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Bank Muscat ‘Jesr Al Mustaqbal’ trains 15 Omani youth as forex officers

MUSCAT, 28 April 2013 - Fifteen Omani youth from low-income families successfully completed a training programme to be employed as foreign exchange officers as part of a Corporate Social Responsibility (CSR) initiative by Bank Muscat. The beneficiaries underwent 7-month training at BahwanCybertek to be absorbed by Global Exchange Company in its outlets across the Sultanate. Abdulnasir Al Raisi, AGM – Corporate Banking, presented certificates to the youth at the graduation ceremony attended by senior officials of Bahwan Cybertek and Global Exchange Company. 


Abdulnasir Al Raisi said: “Bank Muscat is proud to see 15 Omani youth completing the ‘Jesr al Mustaqbal’ programme aimed at helping young Omanis from socially disadvantaged segments to receive proper education and vocational training that will enable them to develop employable skills and improve their living standards, social and economic status. With enhanced skills, they can actively participate in the service of society and development of the country. The bank is committed to corporate social responsibility and thereby contribute towards sustainable development by working closely with local communities with the aim of improving living standards in a manner that serves the national economy and development process at the same time.”


The training came under the bank’s ‘Jesr Al Mustaqbal’ (Bridge to Future) integrated CSR programme offering scholarships, training and rehabilitation directed to benefit young Omanis dependent on social welfare and hailing from low-income families. The 7-month training modules included basic and business English and aspects covering foreign exchange trade and role of cashiers. Along with theoretical classes, the trainees also had on-job training for two months.


Bank Muscat launched ‘Jesr al Mustaqbal’ programme in execution of the directive of His Majesty Sultan Qaboos to provide relevant educational and training opportunities to Omani youth to develop employable skills. To ensure continuity and success of the unique programme, the bank has allocated 20 per cent of its CSR budget for the programme.


Maryam Abdullah al Tarschi, one of the ‘Jesr Al Mustaqbal’ beneficiaries thanked Bank Muscat for the initiative which contributed to developing workplace skills. “I am very happy to receive the scholarship which has helped me in my career advancement. I will do my best to excel in my workplace and give back to the country my contributions as a a responsible citizen.”


Adel Abdul Rahman al Saidi said: “I am very happy to complete the training programme which has helped me to secure a bright future. I look forward to motivate other youngsters to benefit from Bank Muscat educational and vocational programmes.” Kadiyah Said Al Amri said: “I thank Bank Muscat for this opportunity to lay a strong foundation for my life.”


Bank Muscat is the first Omani bank to establish a full-fledged CSR department. Considered among core values, the CSR policy stems from the bank’s strong belief in the importance of social responsibility. It reflects the bank’s concern and care for various segments of society. The bank is of the view that its social responsibility is not merely participation in charitable works and organisation of voluntary campaigns, but responsibility towards all-round development of society.


Bank Muscat focuses on all types of projects that fall within the framework of social responsibility and their importance and overall benefit both to society and individuals. The prime consideration includes the benefit reaching the largest number of individuals; the youth and job-seekers and provision of opportunities for the development of skills/human capital. Efforts are also targeted at individuals with special needs to enhance their capabilities with the aim of integrating them into mainstream society.