Sohar International titled as ‘Oman’s Best Bank’

By Shilpa Annie Joseph, Official Reporter
  • Follow author on
Sohar International named Oman's best bank
Rep. Image

Sohar International has been recognized with the title of “Oman’s Best Bank,” underscoring the financial institution’s exceptional performance in the banking sector.

The rigorous evaluation process undertaken by Euromoney’s esteemed panel of judges assessed Sohar International across various parameters, including its leading market position, product diversity, financial performance, asset quality, customer satisfaction, CSR initiatives, and environmental, social, and governance (ESG) practices.

Mazin Mahmood al Raisi, Chief Marketing Officer at Sohar International, received the award on behalf of the bank, as per the statement.

Commenting on this remarkable achievement, Ahmed al Musalmi, Chief Executive Officer of Sohar International, expressed his pride, and stated that, “We are deeply honored to be recognized with the prestigious title of ‘Oman’s Best Bank’ by Euromoney. This accolade reflects our unwavering commitment to excellence, innovation, and sustainability in the banking sector. At Sohar International, we strive to not only lead in market performance but also to play a pivotal role in fostering a sustainable economy.”

“This recognition is a testament to the dedication and hard work of our entire team. We will continue to push the boundaries of what is possible in banking, ensuring we provide unparalleled value to our customers and contribute positively to the broader community and the nation at large,” Al Musalmi added.

Further, Sohar International was also awarded the “Oman’s Best Bank for ESG” title during the same award ceremony, recognizing the bank’s responsible and sustainable practices and commitment to social and environmental issues to achieve long-term economic growth.

The bank’s robust ESG framework prioritizes sustainability initiatives, including a $200 million climate financing agreement with IFC and a partnership with Fortescue Futures Industries on green hydrogen projects.

Trending | NBK receives 2 accolades in Euromoney’s 2024 Awards for Excellence