Oman – OR 362 million insurance investments in 2016
Tuesday, 03 28 2017, Category: Insurance and Reinsurance, Country: Oman
The total investments of national insurance companies reached approximately 362 Omani Riyals by year end 2016 noting that the investments inside the Sultanate represent 95% of total investments whereas foreign investments represent around 5% where investments are made in banking deposits, stock shares, bonds in addition to investment funds.
In the report on the assets of insurance companies issued by the Capital Market Authority of which “Economic Al Watan” received a copy and according to the unaudited financial statements of insurance companies, the investments in banking deposits represents the largest share of insurance investments by year-end 2016 representing 245 Omani Riyals and a share of 69% of the total investments.
Source: Al Watan – Oman