Bank Muscat SAOG 2023 Annual Report with Sustainability Disclosures
The report highlights Bank Muscat's financial and operational performance for the fiscal year ended December 31, 2023. The bank achieved a net profit of RO 212.45 million, representing a 5.8% increase from 2022, driven by customer-centric strategies and digital transformation. Key achievements include financing two major solar power projects in support of Oman's 2050 Net Zero target and expanding its digital banking services to over 1.8 million users. Additionally, the bank continued its corporate social responsibility efforts through programs like Green Sports, Tadhamun, and Al Wathbah Academy, while maintaining a 93% Omanisation rate across its workforce.
Company: Bank Muscat SAOG
Sector: Finance & insurance
Country: Oman
Year: 2023
Type: Annual Report with Sustainability Disclosures
Pages: 278
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Bank Muscat SAOG
Annual Report
The report highlights Bank Muscat's financial and operational performance for the fiscal year ended December 31, 2023. The bank achieved a net profit of RO 212.45 million, representing a 5.8% increase from 2022, driven by customer-centric strategies and digital transformation. Key achievements include financing two major solar power projects in support of Oman's 2050 Net Zero target and expanding its digital banking services to over 1.8 million users. Additionally, the bank continued its corporate social responsibility efforts through programs like Green Sports, Tadhamun, and Al Wathbah Academy, while maintaining a 93% Omanisation rate across its workforce.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees