Bank Muscat takes part in Oman Science Festival and promotes financial literacy

Affirming its pivotal contributions to events that target various fields such as creativity, innovation, and community service, Bank Muscat, the leading financial services provider in the Sultanate of Oman, announced its participation in the 4th edition of the Oman Science Festival 2024, which will take place at the Oman Convention and Exhibition Centre from 4-11 November. This edition is themed “Our Sustainable Resources” and it aims to illuminate diverse areas of creativity, science, and knowledge, serving as a foundation for building a sustainable knowledge society. Bank Muscat’s participation in this festival reflects the importance of the fields of science which will be focused on throughout the event period and reaffirms the Bank’s pioneering role in sustainability, corporate social responsibility, and community service. During the festival, the Bank will have a dedicated booth where a variety of educational activities and competitions will be organised around the subject of financial literacy and its importance for different segments of society. These knowledge-focused activities will play a pivotal role in enhancing public financial awareness and financial management skills of the target segments, thus, contributing to the sustainable development of the Sultanate.
The dedicated booth is designed as a small educating city named “Maliyat Academy” and it comprises engaging activities targeting different age groups. All visitors may take part in the variety the learning and engaging competitions and activities, aiming to provide them with a useful experience and encourage them to enhance their awareness about financial literacy.
Financial awareness is very important among individuals in the society, as it allows them to gain the confidence, skills, and knowledge needed to take proper financial decisions in multiple areas in life. Considering the present economic changes, gaining financial awareness constitutes an important practice as it helps individuals and families enjoy financially stable and decent lives and represents a crucial pillar for futuristic economic growth both for Omanis and non-Omanis. Hence, it critical that all individuals be financially aware and knowledgeable in order for them to be able to set proper financial plans for their future, understand major terminology related to finance such as budgets planning, managing expenses, saving, investment, , and giving back to community, in addition to coping with unexpected life circumstances such as economic crisis and job loss cases.
Bank Muscat’s sustainable and CSR-focused initiatives and Programmes represent one of the key pillars which the Bank has constantly committed to implementing and enhancing during its journey spanning over 40 years in partnership with multiple governmental institutions. These Programmes revolve around multiple areas such as education, youth, sport, health, energy, and entrepreneurship, targeting different segments of the Omani society. During the past few years, it should be noted that the Bank has successfully launched a number of initiatives and events that aimed to bring effective impacts on the society and country.