As part of overall strategies to pursue fresh business opportunities, Bank Sohar recently sponsored and participated in an investors meet organised by the Muscat Chapter of Institute of Chartered Accountants of India. The event titled ‘Oman-India Investors’ was held at the Hotel Shangri-la’s Barr Al Jissah Muscat on the 18th of January 2018, under the auspices of H.E. Dr. Ali Bin Masoud Al Sunaidy, Oman’s Minister of Commerce and Industry; and H.E. Indra Mani Pandey, India’s Ambassador to Oman.
The event brought together an elite group of CEOs, CFOs, and renowned Omani businessmen who joined a 70 member delegation of Indian investors to discuss areas of partnership on potential business opportunities in the Sultanate. Among the important topics presented for discussion was a discourse on feasible strategies to steer the Sultanate through its transition into a post-oil economy. Panelists and attendants from the Central Bank of Oman, the PEIE and the Capital Market Authority voiced recommendations for this under the title `Economic transformation through diversification and industrialisation’.
Mr. Sasi Kumar, Bank Sohar’s Acting CEO moderated the event’s discussion on investment opportunities in Oman. He was joined by representatives from other financial institutions in the industry to educate potential investors at the forum on the myriad opportunities for investment available in Oman thanks to the phased development of economic diversification. The event concluded with a token of appreciation being given to the Bank for its support and participation in the event reflecting its strong commitment to play an active role in having a positive impact on the local economy.
Commenting on the bank’s participation, Mr. Sasi Kumar said, “Bank Sohar always strives to be at the forefront of events that drive business and unlock potential for sustainable development. Events such as the Oman-India Investor forum are ideal platforms for us to showcase our extensive investment product portfolio. In recognition of the need for timely, up-to-date and reliable financial solutions – especially in progressive, competitive global markets, we have built correspondent relations with some of the largest and most reputed banks that have an active presence throughout the world.”
Bank Sohar registered strong representation at the event promoting its various products including and not limited to the investment banking segment offering an efficient, responsive and reliable service that includes RO clearing and settlements, treasury and forex related services, loan cheque collection, a high degree of automation and straight-through processing along with a number of other value-added services.
The event was followed by meetings between Omani and Indian businessmen to discuss potential business opportunities. It also gave participants a platform to network with respective Omani authorities responsible for promotion and export development of Omani products. Bank Sohar had displayed and promoted its products, including its retail services. Following the opening panel discussion was a Business to Business session where trade delegates from Oman and India were given the opportunity to interact with one another of areas of prospective partnership. Later, a fresh panel discussion brought together representatives from industry and finance in deliberations over investment opportunities in Oman. Top brass and decision making authorities convened on prospective areas of trade partnership between the two countries.
For more information on Bank Sohar and Al Mumayaz Savings Scheme, please visit www.soharinternational.com or call 24730000. You can also follow the Bank on Facebook at www.facebook.com/sohar.intl, on Instagram at www.instagram.com/sohar_intl or join the conversation on Twitter @sohar_intl.