Sohar International has announced a strategic partnership with The Bank of New York Mellon Corporation (BNY Mellon) to enhance its custody services. The new custody services are expected to increase access to global markets for Omani institutions and strengthen the country's position as a rising financial hub.
BNY Mellon has been instrumental in advancing financial services and capital markets across the GCC and this new collaboration leverages the company’s global financial infrastructure to help Sohar International expand its investment banking capabilities. It also reinforces Sohar International’s role as a key enabler of capital market development and long-term investment growth in the region.
The move is set to accelerate the development of Oman’s financial ecosystem in line with Oman Vision 2040.
Gulf Economist Staff Writer