Bank Muscat, the leading financial service provider in the Sultanate of Oman, celebrated the inauguration of the 300-olive-tree planting initiative in the village of Al Manakhir, Jabal Al Akhdhar. This is part of the Bank’s CSR sustainable efforts, which aim to serve the community and foster the Sultanate’s economic growth bylaunching projects with long-term ecological, social, and economic impact.
Speaking on the occasion, Talib Saif Al Makhmari, Head of Community & Media Relations, Bank Muscat, said: “We are delighted to witness the launch of the 300-olive-tree plantinginitiative in Al Manakhir village, Jabal Al Akhdhar. The project is part of Bank Muscat’s CSR sustainable initiatives, which aim to serve the community and foster the Sultanate’s economic growth by launching projects that have a positive ecological, social, and financial impact. Jabal Al Akhdhar is a popular tourist attraction and agricultural area in the Sultanate, with a temperate climate conducive to agricultural endeavours. This project will benefit the village’s residents by leveraging the returns realized. Bank Muscat will continue to undertake such efforts, partnering with different institutions, to promote ecologically sustainable practices, which will contribute to the in-country value.”
The Bank is committed to supporting the community in a variety of sectors that have a significant social impact, such as education, youth, sports, health, SMEs, and environment. As part of its CSR initiatives, the Bank executes various sustainable programmes including Green Sports, Tadhamun and Al WathbahAcademy for small and medium enterprises. Previously, theBank worked with a number of institutions to complete development projects, including the Ministry of Heritage and Tourism for the old village of Misfat al Abriyeen in Al Hamraand Muscat Municipality for Al Khoudh Park project in Seeb. Bank Muscat has earlier implemented a number of programmes focusing on financial literacy, including Maliyat programme and Maliyat Academy in partnership with the Ministry of Education.
Bank Muscat also undertakes an action plan to maximise prospects for economic competitiveness as well as enable growth and development in accordance with Oman Vision 2040. As a leading financial institution, the Bank works relentlessly to maintain sustainability in its varied activities while also serving the Omani community through annual programmes that emphasise the importance of sustainability in ensuring a better future for all.
It is a matter of great pride that the Bank has been well recognised both locally and internationally for its sustainability practices. This year, it was recognised at the Oman Sustainability Week Awards and received Euromoney’s Best Bank CSR Award.
