The Oman Arab Bank (OAB) has become the first bank in Oman to be recognised as an Authorised Training Employer of the Institute of Chartered Accountants in England & Wales (ICAEW). The partnership, which supports Oman’s Vision 2040 economic strategy, will help OAB attract and retain talented individuals by offering ICAEW’s prestigious ACA qualification.
The new partnership is part of OAB’s various talent management initiatives and training programmes that are tailored to providing staff with the necessary skills to help accelerate its contribution to Oman Vision 2040 and the development of a future knowledge-based economy.
By providing Omani nationals access to internationally recognised qualifications and training, OAB further reinforces its commitment to Omanisation, making it one of the leading banks in the Sultanate to employ, engage, and develop Omanis.
Rashad Al Musafir, CEO of Oman Arab Bank, said: “ICAEW is a world leader in finance and professional development. Through our collaboration, we aim to accelerate our growth and give our high-potential employees the opportunity to aim for ambitious targets and, most importantly, contribute to building the Oman we aspire to become by 2040.
“The value of our products and services to customers depends entirely on our ability to unlock the full potential of our staff. Becoming an ICAEW Authorised Training Employer will help us create a high-performing and innovative organisational culture that can create unique value to our customers, employees and the wider community.”
Completing the ACA qualification enables professionals to use the title ‘ICAEW Chartered Accountant’. Valued by businesses worldwide, more than 5,000 employers are currently training ACA students. The qualification provides students with the combination of finance knowledge, accountancy skills and real-world business experience they need to succeed.
Michael Armstrong FCA, ICAEW Regional Director, Middle East, Africa and South Asia, said: “ICAEW works with employers worldwide to support the professional development of their teams. Our partnership with OAB stems from our commitment to equip finance talent with the broad range of technical knowledge and professional skills they need to make a great contribution to their organisations and build strong and resilient economies.
“As an ICAEW Authorised Training Employer, OAB will be able to prepare employees for the internationally recognised ACA qualification. OAB is highly committed to staying at the forefront of the fast-paced banking industry and becoming one of our training partners will allow them to attract the best talent and develop the next generation of business leaders.”
The knowledge and skills provided by the ACA means that ICAEW Chartered Accountants are highly sought after professionals - the qualification is held by board members in 78 of FTSE 100 companies.
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About ICAEW
There are over 1.8m chartered accountants and students around the world – talented, ethical and committed professionals who use their expertise to ensure we have a successful and sustainable future.
Over 181,500 of these are ICAEW Chartered Accountants and students. We train, develop and support each one of them so that they have the knowledge and values to help build local and global economies that are sustainable, accountable and fair.
We’ve been at the heart of the accountancy profession since we were founded in 1880 to ensure trust in business. We share our knowledge and insight with governments, regulators and business leaders worldwide as we believe accountancy is a force for positive economic change across the world
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About OAB
Oman Arab Bank has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, the bank operates a nationwide network of 65 branches and representative offices and 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking, corporate banking and investment clients.
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