Arabia Falcon Insurance issues update on cyberattack probe

The story in brief

The Arabia Falcon Insurance (AFIC) stated in a filing to Muscat Securities Exchange (MSX) that the company has continued investigations into the matter and sought assistance of ext... The Arabia Falcon Insurance (AFIC) stated in a filing to Muscat Securities Exchange (MSX) that the company has continued investigations into the matter and sought assistance of external legal counsel and Specialist digital forensic experts.It may be noted that June 25, 2026, an unauthorized attempt was made by an anonymous party to access the company's corporate network.

Detailed summary

The Arabia Falcon Insurance (AFIC) stated in a filing to Muscat Securities Exchange (MSX) that the company has continued investigations into the matter and sought assistance of ext... The Arabia Falcon Insurance (AFIC) stated in a filing to Muscat Securities Exchange (MSX) that the company has continued investigations into the matter and sought assistance of external legal counsel and Specialist digital forensic experts.It may be noted that June 25, 2026, an unauthorized attempt was made by an anonymous party to access the company's corporate network. The Company's cybersecurity monitoring and protection systems successfully detected and flagged the activity at an early stage and immediately isolated the affected user accounts, preventing any unauthorized access to the network."Operations continued as usual with no disruption to whilst investigations remain ongoing, the Company has recently become aware that data appears to have been published."The company said that it is continuing to investigate the matter to understand what data may have been affected. To be clear, the company presently has no evidence Of any impact to any financial data, or any evidence of any detriment having been caused to any Of our customers.July 7 statementReference to the news circulated on social media regarding an alleged cyber-attack and data breach involving the Company, the Company would like to clarify that there has been no data breach, data leakage, or interruption affecting its operations.On June 25, 2026, an unauthorized attempt was made by an anonymous party to access the Company's Corporate network. The Company's cybersecurity monitoring and protection systems successfully detected and flagged the activity at an early stage and immediately isolated the affected user accounts, preventing any unauthorized access to the network.As a result of the prompt actions taken by the Company, all data, applications, and critical systems remained secure, and no information was compromised, accessed, altered, or leaked. The company's business operations continued without interruption.The company maintains robust cybersecurity controls and continuously monitors its systems and networks for potential threats. It remains vigilant and will continue to monitor and respond to any suspicious activities to ensure the ongoing protection of its systems, data, and stakeholders.This disclosure is made in response to the information circulated on social media and in compliance with the Company's disclosure and transparency obligations.

Background & context

This story sits within Oman's broader reform agenda and efforts to grow the economy as a pillar of non-oil GDP. The region benefits from supportive energy prices, expansionary government budgets, and rising interest from sovereign wealth funds and foreign investors.

Key numbers & facts

No specific figures were provided in the available source. See the original publisher for detailed numbers.

Key points

The Arabia Falcon Insurance (AFIC) stated in a filing to Muscat Securities Exchange (MSX) that the company has continued investigations into the matter and sought assistance of ext...
The Arabia Falcon Insurance (AFIC) stated in a filing to Muscat Securities Exchange (MSX) that the company has continued investigations into the matter and sought assistance of external legal counsel and Specialist digital forensic experts.It may be noted that June 25, 2026, an unauthorized attempt was made by an anonymous party to access the company's corporate network.

Why this matters

This matters because activity in GCC markets shapes capital flows, hiring and investor sentiment across Oman.

Economic & market impact

Potential ripple effects across GCC equities, banking activity and investor confidence. Watch listed regional names exposed to the story.

GCC angle

For the rest of the GCC, this is a signal on the pace of activity in the sector. Capital flows and regulatory decisions in one Gulf state typically travel across borders given the similar economic structures and the coordination inside the GCC framework.

Risks & uncertainty

There is uncertainty around the read-through: projections can be moved by swings in oil prices, by US monetary policy tightening that most GCC central banks track via dollar pegs, and by regional geopolitical events. Headline numbers may also be revised when subsequent official data is published.

What happens next?

Watch for upcoming disclosures from listed names in the sector, official macro releases for Oman, and any commentary from regulators or sovereign wealth funds. Tharwa will refresh this briefing as new public information becomes available.

Sources used

Oman Observer — Business