OQ officially joins SWIFT network integration

Muscat: OQ has officially joined the SWIFT network, the global financial messaging system operated by the Society for Worldwide Interbank Financial Telecommunication. This strategic move enables OQ to receive electronic bank statements directly via its own SWIFT address, without intermediaries.

The integration empowers OQ to manage its financial operations with greater transparency, accuracy, and real-time access to banking data from both local and international institutions. This enhances investor confidence and strengthens the Group’s global appeal.

“This achievement marks a major milestone in OQ’s digital transformation journey and reflects our ongoing commitment to implementing international best practices,” said Sabrina Al Bakri, Chief Financial Officer at OQ. “By adopting advanced financial infrastructure and streamlining institutional financing processes, OQ continues to position itself as a future-focused energy leader rooted in operational excellence,” she added.

Direct integration with SWIFT significantly streamlines bank reconciliation cycles, enhances the accuracy and timeliness of financial reporting, and reinforces the integrity of daily transactional accounting. This advancement supports OQ’s broader strategy to modernise its financial architecture and implement digital solutions that drive operational agility and fiscal discipline across the Group.