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Bank Sohar receives ‘Best Enterprise Award’ by Europe Business Assembly

Europe Business Assembly recognises Bank Sohar for its quality and management

Bank Sohar was recently presented with the ‘Best Enterprise Award’ in the fields of quality and management from the Europe Business Assembly based in the UK for offering consistently high levels of service diversification, product quality, stability whilst at the same time regularly implementing innovative new financial instruments and maintaining an efficient country-wide operational network.

This marks the fourth award recognition the Bank has received this year.

This latest accolade was presented to Bank Sohar at a prestigious award ceremony following a forum under the title ‘Achievements Forum 2015’, held at the British Institutes of Directors in London, United Kingdom.

The event was attended by businessmen, financiers, diplomats, leaders of chambers of commerce, business associations, business and professional unions from more than 60 countries. Representing the Bank at the ceremony were Mrs. Jeanan Sultan, Senior AGM of Syndications and Project Financing, and Mr. Farid Ahmed Al Khaify, AGM of Internal Audit.

Commenting on receiving the award, Mr. Rashad Ali Al Musafir, Acting CEO of Bank Sohar said, “We are very honoured to be recognised on an international level with the ‘Best Enterprise Award’ by Europe Business Assembly. This is indeed a testament to our success in being able to establish reputed banking services within the Sultanate, and one that offers quality and excellence to customers in every facet of operations.”

The award was presented to the Bank Sohar for its outstanding record of quality with regards to its product offerings and the diversification of its services, whilst at the same time maintaining its operational stability and a consistently high levels of performance in the sector. The Bank was also recognised for efficiently operated country-wide branch and ATM network together with its regular implementation of innovative financial instruments in its ever evolving path towards banking and customer service excellence.

As a result, Bank Sohar has been a leader in introducing innovative services effectively leveraging modern technology and offering reliable and quality products to its corporate and retail customers. The Bank has also earned a reputation for actively encouraging communication and gathering public feedback through various social media platforms and other communication channels to reach out to its customers.

Due to its dedication towards business excellence, the Bank has, in a short span of time, managed to successfully grow into one of the most prominent banks in the country in just a few years of operation.

“Our continued success and our recognition by such a credible international institution as the Europe Business Assembly is a clear indication of professionalism and efficiency of not just our management team but also our staff. Together, we are firmly committed towards operational excellence, ensuring that Bank Sohar meets and exceeds standards in all its operating segments and with a strategy that will ensure our customers receive industry leading services at all times,” added Mr. Rashad Al Musafir.

The Achievements forum is an interactive platform for international collaboration. The core reasoning that drives the forum is to forge new business partnerships and encourage the transfer of technologies, industry best practices, and the development of new ideas between reputed companies with modern management and reliable business operations. During the forum, the winners of prestigious international awards were also announced and the world’s leading companies and their CEOs were honoured for their outstanding successes in their individual fields of business, economy and social progress.

The accolades presented to the ‘Best Enterprises Award’ winners were meticulously crafted by famous London jeweller Alfred Winiecki. The trophy design, in the shape of a hand, was chosen as a representation of the hard work for which it was being awarded and was accompanied by a medal, certificate and diploma.

The award marks the fourth award recognition for the Bank in 2015, having won the ‘Best Banking Performance’ Award at the fourth edition of the Al Roya Economic Award, the ‘Golden Order of Merit in the field of CSR’ Award from UAE based Excellence Awards Academy, and was named the best ‘Straight Through Processing’ (STP) banks in Oman by Standard Chartered Bank earlier this year.

The Europe Business Assembly (EBA), Oxford, Great Britain, is an independent corporation for development and management of economic social and humanitarian collaboration. Creation of a positive image of dynamically developing regions, companies and individuals in the European and global business community is the main mission of the EBA institutions and of its strategic partners. Further, EBA has developed this prestigious and ongoing awards programme that is overseen by their national committees and other national and international organisations.

The nominees include businessmen, politicians, scientists and artists whose work has facilitated the scientific, economic and cultural development of the society.