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Bank Muscat supports horse race to highlight importance of equestrian wealth

MUSCAT, 30 August 2015 – Bank Muscat, the flagship financial services provider in the Sultanate, as part of its commitment to preserving the country's rich traditions, heritage and culture extended lead support to an endurance race for Arabian horses and tent pegging competition organised by the Oman Equestrian Federation from 9 to 17 August as part of Salalah Festival. The event attracted participation of equestrian units and teams from the UAE, Saudi Arabia, Qatar and the United Kingdom.

The endurance race and tent pegging competition served as an opportunity to forge closer co-operation among equestrian enthusiasts in the region. The event helped to raise awareness on equestrian wealth which contributes to sustainable development and economic growth by generating income from horses bred for participation in races as well as other activities such as competitions and ceremonial functions.

Oman is famous for its pure-bred Arabian horses and the support to the event came within the bank's strategy to complement the government efforts in preserving the country's heritage and culture as also to raise awareness on equestrian wealth which is of economic importance to the country.

The partnership with Salalah Festival is an earnest attempt by Bank Muscat to propagate the core family values held dear by Omanis. As main sponsor of the annual festival, Bank Muscat aims to unite citizens, residents and visitors in sharing the good times and discovering the joy of being connected. The bank seeks to serve as a focal point in the preservation of Oman's rich heritage and culture, encouraging people to maintain a strong link to the glorious legacy, thereby reinforcing the Sultanate's distinct heritage and culture.