MUSCAT, 16 September 2014 – Bank Muscat, the flagship financial services provider in the Sultanate, as part of its commitment to human resources development nominated nine senior Omani executives to participate in management and leadership development programmes at leading global business schools.
Participation in these programmes was carefully selected to enable the management executives to accelerate their career development to lead through periods of growth and turbulence and sustain the bank's competitive advantage.
AbdulRazak Ali Issa, Chief Executive, said: “Built on the solid foundation of its talented people, Bank Muscat has achieved steady and significant growth to emerge as the leading financial institution in Oman. The bank enjoys the legacy of moulding the finest Omani talents and has adopted innovative strategies to equip Omani employees to take up leadership positions in tandem with future challenges. The bank has a high level of commitment towards its people, encouraging them to take ownership and responsibility and contribute to the growth of the organisation. The bank continuously invests to build human capacity and create career opportunities for talented employees. The bank has been able to derive maximum mileage in this regard as most of its middle and senior management cadres are drawn from within the bank."
Salim Mohammed Al Kaabi, Deputy General Manager - Human Resources, participated in 'Human Resource Strategy in Transforming Organisations' programme at the London Business School. Abdulnasir Al Raisi, Assistant General Manager - Corporate Banking, participated in 'Programme for Executive Development' at the Institute of Management Development (IMD), Switzerland. Abdullah Tamman Al Ma'ashani, Assistant General Manager - Direct & Institutional Sales, attended 'The Leadership Transition' programme at INSEAD, France. Ahmed Musallam Al Barami, Assistant General Manager – Chairman's Office, participated in 'Achieving Outstanding Performance' programme at INSEAD, France. Ahmed Omar Awadh Al Ojaily, Chief Operating Officer - Riyadh Main Branch, attended 'Financial Seminar for Senior Managers' programme at London Business School. Osamah bin Mahmoud Al Abdullatif, Chief Executive Officer - Kuwait Branch, participated in 'High Performance Leadership' programme at the Institute of Management Development (IMD), Switzerland. Sheikha Al Farsi, Assistant General Manager - Financial Control, Strategy & Planning, Ilham Al Humaid, Assistant General Manager - SME Credit, Marketing & Regional Corporates, and Tariq Atiq, Assistant General Manager - Cards & eBanking, are currently participating in the General Management Programme at Harvard Business School in the United States.
Bank Muscat has the distinction of outstanding leadership at all levels and attracts the best cadres for employment. The bank has exceeded 93 per cent Omanisation, giving priority for Omanis to occupy important positions. The bank's women empowerment strategy is also notable as 42 per cent of staff comprise women holding various positions, including senior management positions. Bank Muscat remains committed to developing its leadership pool from among talented young Omanis and thereby contribute to Oman's future.
Bank Muscat is the first bank in the world to receive the People Capability Maturity Model (PCMM) Level 3 certification for adopting benchmark human resources process improvements. The global best practices like PCMM certification ensure that the employees are equipped to chart new frontiers. The bank was declared an Investor in People (IiP) organisation in 2007 becoming the first organisation in the MENA region to be awarded the prestigious global recognition and continues to retain the certification through subsequent assessments.