Bank Sohar - Strategic Partner for OER Business Summit 2015

Muscat - Bank Sohar, a prominent institution in Oman's Financial Sector, recently participated as the Strategic sponsor of the OER Business Summit 2015, which was organised by United Media Services (UMS) in association with the Capital Market Authority (CMA) on May 26. The forum, titled 'Life at $50 per barrel', explored the choices available to the government and the direction of the private

Press Release

May 26, 2015

PHOTO

26 May 2015
Muscat - Bank Sohar, a prominent institution in Oman's Financial Sector, recently participated as the Strategic sponsor of the OER Business Summit 2015, which was organised by United Media Services (UMS) in association with the Capital Market Authority (CMA) on May 26. The forum, titled 'Life at $50 per barrel', explored the choices available to the government and the direction of the private sector inlight of the current situation related to oilprices.Representing the Bank in the event Bank Sohar Executive Management team and Mr. Rashad Ali Al Musafir, the Acting CEO, who was also one of the panellists in the discussion session.

Held under the auspices of H.E. Sheikh Salim Bin Mustahail Al Mashani, Advisor at the Diwan of Royal Court, at the Grand Hyatt Hotel, the Business Summit brought together some of the best minds in business and select decision makers of the country to discuss and analyse various aspects of the current state of the Omani economy.

The forum was attended by over 200 top-level officials from the public sector, heads of leading institutions, policy makers and corporate leaders; giving business leaders in Oman an opportunity to deliberate on global issues and come up with localised solutions.

Oman Economic Review held its annual 'OER Business Summit 2015', to deliberate on the state of Oman's economy in the light of the fall in oil prices by over 50 per cent. The event encompassed two panel discussion sessions, the first titled 'Life at $50' and the second titled 'Infrastructure Projects - The Way Ahead'. Both sessions were moderated by Nima Abu-Wardeh, a presenter of BBC World News, Middle East Business Report.

Commenting on the Bank's support and sponsorship of the event, Mr. Rashad Ali Al Musafir said, "We have been facing declinedoil prices for some time now, and with our economy primarily dependent on oil, such a drop hasa definite impact on the local market. It is essential that a proactive approach is taken to face suchimpact. The key decision makers and business leaders in Oman need a forum such as the OER Business Summit 2015 to debate suchissues that have an impact on business and economy as a whole, and develop innovative strategies that are essential to maintaining a sustainable and robust economy."

Thanking Bank Sohar for their support, Mr. Sandeep Sehgal, Chief Executive Officer, United Media Services said, "I would like to thank Bank Sohar for supporting and coming on-board as the Strategic Partner of theOER Business Summit 2015. Being one of the leading banks within the financial sector, Bank Sohar recognises the value and importance of such events and the effects it can have on the economy as a whole based on the outcomes of the debates.It was an honour to have Mr. Rashad Ali Al Musafir as one of the key panellists at the event and gaining his insight into the repercussions of sliding oil prices."

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For more information on Bank Sohar, please visit the official website at www.banksohar.net or call the Bank Sohar Call Centre on 24730000. You can also find additional information by following the Bank on Facebook at www.facebook.com/excel.banksohar, on Instagram at www.instagram.com/banksoharexcel or join the conversation on Twitter @banksohar_excel.