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Bank Muscat wins ‘Quality of Disclosure’ award by MSM

MUSCAT, 13 May 2018

Bank Muscat, the flagship financial services provider in the Sultanate, in line with its vision ‘To serve you better, everyday’ and commitment to strategic investor relations policy, has won the ‘Quality of Disclosure’ award by Muscat Securities Market. The award honoured the best five listed companies in maintaining benchmark standards in disclosure.

Abdulsalam Mohammed Al Murshidi, Chief Executive Officer of the State General Reserve Fund, presented the award which was received by Ilham Murtadha Al Hamaid, Deputy General Manager - Large Corporates.

The ‘Quality of Disclosure’ awards come as part of efforts by the Capital Markets Authority (CMA) to promote disclosure norms and raise awareness on the importance of prompt market disclosures.

Ilham Murtadha Al Hamaid said: “Bank Muscat is proud to win the ‘Quality of Disclosure’ award’ in recognition of its benchmark disclosure and Corporate Governance practices. The award reflects a 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. As always, Bank Muscat takes proactive measures to enhance investor relations. We thank the CMA and MSM for the efforts to enhance awareness of the importance of disclosure.”
Bank Muscat reckons that fully engaging with investors enables companies to present themselves more favourably. Investors, as well as other financial stakeholders, favour companies which display behaviour consistent with this approach. Bank Muscat remains focused on sustaining banking excellence and enhanced value for all stakeholders.