Development plan discussed at ODB annual meeting

MUSCAT: The Oman Development Bank (ODB), a pioneer in development financing, held a meeting of its executive board with managers of various departments, branches, and sections at Hotel Sheraton.

In the meeting, the implementation of the operational plan and annual budget approved by the board of directors were discussed.

This was to strengthen the efforts aimed for development financing for products and services which have added value and matches with the government’s plans for diversification of the economy.

It will give support to national investments at all levels in various sectors in the Sultanate.

The meeting was aimed to apprise the ODB officials about the development plan for 2020 for which there is a fund of OMR80 million.

This is part of the investment initiatives for the product and services sector.

The meeting also discussed the performance of the bank during 2019, as well as the plans of the various departments for training of its employees to increase their skills as the bank wants to meet its goals to match the requirements of the development financing in the future.

The annual meeting made deliberations on the employment plans for the coming year to meet the needs of ODB’s for skilled employees.

The executive board also listened to the proposals of the managers of the branches to meet the goals of the bank and the approach of the board of directors regarding this. The executive board and the officials of various departments and branches exchanged views about the improvement of performance in the future.

At the end of the annual meeting, a seminar was held on ‘Fourth Industrial Revolution’ to increase awareness of the employees and managers about the latest technological developments which could help their work.