Financial Performance Overview slide image

Financial Performance Overview

Overview of Sultanate of Oman Oman - Overview 2nd largest country in the GCC with an area covering approximately 309,500 km². Strategically placed on the Arabian Gulf, Oman is divided into 11 main governorates and shares borders with Saudi Arabia and UAE. Stable Political System - Oman continues to follow peace-making foreign policy with focus on developing its economy ➤ Population of ~4.9mn - predominantly represented by Omani Nationals account for 65% of the total population Resilient and Solid Economy focus on long-term planning with the implementation of a five-year economic development strategy plan. Real GDP growth is projected to reach 4.1% in 2023 (IMF) "Vision 2040" government led programme, aimed at creating wealth through economic diversification and private sector partnership, building world-class infrastructure, and preserving environment sustainability "Medium Term Fiscal Plan (MTFP) 2020-24" MTFP has borrowed the four objectives from Vision 2040 to articulate the MTFP. These objectives included economic diversification, creating investment chain value, governance of state-owned entities and social well being. Saudi Arabia UAE Oman Yemen Key Figures Key Indicators Sovereign Ratings (Moody's/S&P / Fitch) Dec-22 Gross Domestic Product Gross Domestic Product Per Capita Ba2/BB/BB USD 108.9bn¹ USD 23,541¹ Inflation Population 1. Source: 1. IMF World Economic Database 2. Trading Economics 2.06% 4.9 million Real GDP Growth2 0.9% -0.8% -2.8% 2018 2019 2. Source: IMF Staff Report - November 2022 GDP Composition (June 2023) 35% 4.4% 4.1% 42% 2.0% 2020 2021 2022E 2023F ■ Petroluem Activities ■Construction ■ Wholesale & Retail Trade ■ Public Adminstration & Defence 6% 8% 9% ■ Other Activites 3. Source: National Centre For Statistics & Information (NCSI) 5 بنك ظفار BankDhofar 11
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