Muscat: The Omani credit sector recorded a notable 19.6% increase in the volume of insured local sales during the first half of 2024, reaching a total of OMR77,190,000, a significant rise from the OMR64,511,000 observed in the same period of the previous year.
Sheikh Khalil Ahmed Al Harthy, the Chief Executive Officer of Credit Oman, highlighted that the majority of sectors insured experienced positive growth. Notably, the foodstuff and consumer goods sector emerged as the leader, with a growth of OMR 48,656,000, marking an impressive 17.6% increase. The construction sector was the second highest, recording a growth of OMR 10,365,000, representing a 6.32% increase.
Al Harthy emphasized that these favorable results reflect the effectiveness of Credit Oman's strategy, which is designed to bolster various economic sectors within Oman.
