Continuing its strategic roadmap to effectively contribute to the national agenda of diversification and generating In-Country value, Sohar International has acted as the sole financial advisor to Apollo Hospitals Muscat, on raising its equity capital from investors. The Bank is uniquely positioned in the market, having rightfully earned the trust and confidence of investors, and continues to support projects of national importance that fuel economic development in diverse sectors. This deal reflects Sohar International’s robust network and reach to market such investment opportunities to existing and potential investors whether locally, regionally, or internationally.
“At Sohar International, our market knowhow and analysis gives us an edge to extend support to ventures that provide sustainable socio-economic benefits to the community enabling people to prosper and grow. To that effect, our well-planned approach ensures that we continue to deliver institutional advisory services that are drawn from a thorough understanding of the local market and are further complemented with valuable insights that we gain from our international partnerships. We are delighted to be a part of this significant milestone in the journey of Apollo Hospital Muscat, catering its financial needs for the next phase of the hospital’s growth in Oman. The project provides impetus to Oman's emerging healthcare landscape, which has witnessed multi-fold growth and enhancement during the pandemic,” commented Mr. Ahmed Al Musalmi, Chief Executive Officer, Sohar International
Backed by a team of experts and a strong local and international network of strategic partners, Sohar International is well-versed in handling the complexities of a dynamic market and has been able to successfully play an advisory role to clients whether it on raising equity based financing and or debt based financing. With continuous investments in its overall capabilities, the bank has managed to tap the local and international markets providing guided assistance and asset management to both; Government agencies and corporates in framing the best capital structure and raising capital.
“In these unprecedented times where healthcare has evolved as the new defence, Oman has demonstrated its efficiency in healthcare delivery with the way it handled the pandemic and efforts are underway to prepare the healthcare sector to balance between the communicable and non-communicable disease burden. Our strategy to induct a new partner and bolster our balance sheet is a well-conceived strategic initiative. We would like to thank Sohar International for their unmatched acumen, and professionalism in helping us achieve this pivotal milestone. Such initiatives are the need of the hour and this would further propel the expansion needs of Apollo Hospital Muscat. We will soon share our expansion strategy and will continue to add more clinical bandwidth to the private healthcare space of Oman,” commented Mr. V.T. Saileswaran, MD, Apollo Hospitals Muscat.
Despite the global pandemic bringing its set of uncertainties to the financial sector, Sohar International’s focus on sustainable growth, uncompromising take on servicing its clients and ability to deliver exceptional value to its stakeholders has cemented the bank’s position as a trusted financial partner of choice. Year 2021 witnessed the bank successfully extend its financial advisory services to Oman’s popular on demand delivery service major, Akeed, on raising its equity capital from investors. The same year witnessed Sohar International’s Islamic Window - Sohar Islamic successfully complete the issuance of OMR 6Mn Perpetual Sukuk al Mudaraba Trust Certificate by Takaful Oman Insurance reiterating the bank’s strong market position and investor confidence.
Amongst the 14 awards and recognitions Sohar International received for the year 2021, the Bank was acknowledged with the ‘Debt Deal of the Year - Oman’ and ‘Equity Deal of the Year – Oman’ award at the 2021 Corporate and Investment Banking Awards presented by Asian Banking and Finance (“ABF”) Magazine, based out of Singapore. The award was presented to the Investment Banking team at Sohar International for its advisory and placement services to clients, even under challenging macro environment conditions reflecting the bank’s vision a vision to become a world-class Omani services company that helps customers, community and people to prosper and grow.