Saturday 22 / November / 2025
Muscat: Credit Oman, the government-owned company, continues its national efforts to enhance the economic development of the Sultanate of Oman by advancing local trade and increasing exports to establish a presence for Omani products in global markets through a comprehensive range of insurance services and solutions.
Haitham bin Abdullah Al-Yaqoubi, Acting CEO of Credit Oman, stated that the company aims to support Omani manufacturers and exporters through its services, which help protect them from commercial and non-commercial risks and enhance their ability to access global markets. This reflects Credit Oman’s commitment to supporting the national economy and enhancing the competitiveness of Omani products.
It is noteworthy that the Omani economy has continued its accelerated growth over the past five years due to the economic and political improvements carried out by the government through various national initiatives and the enactment of new legislation that aligns with the upcoming phase, positively impacting the country’s credit rating.
Al-Yaqoubi pointed out that Credit Oman continues its awareness initiatives across the provinces and states of the Sultanate through various programs. This year alone, more than 12 workshops have been conducted to introduce its role in supporting Omani exporters and manufacturers and to raise awareness about the importance of credit insurance.
He added that the statistics at Credit Oman show continuous growth in Omani exports and local sales insured by Credit Oman. The total insured sales at Credit Oman reached OMR296.59 million by the end of the third quarter of this year, compared to OMR272.80 million during the same period last year.
The insured export sales at Credit Oman amounted to OMR159.96 million by the end of the third quarter of 2025, while the value of insured local sales reached OMR136.63 million.
Al-Yaqoubi clarified that Credit Oman’s role is not limited to providing insurance services but also includes offering consultations to Omani exporters and finding buyers for them worldwide, contributing to the presence of Omani products in global markets. Many products are exported to the United States and European countries, particularly in construction materials, as well as petrochemicals and plastics.
The Acting CEO emphasised that Omani products enjoy a distinguished reputation in global markets due to their high quality and complete adherence to international standards and specifications in product manufacturing.
Al-Yaqoubi concluded by stating: "We invite companies, workers in the Sultanate of Oman, and manufacturers to take advantage of the services provided by Credit Oman to safeguard their commercial rights and increase their sales volume both locally and globally.
