Oman's first money market fund, Bank Muscat Money Market Fund, increases AUM by 170% to RO155mn by July 2, 2024.

Bank Muscat Money Market Fund, Oman's first money market fund, announced a 170% increase in its assets under management (AUM) to RO155mn by July 2, 2024, driven by strong investment growth. The fund retains the top position as Oman's largest open-ended mutual fund, having achieved a Q2 2024 net annualised return of 5.35%. The fund offers attractive returns for short to medium term investments with relatively lower risk.