HSBC Bank Oman S.A.O.G.'s Board of Directors proposed a cash dividend of OMR 0.005 per share (nominal value per share of OMR 0.100) amounting to OMR 10 million for the full year 2016, subject to the approval of the Central Bank of Oman and the shareholders of the bank.

The bank also announced the appointment of Sir Sherard Cowper-Coles as a Director and Chairman of the Bank following the Board Meeting held on 29 January 2017. This change was prompted by the resignation of outgoing Chairman, David Eldon, who is taking on additional responsibilities elsewhere in the HSBC Group. Sir Sherard has nearly 40 years of experience of working in the region, including as UK Ambassador to Saudi Arabia from 2003 to 2007, together with recent experience within the HSBC Group Head Office.