Posted on November 13, 2017

Commercial Bank dignitaries including Board Members and senior management have participated in a VVIP event held to mark the opening of National Bank of Oman’s (NBO) new headquarters office in Muscat.

The event was held under the auspices of His Highness Sayyid Asaad bin Tariq Al Said, Deputy Prime Minister for international relations affairs and special representative for His Majesty the Sultan Qaboos bin Said, with high-level representatives from across the Sultanate and from Commercial Bank. NBO is the Sultanate’s first local bank founded in 1973 and is today in is one of the largest institutions in Oman offering financial solutions to fulfill the needs of its customers. Part of the Commercial Bank since 2005, Commercial Bank holds a 34.9% stake in NBO.

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NBO’s new headquarters is a 50,000 square meter, nine-story landmark. The building is the latest jewel on Muscat’s skyline, providing high-quality office space and innovative support facilities as NBO enters a new phase of growth in line with Oman’s economic diversification agenda. Located opposite the Grand Mosque, and between the airport and city centre, the building reflects the landscape, architecture and culture of the Sultanate. At each floor level, the appearance of the headquarters changes, creating a natural stepped-look rising from a roughhewn base to a clean, distinctive parapet line. Omani stone is used in large deep blocks at the bottom to evoke the qualities of a natural landform.

From its new home, NBO will continue to drive innovation, support entrepreneurs, finance education programs, promote Omani sport, and help organise assistance for the least able in the community. NBO remains fully committed to making a positive impact and helping to transform the Sultanate to a sustainable knowledge-based society. The unveiling of the new headquarters is representative of a new era for NBO, as it continues on its mission to deliver a consistently superior customer service, drive value for its shareholders, and contribute to the nation’s growth and prosperity for many years to come.

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His Excellency Sheikh Abdulla bin Ali bin Jabor Al Thani, Commercial Bank Chairman of the Board of Directors said: “Qatar and Oman continue to strengthen their relationship which will benefit the strategic alliance between Commercial Bank and NBO, enabling both banks to continue to grow and prosper.” Mr. Hussain Alfardan, Commercial Bank Vice-Chairman said: “Qatar and Oman are strategic trading partners, and the Commercial Bank is well positioned to capitalize on the increasing investment flows between the two countries.”

Mr. Omar Alfardan, Commercial Bank Managing Director said: “NBO’s impressive new headquarters is a reflection of its financial strength and leading role in the Omani private sector. We are looking forward to even greater collaboration and integration under our strategic alliance with NBO to ensure our businesses are aligned and deliver benefits that will be felt by our stakeholders in both Qatar and Oman.”

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