The Ministry of Social Development honors Bank Muscat for its corporate social responsibility

Muscat: Bank Muscat was recently honored by the Ministry of Social Development at a major event held under the patronage of His Highness Sayyid Kamil bin Fahd bin Mahmoud Al Said, Deputy Secretary General in the Cabinet of the Deputy Prime Minister for Cabinet Affairs , in recognition of its pioneering role in the field of Corporate Social Responsibility (CSR). The accolade was received by Sheikh Waleed K. Al Hashar, Managing Director of Bank Muscat at the ceremony, which was attended by a number of ministers, undersecretaries and senior officials from the public and private sectors.

On this occasion, Sheikh Waleed K. Al Hashar, Managing Director of Bank Muscat, said: “Bank Muscat’s social programs and initiatives are aligned with Oman’s development objectives, in particular the pillar of CSR and partnership in Oman Vision 2040, and this award is a great honor and inspiration to further the Bank’s pioneering role in social responsibility. We thank the Ministry of Social Development for this distinction and for enabling public-private partnership in a way that benefits our society and the nation. Bank Muscat always pays great attention to events of national importance, community activities and social responsibility programs, including those aimed at developing facilities and services for people with disabilities. It is our privilege to continue to work tirelessly to better serve everyone, every day, through a number of sustainable initiatives and programs.

Each year, as part of its commitment, Bank Muscat implements different CSR and sustainability programs that serve various segments of society, including youth and children, people with special needs, families in the social workers, entrepreneurs, students and communities across the country. It is with great pride that Bank Muscat works closely with the Ministry of Social Development on a number of programs, including the Tadhamun program, which has benefited over 1,690 families since its launch in 2013. Earlier in 2021 , the Bank provided laptops and tablets to 1,240 students from low-income families in a bid to support government efforts to make online education accessible to all students in the wake of the COVID pandemic -19. Through its partnership with the Ministry, the Bank has supported a number of students facing financial constraints to complete their higher education.

In line with its commitment to helping people with disabilities integrate into mainstream society, the Bank has previously partnered with the ministry on a number of activities, including the construction of a playground at the rehabilitation center in ‘Al Aman for severely disabled children and a sports field at the Al Wafa Center for the rehabilitation of disabled people. The Bank has also provided an agricultural greenhouse to the Al Khoudh Vocational Rehabilitation and Assessment Center to assist in the rehabilitation of persons with disabilities.

In 2022, Bank Muscat partnered with the Omani Association for the Hearing Impaired to provide a number of hearing aids to students at schools and universities in Oman while training a number of its employees at different branches across the Sultanate in Arabic sign language to improve finance inclusion for all. Over the past five years, the Bank has provided strong support to the Fak Kurba initiative launched by the Oman Lawyers Association to help secure the release of more than 1,000 people, particularly from low-income groups, who imprisoned for failing to meet their financial obligations. . Previously, in 2020, the Bank partnered with the Ministry of Tourism and Heritage to develop the old village of Misfat al Abriyeen in Al Hamra to boost heritage tourism in Oman. It has also partnered with Muscat Municipality to complete a 15,000 square meter Al Khoudh Park project in Seeb to promote domestic tourism and quality of life for the local community.

Bank Muscat, which is Oman’s leading financial services provider, runs more than 10 long-term social responsibility projects, including Green Sports, Al Wathbah SME Academy, Maliyat Financial Education Program and Irshad Financial Coaching, which aim to support different segments of Omani society. As part of its firm commitment to public-private partnership, the Bank is working closely with government institutions and a number of civil society organizations to support programs targeting different sections of society with the aim of creating lasting and positive changes in communities across the Sultanate.

Joel C. Hicks