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BankMuscat Contributes RO 3 Million Towards The
Rehabilitation Of Cyclone Victims
 Muscat.
10 June 2006: BankMuscat SAOG, the nation’s
leading bank, has pledged to contribute RO 3
million toward the rehabilitation of Cyclone
Gonu victims across the Sultanate. The amount in
question will be divided between the Ministry of
Social Development (RO 2 million) and the Oman
Charitable Organization (RO 1 million). The
funds will be made available to these
organizations over the next 12 months.
Speaking on
the occasion, Sheikh AbdulMalik bin Abdullah Al
Khalili, Chairman, BankMuscat said:
“Cyclone Gonu is without a doubt one of the
worst natural calamities to have hit the
Sultanate in living memory. Our heartfelt
condolences to those affected by the disaster.
As the nation’s leading Omani institution, we
feel it is our duty to stand by our brother’s in
this time of need. We truly appreciate the
tireless efforts of our administration
particularly, the Royal Oman Police, the Muscat
Municipality, the Ministry of Defense and other
key government departments in preparing us for
this natural disaster and now for their efforts
to restore normalcy to our lives, be it in terms
of restoration of power, water or
telecommunications services in the shortest span
of time.”
Explaining
the rationale behind the choice of these two
organizations and how the funds will be
deployed, Sheikh AbdulMalik added:
“There are several organizations that are
playing an extremely meaningful role in trying
to support the people who have been affected.
These include the Ministry of Social Development
and the Oman Charitable Organization, which have
been working literally around the clock to reach
out to people nationwide. We are confident that
they will ensure that the monies are deployed in
the right manner and reach those who can benefit
from it the most, across the length and breadth
of our country.”
Urging other socially responsible organizations
to also step forward in this manner, he added:
“I appeal to other socially responsible
organizations nationwide to also step forward
and contribute towards the cause of
rehabilitating the thousands of people who have
been affected by this natural disaster. Thanks
to the visionary leadership of His Majesty,
Sultan Qaboos bin Said, Oman has over the past
37 years been transformed from a country blessed
by nature alone to one that is fast being
counted amongst the foremost economies across
the GCC region.
“We, as flag bearers of the nation’s private
sector, must play our part in the nation
rebuilding process, even as His Majesty’s
government works towards rebuilding all the
infrastructure of our beautiful country. We are
confident that working together, we can once
more build the morale of our people, so that our
nation comes through even stronger than before.”
With assets worth over USD 8.5 billion,
BankMuscat (SAOG) is the largest Bank in Oman
today with a strong presence in Corporate
Banking, Consumer Banking, Investment Banking,
Treasury, Private Banking, Project Finance and
Asset Management. The Bank has a network of 100
branches and 230 ATMs in Oman and a
representative office in Dubai (UAE). BankMuscat
also has a strategic stake in Centurion Bank of
Punjab, one of the largest private sector bank
in India, and has a 49% stake in BankMuscat
International (BMI), an independent banking
entity in Bahrain that is focused on becoming a
truly GCC regional bank. The Bank has also
recently opened its operations in the Kingdom of
Saudi Arabia. |
