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Bank Muscat hosts ‘Try Sailing’ event for women

MUSCAT, 02 October 2013 – Bank Muscat, the flagship financial services provider in the Sultanate, in association with Oman Sail, hosted a special event to introduce sailing to women, attended by prominent clients, staff and stakeholders.

The ‘Try Sailing’ event was organised at The Wave, Muscat as part of the bank’s exclusive Zeinah services for women and social responsibility initiatives in support of women empowerment. The programme was conducted by Omani women instructors trained as part of Oman Sail’s Women’s Sailing Programme.

The bank is closely associated with Oman Sail’s Women’s Sailing Programme aimed at inspiring a new generation of young Omani women to take up sailing both for leisure and career options. The unique programme supports women empowerment to create a sustainable sailing future for women in the country.

Notably, the bank’s lead support to the all-women crew of Thuraya Bank Muscat team which participated in Sailing Arabia – The Tour has achieved outstanding results with one of the members, Raiya Al Habsi becoming the first Arab to be nominated for the prestigious Rolex Sailor of the Year award. Raiya is a shining example of how the programme is creating a sustainable sailing future for women in the country and contributing to empowerment of women.


al Mazyona rewards reach more customers

MUSCAT, 01 October 2013 – The Sultanate’s flagship al Mazyona savings scheme from Bank Muscat celebrated the weekly and monthly prize draws at Muscat Intercontinental Hotel branch.

Thirty customers, including three Priority Banking customers, were rewarded with RO 10,000 each in the monthly prize draw. al Mazyona Customers maintaining a minimum balance of RO 1000 get a chance to win RO 10,000 every month. Twenty-seven monthly prizes are reserved for the governorates - 9 in Muscat, 6 in Batinah, 3 in Dhakliya+Wusta, 3 in Dhahirah+Musandam, 3 in Dhofar and 3 in Sharqiya. The more the balance, higher the winning chances.

The weekly draw also rewarded 30 customers, including three Zeinah customers, who won RO 1,000 each. With 3 weekly prizes reserved for every governorate, customers have a very good chance to win RO 1000 with just a minimum balance of RO 100. The weekly prizes reserved for governorates include 9 in Muscat, 6 in Batinah, 3 in Dhakliya+Wusta, 3 in Dhahirah+Musandam, 3 in Dhofar and 3 in Sharqiya. Customers get one chance for every RO 100 balance.


Standard Chartered to provide Custody and Fund Administration Services for Al Mal Capital

Dubai, UAE, 1 October, 2013 – Standard Chartered announced today its partnership with Al Mal Capital to provide the investment institution with Custodial and Fund Administration services. This comes as part of Standard Chartered’s continued commitment to bring best international practice to the sector in the region and the UAE.

Under the terms of the partnership, Standard Chartered will deliver Custody Services such as equity and fixed income securities settlements, safekeeping, corporate actions, income and entitlements collection, cash management, reporting, and market information services. The bank will also provide multiple Fund Services including fund accounting, fund administration and transfer agency services.

Standard Chartered continues to expand its fund services capabilities in the Middle East. The Bank’s services portfolio includes fund accounting and administration, compliance reporting, performance measurement and analytics, and institutional transfer agency services. The bank’s regional fund services currently support funds domiciled in and managed out of Bahrain, Oman, the UAE, Qatar, and the Kingdom of Saudi Arabia.


Bank Muscat wins Strongest Bank in Oman award by Asian Banker

MUSCAT, 30 September 2013 – Bank Muscat, the flagship financial services provider in the Sultanate, has won the Asian Banker Strongest Bank Balance Sheet in Oman award for 2013.


Senior executives from around the world interested in Asian and Middle Eastern banks were present at the Asian Banker 500 Largest Banks, Strongest Bank Balance Sheets

recognition ceremony held in Dubai.


AbdulRazak Ali Issa, Chief Executive, said: “The Asian Banker Strongest Bank Balance Sheet in Oman award attests the leadership position and performance excellence by Bank Muscat. The award commemorates the achievements of Bank Muscat and we are sure that the exemplary standards set by the bank will serve as an inspiration for others and help us redefine our strategies and enhance our competitive advantages. The award will help us to further improve the benchmark in best practices and unique propositions for the customer."


Momentum builds up for RO 1 million al Mazyona grand prize

MUSCAT, 29 September 2013 – Momentum has started building up for the RO 1 million al Mazyona year-end grand prize as al Mazyona customers in Dhofar governorate celebrated the Sultanate’s flagship savings scheme at a ceremony in Salalah. The grand prize will be shared by 10 customers covering all the governorates, including one Priority Banking customer, who will receive RO 100,000 each. Customers maintaining a minimum balance of RO 1000 for the last quarter of the year are eligible for the grand prize draw.


Bank Sohar Supports Omani Association for Friends of the Elderly

Muscat, 29 September 2013: Believing in the social responsibility of the private sector and the essential role it plays in the development of society, Bank Sohar recently funded the Omani Association for Friends of the Elderly for the purpose of purchasing essential materials and equipment for the operation of the centre, as part of the Bank’s ongoing efforts to support different segments of the community.

Official records show changes in the demography in Oman with increased numbers of older people due to the improvement in healthcare and the socioeconomics. The donation aims to help providing materials, equipments and other logistics needed to facilitate the association’s efforts and initiatives in the community.


Bank Muscat wins Wells Fargo award for fund transfer

MUSCAT,  28 September 2013 – Bank Muscat, the flagship financial services provider in the Sultanate, has won an award from Wells Fargo bank for outstanding performance in dollar denominated fund transfer and commercial payments. Abdullah Al Hinai, DGM – Investment Banking & FIG, received the straight through processing (STP) Excellence Award for USD payments for the year 2012.


Big boost for women empowerment as Bank Muscat launches online forum

MUSCAT,  25 September 2013 - Bank Muscat, the flagship financial services provider in the Sultanate, as part of its commitment to SME development and women empowerment initiatives has launched the first-of-its-kind online networking forum for women entrepreneurs. Manal Mohammed Al Abduwani, Chairperson of Oman Flour Mills, presided at the launch ceremony of al Wathbah Businesswomen’s Forum, in the presence of AbdulRazaq Ali Issa, Chief Executive, at the bank’s head office.

Manal Mohammed Al Abduwani congratulated Bank Muscat for launching al Wathbah Businesswomen’s Forum and said: “This is a unique initiative benefiting women entrepreneurs in Oman. The forum fulfills a long-felt need in bringing together businesswomen and helping them to benefit from each other’s business expertise and experience. The forum will serve as a source of inspiration and encouragement for women to embark on SME initiatives and thereby contribute to progress and development in Oman.”

AbdulRazaq Ali Issa said: “Bank Muscat is proud to facilitate various opportunities to address the challenges faced by women entrepreneurs and provide a favourable environment critical to SME success. In an environment where competition is becoming tougher, identifying and seizing opportunities is essential for Omani SMEs to survive and grow.  Al Wathbah Businesswomen’s Forum is aimed at helping women entrepreneurs to identify opportunities to successfully promote their SME operations. The forum is designed to inspire and engage women as entrepreneurs and propel their business with easy business techniques.”



Muscat, September 24th 2013 – alizz islamic bank (SAOG) is gearing up to officially launch services next week at its flagship branch located at the alizz Tower in the Central Business District (CBD). Promising to provide commercial and corporate customers an enriching banking experience designed for today’s fast and modern world, the bank will offer Shari’a compliant financial products and services including a number of market firsts.  

Jamal Darwiche, Acting Chief Executive Officer of alizz islamic bank said, "We have taken a careful approach to gain valuable market insight and further refine our financial offerings by working closely with the Fatwa and Shari’a Supervisory Board to develop unique product and service propositions. We will offer a pure banking experience that meets the needs of today and celebrates traditional and cultural values. As Oman’s newest Islamic bank, we look forward to contribute to the prosperity and development of the nation.”

Over the last nine months, alizz islamic bank has centered its efforts on building human capital by employing a highly qualified cadre of professionals across all levels of the organization including several senior Omani appointments. In addition, alizz conducted a series of training sessions on central banking systems to equip staff with expert system knowledge to deliver exceptional, responsive customer service. Furthermore, the bank has utilized a specialized Oracle core banking platforms and NCR customer systems to manage operations using best of breed technology.


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