Safecom Mobile and Durabook Forge Powerful Distribution Partnership
Safecom Mobile and Durabook have joined forces, creating a dynamic collaboration that capitalises on their unique strengths. This strategic alliance is positioned to meet the growing demand for rugged tablets and laptops in Southeast Asia, encompassing Singapore, Malaysia, Thailand, Brunei, Indonesia, and the Philippines. With a strong focus on quality, responsive technical support, and proactive sales services, Durabook’s products are poised for expansion through Safecom Mobile’s expertise.
Oman Arab Bank’s RO50mn Bonds Issue Garners Enthusiastic Response
Oman Arab Bank’s resounding success in its recent bond issuance, oversubscribed by a remarkable 60%, speaks to investors’ remarkable confidence in the bank’s financial prowess. CEO Sulaiman al Harthi’s enthusiasm reflects the strategic vision of diversifying funding sources to fortify the bank’s capital position and embrace a more robust financial future. The competitive coupon rate of 7.00% per annum for the first five years adds allure to this offering, and the bonds’ listing on the Muscat Stock Exchange bolsters their market presence. This strategic move aligns with OAB’s commitment to strengthening its financial position and enhancing its capacity to serve a diverse clientele. As Oman Arab Bank’s journey continues, its capacity to service obligations and pursue strategic growth initiatives is expected to expand, propelled by this resounding investor confidence.
