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MUSCAT, 23 April 2014 - Bank Muscat, the flagship financial services provider in the Sultanate, as part of its commitment to add value to national development initiatives, opened a state-of-the-art branch in Duqum. H.H. Sayyid bin Taimour bin Assad Al Sai

MUSCAT, 26 April 2014 –  Bank Muscat, the flagship financial services provider in the Sultanate, presented 'Jesr al Mustaqbal' (Bridge to Future) higher education scholarships for 2014 to Omani youth at a ceremony held at the bank's head office. 

'Jesr al Mustaqbal' was launched by the bank in 2012 in execution of the directive of His Majesty Sultan Qaboos to provide relevant educational and training opportunities for Omani youth to develop employable skills. The comprehensive Corporate Social Responsibility (CSR) initiative offers educational and vocational training sponsorship for young Omanis - both male and female from low-income and limited income families who have not been able to complete their education for various reasons.

Salim bin Mohammed Al Kaabi, DGM - Human Resources Management, congratulated the scholarship beneficiaries and urged them to take full advantage of the opportunity provided by the bank to achieve academic excellence and success in life.

Al Kaabi said: “Bank Muscat is proud to present the 'Jesr al Mustaqbal' scholarships aimed at helping Omani youth from low-income segments to pursue higher education and vocational training and thereby attain employable skills. The 'Bridge to Future' programme is a commitment by the bank to help Omani youth gain employable skills. The bank will continue to support Omani youth as part of this unique CSR programme."

Secondary school graduates from low-income families are eligible to apply for the scholarship to pursue undergraduate diplomas at selected colleges and universities. The study programmes offered are diploma in Banking, Accounting, Finance or Information Technology, with its duration not exceeding three and a half years. The sponsorship covers course registration, tuition fees, books and a monthly allowance.

Beneficiaries must be unemployed Omani nationals below 20 years and they must have completed Secondary school with at least 70 per cent marks, with the course completed not more than two years prior to the proposed date of enrolment to college. Candidates applying for sponsorship are required to clear the placement test conducted by respective colleges. Priority is given to students from low-income families with no employed members. Scholarships are available for students from all regions in the country.

The scholarship beneficiaries thanked and appreciated Bank Muscat for facilitating the opportunity for higher education. Jawahir bint Rashid al Salthi, who has enrolled for a programme in Finance in Sharqiyah University, said: “This opportunity opens new horizons for my future and career. I will make every effort to achieve positive results and excel in my studies to ensure a good future for myself and my family."

Ghalia bint Mohammed al Gamadi, who has enrolled for a programme in IT in Sharqiyah University, said she was very happy to be selected for 'Jesr Al Mustaqbal' scholarship.  “I thank Bank Muscat for this opportunity to lay a strong foundation for my life."

Al Kaabi added: “Bank Muscat is committed to its 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 complements the national economy."