Credit Oman Sales Insured Soar to RO 264.7 Million by Q3: What It Means for Business Growth in Oman
MUSCAT: Credit Oman’s insured sales of domestically produced and export goods in the industrial sector reached RO 264.7 million by the end of the third quarter of 2025, marking a significant 27 percent increase from RO 208.6 million recorded during the same period last year.
The industrial portfolio supported by Credit Oman covers a diverse range of products. Insured sales of iron and steel stood at RO 79 million, followed by oils and fats at RO 64.6 million. The food industry, including meat and poultry products, reported insured sales totaling RO 33.1 million, while refined petroleum products accounted for RO 24 million. Cleaning products achieved RO 17.3 million in insured sales, and plastic construction equipment recorded approximately RO 7.4 million.
Haitham bin Abdullah al Yaqoubi, Acting Chief Executive Officer of Credit Oman, highlighted the institution’s commitment to increasing Omani non-oil exports by providing insurance coverage to local manufacturers, exporters, and retailers. He emphasized that Credit Oman’s role extends beyond insurance, offering advisory services and support in identifying potential buyers for Omani exporters.
Al Yaqoubi noted that these initiatives aim to bolster national exports, facilitate Omani products’ access to international markets, expand foreign trade opportunities, and enhance the competitiveness of the Omani economy. He underscored Credit Oman’s crucial function in fostering trust between exporters and importers while mitigating the risks associated with cross-border trade transactions. — ONA
Special Analysis by Omanet | Navigate Oman’s Market
The 27% growth in Credit Oman’s insured industrial sales signals strong momentum in Oman’s non-oil export sector, presenting a prime opportunity for businesses to expand internationally with reduced risk. For investors and entrepreneurs, this underscores the importance of leveraging export credit insurance and advisory services to unlock new markets and enhance competitiveness amid evolving global trade dynamics.
