Bank Muscat staff honoured at 35th anniversary celebrations

Muscat: Bank Muscat, the flagship financial services provider in the Sultanate, hosted a grand ceremony at the head office to mark the 35th anniversary in the presence of Abdul Razak Ali Issa, chief executive, and management team members. Coinciding with the milestone occasion, employees who completed more than 20 years of service were honoured.
Highlighting the bank’s achievements, Abdul Razak Ali Issa said: “Bank Muscat is proud to celebrate the 35th anniversary of its successful journey. The bank’s achievements and successes contributing to the national economy and society are attributable to the efforts and skills of staff who serve with a sense of belonging to the institution as one family. The bank remains committed to its responsibility in the continuation of progress and development by focusing on creativity and innovation to achieve more success.”
Bank Muscat started operations with 30 employees at its inception in 1982 to reach 3619 employees by the end of October this year with 94% Omanisation. The bank’s human resources strategy is notable in maintaining gender diversity as 48 per cent of employees are women holding various positions, including senior management positions.
Bank Muscat reckons its competent people as key strength and is focused on equipping them to make vital contributions to the bank's growth and success. The bank plays a prominent role in the development of Omani talent and is committed to investing in improving their skill and expertise.
Waleed Al Hashar, deputy chief executive officer, said, “Bank Muscat is proud to celebrate the valuable contributions of its staff. Identified as the ‘Best Place to Work in Oman’, Bank Muscat recognises human resources as its most important asset. The bank has a high level of commitment towards its people, encouraging them to take ownership and responsibility and contribute to the growth of the organisation. The bank continuously invests to build human capacity and create career opportunities for highly-qualified Omani nationals.”
Bank Muscat has been successful in maintaining the highest standards of people management, setting a fine example in continuously building human capacity and creating career opportunities for Omani nationals. The people learning and development strategies pursued by the bank are integrated with its overall strategies based on the business plan. The human resources strategy has helped the bank to reinforce its position as the employer of choice.
Bank Muscat has achieved phenomenal success in the human resources sector, which reflect positively on the performance and development of the bank's operations not only in the Sultanate but also at the regional level.
Today, the bank’s network is spread across all regions in the Sultanate, from one branch in 1982 to the largest network of 156 branches and electronic channels as well as branches in Saudi Arabia, Kuwait and representative offices in Dubai, Singapore and Iran. From a limited number of customers, the bank today has the largest customer base of more than 1.8 million benefiting from innovative products and services. The bank’s assets have also marked a phenomenal growth from OMR16 million in 1982 to more than OMR10 billion today.