Cyclone Shaheen: Central Bank of Oman announces recovery grants for those affected

Muscat: Central Bank of Oman announces the allocation of 7 million Omani riyals to people who are affected by the tropical situation and calls on all banks to contribute to mitigating the repercussions of Shaheen.

“The Central Bank of Oman announces the allocation of fee income received by the Central Bank and banks operating in the Sultanate during the next five months, which is estimated at about 7 million Omani riyals, to beneficiaries affected by the tropical situation (Shaheen),” Oman TV news said in a statement.

The Central Bank confirms that it will coordinate with the government agencies concerned to transfer the amounts collected from these systems to the bank accounts designated to assist the affected.

The Central Bank of Oman calls on all banks to contribute to mitigating the repercussions of the tropical cyclone Shaheen on citizens, residents and their properties through a direct donation to the accounts designated for aid for this purpose and announced through the official authorities.