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Oman's Bank Muscat Q1 net profit up 6%, beats estimate

Oman's largest lender by assets, Bank Muscat, reported a Q1 2024 net profit of 54.24 million rials ($140.9 million) nearly 6% higher versus OMR 51.30 million reported in the first quarter of 2023.   The net profit beat analysts’ mean estimate of OMR 52 million, according to LSEG data. Operating profit…

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