The bank made a quarterly profit of OMR46.6 million ($121 million) in the second quarter compared to OMR38.1 million in the corresponding period of 2013.
The refinery has capacity to process 116,000 barrels per day of Omani crude.
The bank made a profit of SAR10.28 million ($26.7 million) in the three-month period to June 30 compared to SAR8.36 million in the same period last year.
Overall hotel revenues in Oman reached OMR65.9 million, up 10 per cent from the same period last year, when it touched OMR59.7 million.
Talal Said Marhoon al-Mamari was previously chief financial officer of the company.
Under new rules announced last week, retailers and traders no longer needed to ask the government for permission to raise prices.
The firm plans to raise the amount from a loan or bond issue by the middle of next year.
The central bank seized control of Corpbank, in which Oman fund holds a share, after a run on the lender.
Al Suwadi Power Co and Al Batinah Power Co, each offered a 35 per cent stake to the public in offerings worth a combined $162.9 million.
Under new rules announced last week, permission will only need to be sought to increase prices of essential items such as rice, tea and fish.
Oman Oil Refineries and Petroleum Industries Co (Orpic) said supply to the market will not be interrupted.
The low-cost carrier will now operate 21 weekly flights between the UAE and Muscat.
The lender did not give a size or time frame for the potential sale of the unit.
The Sultanate’s largest cement firm by market value has appointed Salem Alawi Mohammed Baabood as chief executive.
A merger between the two banks would create Oman’s second biggest bank by asset value, with assets worth around 4.78 billion rials ($12.42 billion).
If all the applied stressed scenarios materialise, the banking system will need $201.3 million to recapitalise five deficient banks.
Mohammed bin Nasir Al-Khusaibi was found guilty of paying bribes worth $1 million to officials to win an airport contract.
The move is part of mall operator Majid Al Futtaim’s $29.3 million redevelopment plan for Oman.
The issue, which will be done as a private placement, will help boost the bank’s core capital.
The two firms’ owners aim to raise a combined $163 million through the sale of 35 per cent of each company.
Ahmed al-Musalmi, who has served as deputy chief executive officer for the bank since 2011, succeeds Salaam al-Shaksy.
Omantel attributed the profit rise to a 29 per cent increase in wholesale revenue.
Further privatisations of state-owned companies in Oman were also unlikely to take place in 2014, its financial minister said.
The Omani contractor will construct phase two of the Al Ghurair plant expansion in Abu Dhabi’s ICAD – I Mussafah.
The refinery has capacity to process around 116,000 barrels per day of Omani crude.
The slowdown would underline the government’s main challenge of creating enough jobs for the country’s growing population of nationals.
The issue would be part of a 500 million rial ($1.3 billion) sukuk programme which the bank’s shareholders approved in March,
The money will be used to fund various Orpic projects, including an expansion plan for its refinery in the industrial city of Sohar.
Both companies, which became operational in April 2012, are owned by mostly foreign consortiums.
The firm made a net profit of 8.8 million rials ($22.86 million) in the three months to March 31, a statement said.