MUSCAT, 15 September 2018
Bank Muscat, the flagship financial services provider in the Sultanate, has won the Best Performing Company award instituted by Alam Al-Iktisaad Wal A’Mal (AIWA) business magazine. Sheikh Waleed Al Hashar, Deputy Chief Executive Officer, received the award for top performer among large companies listed on Muscat Securities Market (MSM) from H.E. Dr. Rasheed bin Al Safi Al Huraibi, Chairman of Oman Tender Board, at the ceremony attended by dignitaries, senior government and private sector officials.
Sheikh Waleed Al Hashar said: “Bank Muscat is proud to once again receive the AIWA award in recognition of its commitment to excellence in corporate leadership. As a listed company, Bank Muscat pursues strategic investor relations policy aimed at enhancing value for all stakeholders. The Bank regularly discusses financial results and business outlook with investors, which has helped in building a stronger corporate governance and investor relationship culture in Oman. Consistently winning prestigious awards helps Bank Muscat to define benchmark standards in operational excellence.”
Reflecting the momentum for the next phase of development by offering simplified and integrated banking solutions, the Bank in 2018 launched its dynamic vision ‘To serve you better, everyday’. Moving forward, the new vision comes in line with the developments in the financial sector, highlighting priorities, which are customer-centric and enhancing efficiency, productivity, creativity and flexibility, aimed at sustaining the leading position. At the core of the vision is the commitment to further improve the Bank’s leadership by offering simplified and integrated banking solutions.
The new vision is all about understanding the trends that will shape the Bank’s business in the future and moving swiftly to prepare for what is to come. The focus of the vision is to stretch further the standards in customer service. The Bank’s corporate values have also been redefined and simplified to be more specific and clear in line with the requirements of the next phase.
Renowned for top-notch customer service, Bank Muscat accords priority for building strong relationship with customers. With the widest reach and the largest network of branches spread across the Sultanate, Bank Muscat meets the expectations of customers at the grassroots level. The expanding branch network and alternative digital channels reflect the commitment to remain as the bank of first choice in all parts of the country, offering banking convenience at the doorstep of customers.
The 2018 AIWA Best Performing Company awards was based on a survey of companies listed on Muscat Securities Market (MSM). Gulf Baader Capital Markets (GBCM) conducted the survey and evaluated key financial parameters of the companies and the results were validated by KPMG.
The ranking of companies was based on their performance in the last fiscal year, taking into account a defined set of broad parameters, including growth, return ratios, productivity and profitability ratios measuring the growth and efficiency of the companies.