Muscat, Bank Muscat, as part of its corporate

social responsibility initiatives and commitment to talent development

and youth empowerment in the banking and financial sector, signed an

agreement with Petroleum Development Oman (PDO) to provide

vocational training leading to Association of Chartered Certified

Accountants (ACCA) qualification and job opportunities to 50 Omani

youth.

The signing ceremony was held at Bank Muscat head office

today under the patronage of Sheikh Abdullah bin Nassir al-Bakri,

Minister of Manpower.

Fifty Bachelor degree holders will be selected for the

programme to receive vocational training in the fields of finance and

accounting leading to ACCA qualification, funded by PDO. On

successful completion of the ACCA programme, the graduates will be

absorbed by Bank Muscat for employment in various departments.

Sheikh Abdullah bin Nassir al-Bakri commended the private

sector initiatives, which translate the government direction in human

resources development. “The banking and oil and gas fields are

leading in national employment initiatives and the agreement between

Bank Muscat and PDO to provide vocational training and employment

to 50 Omani youth marks a unique partnership initiative, Sheikh al-

Bakri said.

He urged the private sector to participate in various government

programmes to develop human resources, as well as support

jobseekers to take advantage of such training programmes.

On this occasion, Sheikh Waleed al-Hashar said: Bank Muscat

is pleased with the unique partnership initiative with PDO to enhance

the role of both institutions to provide vocational training and job

opportunities to Omani youth. The joint initiative to support Omani

youth acquire internationally recognised qualifications, as well as job

opportunities reflects the commitment of both institutions to human

resources development in Oman. Stemming from the directive of His

Majesty Sultan Qaboos Bin Said for creation of jobs, the initiative

comes as part of the Corporate Social Responsibility (CSR) and

commitment of Bank Muscat to talent development and youth

empowerment.

Abdul-Amir Abdul-Hussein al-Ajmi, External Affairs and Value

Creation Director of PDO, said: We are delighted to sign this

agreement with such a prestigious partner as Bank Muscat to fund

vocational training and job opportunities in the financial sector for

young Omanis. PDO has worked, and will continue to work, with a

number of trusted organisations both within the oil and gas sector and

beyond to promote In-Country Value (ICV), Omani skills and spur wider

economic diversification in the Sultanate.

During the 18-month training programme, Bank Muscat will

provide a monthly stipend to the trainees. The stipend will follow an

incentive scheme that gradually enhances the benefits in line with the

progress of the candidates in their studies and demonstration of

professionalism and success. Employment will be offered to all

candidates who join the programme and complete it successfully.

Bank Muscat accords top priority for human resources

development. The bank enrolled 221 new Omani staff to work in

different departments in the first eight months of this year, including

207 Omani youth as part of the national initiative to create 25,000 new

jobs on the Royal directive of His Majesty Sultan Qaboos Bin Said.

Bank Muscat has the distinction of outstanding leadership at all levels

and achieved 94.57 per cent Omanisation, giving priority for Omanis to

occupy key positions. Of the total 3646 employees, the number of

Omani employees presently stands at 3453. Omanis form 75% in the

higher management and 92.6% in the middle management cadres.

Bank Muscat earmarks substantial allocation for training and

development of human resources in all functions and responsibilities

assigned to them. The Jadara Academy provides a comprehensive

platform and framework for all staff learning and development

programmes in the bank. The Jadara Academy offers a wide range of

soft skills, leadership and functional development programmes. Since

2017, over 10,000 classroom training opportunities were provided and

7,800 employees completed different eLearning modules. The Ministry

of Manpower has endorsed the Jadara Academy as an authorised

training centre.

Abdul Razak bin Ali bin Issa, Chief Executive of Bank Muscat,

senior government and private sector officials and Management Team

members from Bank Muscat and PDO. The agreement was signed by

Sheikh Waleed al-Hashar, Deputy Chief Executive Officer (CEO) of

Bank Muscat, and Abdul-Amir Abdul-Hussein al-Ajmi, External Affairs

and Value Creation Director of PDO.

Source: Oman News Agency