AL IZZ ISLAMIC BANK, OMAN
FEB through its wholly owned subsidiary First Energy Oman is one of the founding Promoters of Al Izz, which received its license from the Central Bank of Oman (CBO) on September 5, 2013. Al Izz commenced operations on September 30, 2013. Out of the banks total paid up capital, 40% of it was successfully raised through an Initial Public Offering (IPO) in October 2012. The Bank offers comprehensive business and retail Islamic banking solutions in accordance with Omani law and the CBO regulations governing Islamic banking in Oman.