MUSCAT: Credit Oman insured sales worth RO 107.00 million during the first quarter of 2026, up 3 per cent from RO 104.00 million in the corresponding period last year, as the state-owned export credit agency continued to support businesses against payment risks amid uncertain global trading conditions.
Acting Chief Executive Officer Haitham bin Abdullah al Yaqoubi said the agency remains focused on strengthening Omani exports and helping businesses access new international markets by providing protection against buyer default and non-payment risks.
He said Credit Oman offers exporters and manufacturers greater confidence to expand into new markets and increase sales by reducing exposure to commercial and non-commercial risks.
Domestic insured sales rose 10 per cent to RO 52.60 million, while insured exports declined 4 per cent to RO 54.40 million, compared with RO 56.40 million in the first quarter of 2025.
Manufacturing accounted for the overwhelming majority of insured sales, reaching RO 99.10 million, equivalent to 91 per cent of the total portfolio.
The agriculture and fisheries sector ranked second with insured sales of RO 3.10 million, followed by the wholesale and retail trade, including motor vehicle and motorcycle repair, at RO 3.00 million.
The latest figures highlight the continued importance of credit insurance in supporting business continuity and export activity as Omani companies navigate evolving regional and international market conditions. — ONA
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