Muscat has mandated Citi, Crédit Agricole, Deutsche Bank, HSBC, National Bank of Abu Dhabi and Standard Chartered as joint lead managers and bookrunners for the potential sale. Muscat itself will also be a co-lead manager.
Meetings will begin on March 12 and take in the Middle East, Asia and Europe.
Muscat is rated A1 by Moody’s, A- by Standard & Poor’s and A- by Fitch. It is Oman’s largest bank by assets and has 40% direct and indirect ownership by the sultanate’s government.