MUSCAT, 12 January 2016 – Bank Muscat, the flagship financial services provider in the Sultanate, as part of its 'Let's Do More' vision and commitment to partnership in supporting Omani youth, signed an agreement with the Ministry of Higher Education to provide 20 scholarships to Omani students pursuing undergraduate programmes in Oman during the 2014/2015 academic year. Hamad bin Hamoud al Balushi, Director-General of Scholarships at the Ministry of Higher Education, and Salim Al Kaabi, General Manager – Credit, signed the agreement for the bank's 'Jesr al Mustaqbal' (Bridge to Future) higher education scholarships to be given to Omani youth belonging to social welfare families. With this, the total number of scholarships given by the bank through the Ministry of Higher Education touches 28.
Salim Al Kaabi said: “Bank Muscat is proud to present 20 more 'Jesr al Mustaqbal' scholarships aimed at helping Omani youth from social welfare segments to pursue higher education and thereby attain employable skills. The 'Bridge to Future' programme is a commitment by the bank to provide Omani youth with opportunities to build a strong foundation for a better future. Bank Muscat is committed to 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. The bank will continue to support Omani youth as part of this annual CSR programme."
Bank Muscat launched 'Jesr al Mustaqbal' in 2012 in execution of the directive of His Majesty Sultan Qaboos Bin Said to provide relevant educational and training opportunities for Omani youth to develop employable skills. The comprehensive Corporate Social Responsibility (CSR) initiative is targeted at young Omanis - both male and female from social welfare families who have not been able to complete their education for various reasons.