Fifty bachelor’s degree holders will be chosen for the programme to obtain vocational instruction in the fields of finance and accounting. On effective completion of the programme, the candidates will be absorbed by Bank Muscat in numerous departments. The programme will be funded by PDO.
During the 18-month instruction programme, Bank Muscat will supply a month-to-month stipend to the trainees. The stipend will stick to an incentive scheme that progressively enhances the rewards in line with the progress of the candidates in their research and demonstration of professionalism and achievement. Employment will be supplied to all candidates who join the programme and total it effectively. The signing ceremony was held at the Bank Muscat head workplace below the patronage of H E Sheikh
Abdullah bin Nasser bin Abdullah al Bakri, Minister of Manpower, in the presence of AbdulRazak Ali Issa, chief executive of Bank Muscat, senior government and private sector officials and management team members of the bank and PDO.
The agreement was signed by Sheikh Waleed al Hashar, deputy chief executive officer of the bank, and Abdul Amir Abdul Hussein al Ajmi, external affairs and worth creation director of PDO. H E Bakri commended the private sector initiatives which realise the government’s efforts in human sources improvement. The banking and oil and gas fields are major in national employment initiatives and the agreement among Bank Muscat and PDO to supply vocational instruction and employment to 50 Omani youths marks a distinctive partnership initiative, the minister stated.
He also urged the private sector to participate in government programmes to create human sources as effectively as help jobseekers to take benefit of such instruction programmes. On the occasion, Sheikh Hashar stated that the joint initiative to help Omani youth in acquiring internationally recognised qualifications as effectively as job possibilities reflects the commitment of each institutions to human sources improvement in Oman. “Stemming from the directive of His Majesty Sultan
Qaboos bin Said for creation of jobs, the initiative comes as element of the Corporate Social Responsibility and commitment of Bank Muscat to talent improvement and youth empowerment.” Ajmi also expressed his delight in signing the agreement. “PDO has worked, and will continue to work, with a number of trusted organisations both within the oil and gas sector and beyond to promote In-Country Value, Omani skills and spur wider economic diversification.”
Information Source: Muscat Daily