Financing & Advisory, Global Markets and Securities Services to international corporate clients. HSBC Bank Oman has approximately 891 employees and operates in the banking and financial services sector with wealth and personal banking, commercial banking, and global banking and markets segments.
Recent Leadership News
Elie El Asmar was appointed Chief Executive Officer of HSBC's Oman branch in May 2024, bringing over 30 years of international and corporate banking experience across HSBC's Middle East and North Africa operations.
Facts compiled by Executive Moves from publicly available news and press releases on 23 May 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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