Oman- Bank Sohar board, management discuss strategy for next...| MENAFN.COM

Saturday, 03 December 2022 12:40 GMT

Oman- Bank Sohar board, management discuss strategy for next 5 years


(MENAFN- Muscat Daily) Muscat- In line with its ambitious vision and comprehensive growth plans following ten years of success, Bank Sohar recently conducted a workshop to discuss the roadmap and set the framework for its operations in the upcoming five years.

During the event, which took place at the Crowne Plaza Muscat, the bank's board of directors and executive management highlighted the current economy variables and the latest developments in the local and international market.

They also discussed different scenarios to overcome potential future challenges and put together comprehensive strategies to move forward and achieve the bank's organisational objectives, a press release said.

Commenting on the outcome of the workshop, Bank Sohar chairman Abdullah Humaid al Mamary said, 'Bank Sohar has always been a leading player in the Omani private sector, driving the growth of the national economy and contributing to its diversification.

Therefore, this workshop was conducted to set the roadmap for the next five years and to put in place the key goals for the bank in order to move forward and build on the resounding success we achieved since the commencement of our operations.'

The meeting highlighted areas of development as per customer feedback and market requirements, and participants shared a status update and touched base with the overall vision of the bank's executive management.

Discussions also covered specific targets within each area of the business, including wholesale banking, retail banking, network expansion, digitalisation of services, simplification of processes and procedures, revamping banking channels and boosting the customer experience.

Bank Sohar's acting CEO Sasi Kumar said, 'We are constantly striving to maintain and further enhance our position as one of Oman's leading banks. We reiterate our commitment to offer excellence through the state-of-the-art banking solutions, unique services and tailored products that fulfil our customers' needs and meet their expectations.

This workshop marks an important milestone in the bank's journey of excellence where we have just celebrated our 10th anniversary and have had achieved a stable trajectory. We look forward to further progress and achievements.'

Striving to lead the banking industry in Oman, Bank Sohar is setting the standard for excellence in the financial market, paving the way for others to follow suit.

The bank regularly reviews and discusses developments in the market, addresses issue and comes up with customer centric solutions in order to provide excellent products, services and financial solutions to its customers across the sultanate.

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