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.
The company’s net profit fell to 3.70 million rials ($9.61 million) in the first quarter of the year compared to 6.94 million rials in the same period of 2013.
The bank made a net profit of 3.1 million rials ($8.1 million) in the opening three months of 2014, compared to 5.7 million rials in the same period of 2013.
The government’s holding in the operator will drop to 51 per cent following the completion of the second and final part of the share sale.
Head of Oman’s Central Bank says infrastructure projects are generating economic activity.
Net loans and advances climbed 17 per cent to 1.31 billion rials, while customers’deposits increased 8 per cent to 1.41 billion rials.
The bank made a profit of $26.75 million in the first three months of 2014, according to a statement in Oman bourse.