Oman


CBO meet to discuss Sharia authority body



Muscat: The Board of Governors of Central Bank of Oman (CBO) will hold its 165th meeting, to be chaired by Dr Ali bin Mohammed bin Moosa, Deputy Chairman of the Board of Governors, on Monday.

The meeting will discuss a number of topics on the agenda, including a change in ownership of the shares of the licenced banks operating in the Sultanate, the formation of the supreme authority for Sharia supervision in CBO, as well as the development of small and medium-sized enterprises in the Sultanate.

The meeting will also discuss the American Fair and Accurate Credit Transactions Act (FACTA). In the same context, the meeting will discuss CBO audited final accounts and the Deposit Insurance Fund and Pension Fund for CBO employees as of December 31, 2013.

Financial position
The meeting will also discuss the financial position of the bank as at the end of January, 2014, as well as the report of the activities of the bank's services, and other topics related to administrative and financial affairs of CBO and Oman's banking sector in general.

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