Bank Muscat provides external postgraduate scholarships to 13 staff

This year’s external scholarships are in addition to the 68 internal scholarships to pursue higher studies within Oman

MUSCAT: In line with its pioneering role in the development of Omani human resources, Bank Muscat, the leading financial services provider in the Sultanate, has announced external postgraduate scholarships for 13 talented employees in 2022.

This year’s external scholarships are in addition to the 68 internal scholarships to pursue higher studies within Oman. In 2021, the bank gave 7 external scholarships and 95 internal ones to its employees. Bank Muscat makes opportunities available for staff to pursue part-time diplomas / Bachelors programmes at local colleges and universities as well as postgraduate programmes at leading international business schools as part of a strategic plan to create a pipeline of leaders not just for itself, but also for the overall growth and development of the nation.

Bank Muscat, which has an Omanisation ratio of over 94%, recognises that employees are its core strength and constantly invests resources to further develop their skills and help them reach their peak potential. From the moment of joining the bank, suitable training and development opportunities are provided to make employees skilled in work-related processes and procedures so that they can deliver to the best of their abilities. The bank is responsive to employee feedback and strives to ensure a professional work environment that is based on fair and equal opportunities to all employees, cutting-edge technology and global financial best practices.

Speaking about the many successes and achievements by the bank over the last four decades, Said Salim Al Aufi, General Manager - Human Resources and Administration said: “Bank Muscat’s HR practices focus on nurturing and supporting our talented employees to meet the ambitious growth plans of the bank.

“Recognising that highly motivated employees are the foundation of the bank’s success, it makes all efforts to ensure that employees are well trained and motivated to perform to the best of their abilities through excellent training and well rewarded opportunities. I would also like to take this opportunity to congratulate and wish all the best to the 13 external scholarship holders who will be off to some of the best international business schools for their higher studies. Bank Muscat looks forward to their return and good progress in their careers after successfully completing their respective courses, thereby helping both the bank and our nation achieve excellence.”

Bank Muscat also provides numerous opportunities for employees to pursue undergraduate, postgraduate and professional certifications through scholarships locally, online and overseas. Besides the 13 scholarships, the bank provided as well educational assistance for 68 employees were provided to pursue higher studies within Oman (Diploma / Bachelors / Masters). As of 2022, 582 employees have completed their studies in Oman while 158 employees are currently enrolled in different higher education programmes. As of date, 72 overseas scholarships have been granted by the bank while 818 employees have completed their professional certifications with another 496 employees currently enrolled.

Earlier in 2022, the bank successfully participated in the Career and Training Opportunities Fair organized by Sultan Qaboos University (SQU).

This year the bank has already recruited 150 Omanis till date, while in 2021, 265 Omanis were recruited to support the Sultanate’s

job creation initiatives.

The bank’s Jadara Academy, which is accredited by the Global Association of Corporate Universities and Academics, provides a comprehensive platform and framework for all staff learning and development programmes. In 2021, the Jadara Academy was able to deliver over 15,000 learning opportunities to over 3,800 employees across various functional and knowledge areas.

The bank has been greatly encouraged by the results of this continuous investment in Omani human resources.