Fuelled by an inherent drive for excellence, Sohar International has been spearheading change and setting new benchmarks in the banking industry. In recognition of the bank’s consistent quality performance, finesse in carrying out operations, and innovative product portfolio, Global Business Review Magazine Awards 2022 honoured Sohar International with the title of ‘Best Corporate Banking – Oman 2022’. The popular UAE-based magazine focuses on the latest updates and emerging trends in the market and its Banking Awards highlight the significance of exceptional service delivery while identifying outstanding banks on the global market that are considered trendsetters within their industry.
Dedicated to driving socio-economic growth, the bank has been helping its clients realise their ambitions and propelling them to greater heights. While its Wholesale Banking Group caters to the needs of businesses of different scales, Sohar International has also expanded its offering by including an entire suite of financial and business advisory solutions aligned to the overall direction of the economy and Oman vision 2040.
“At Sohar International, we understand that having a leading position in the market comes with a lot of responsibility and commitment. That is why we stand by our strong business fundamentals, and consciously adapt global best practices in our products, processes, and people management. It further demonstrates our ability to conceptualise innovative financial solutions, achieve excellence in management, and establish ourselves as a customer-centric bank,” said Mr. Ahmed Al Musalmi, Chief Executive Officer at Sohar International. “To remain at the forefront of devising cutting-edge solutions that add value to the lives of our customers, it is quintessential to understand the shifts in customer preferences, have a thorough knowledge of the prevalent local conditions, and remain agile in adapting to a dynamically evolving operating environment. This is specifically relevant for wholesale banking services, and I am proud to say that we have been successful in helping our corporate customers make prudent financing decisions thereby expanding their business and positively contributing to the overall economy.”
On the occasion, Mr. Manish Dhameja, Chief Wholesale Banking Officer, Sohar International highlighted, “By providing all corporate and institutional clients with comprehensive banking services, Sohar International keeps broadening the scope of its product offering. Through strategic partnerships with key stakeholders, we have demonstrated an unshakable commitment to aligning with the diversification goals outlined in Oman Vision 2040 and have contributed to a number of sectors. Business consulting, asset management, foreign exchange management, liquidity management, structured finance, bancassurance, and retail solutions for our corporate clients' employees are some of our main areas of focus. Additionally, Sohar International's wholesale banking provides standard finance options for working capital, commerce, and capital addition.”
While the bank has earned its place as a trusted financial partner and contributed to the development of key national projects, it has also demonstrated an unwavering commitment to supporting SMEs. By providing better insights into businesses, the bank has not only helped its clients gain leverage from their initial capital investments but has also shared vital market knowledge necessary to make long-term investment decisions. Putting in place a comprehensive financial plan, the bank’s financial advisors are also able to prepare clients for periods of market volatility, provide an assessment of the viability of business models, and suggest investment strategies and options. By helping business owners better understand the complexities of the market and make more prudent financial decisions, Sohar International has been successful in helping businesses prosper, thereby contributing to the overall economic growth.
With bespoke banking solutions that are designed to deliver an enhanced banking experience for its elite clients and a number of accolades that attest to the bank’s keen focus on digital innovation, excellence in operations, and customer-first approach, Sohar International has cemented its position as the preferred financial partner in the country.