(MENAFN- The Peninsula) The Peninsula
Commercial Bank dignitaries including Board Members and senior management participated in an event held to mark the opening of National Bank of Oman's (NBO) new headquarters office in Muscat.
NBO is the Oman's first local bank founded in 1973. Part of the Commercial Bank since 2005, Commercial Bank holds a 34.9 percent stake in NBO.
NBO's new headquarters is a 50,000 square meter, nine-story landmark. The building is the latest jewel on Muscat's skyline, providing high-quality office space and innovative support facilities as NBO enters a new phase of growth in line with Oman's economic diversification agenda. From its new home, NBO will continue to drive innovation, support entrepreneurs, finance education programmes, promote Omani sport, and help organise assistance for the least able in the community. NBO remains fully committed to making a positive impact and helping to transform the Sultanate to a sustainable knowledge-based society.
The unveiling of the new headquarters is representative of a new era for NBO, as it continues on its mission to deliver a consistently superior customer service, drive value for its shareholders, and contribute to the nation's growth and prosperity for many years to come.
Sheikh Abdulla bin Ali bin Jabor Al Thani, Commercial Bank Chairman of the Board of Directors said: 'Qatar and Oman continue to strengthen their relationship which will benefit the strategic alliance between Commercial Bank and NBO, enabling both banks to continue to grow and prosper.
Hussain Alfardan, Commercial Bank Vice-Chairman said: 'Qatar and Oman are strategic trading partners, and the Commercial Bank is well positioned to capitalize on the increasing investment flows between the two countries.
Omar Alfardan, Commercial Bank Managing Director said: 'NBO's impressive new headquarters is a reflection of its financial strength and leading role in the Omani private sector.
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