Latest news with #SulaimanAlHarthi
Mid East Info
21-05-2025
- Business
- Mid East Info
Oman Arab Bank Wins Top Cybersecurity Honor Cybersecurity & Risk Excellence at MEA Finance Awards - Middle East Business News and Information
Muscat, Oman. 21 May 2025. Oman Arab Bank (OAB) has been awarded Best Cybersecurity and Risk Management Implementation in Oman by MEA Finance at the 2025 Banking Technology Awards. The award recognizes the Bank's outstanding achievements in securing its digital operations while meeting the highest standards of regulatory compliance and customer trust. At the core of this achievement, OAB ensures that its cybersecurity practices are not only robust but fully compliant with national governance frameworks. Through its risk-aware security architecture, the Bank dynamically monitors, assesses, and mitigates cyber risks in real time — demonstrating operational integrity across all channels. In recent years, OAB has implemented an advanced threat detection and response platform with extended detection and response (XDR) and security orchestration, automation, and response (SOAR) capabilities. This has enhanced the Bank's ability to identify threats in real-time, analyze security events across multiple layers, and respond more effectively to incidents. Additionally, participation in a global vulnerability research initiative has further reinforced the Bank's defenses against advanced persistent threats and zero-day vulnerabilities. These technology investments have yielded measurable results, with the Bank achieving its lowest-ever Cyber Risk Exposure Management (CREM) percentage. This translates to fewer incidents, faster response times, and consistent success in cybersecurity audits. Beyond technology, Oman Arab Bank continues to foster a cyber-resilient culture through targeted staff training, phishing simulations, and executive-level cybersecurity drills, reinforcing the human layer of defense and building long-term organizational resilience. Mr Sulaiman Al Harthi, Chief Executive Officer of Oman Arab Bank, commented: 'Cybersecurity and risk resilience are no longer back-office functions — they are central to building customer trust and ensuring sustainable growth. This award is a reflection of our technology investment, and also a shared mindset across the Bank that prioritizes vigilance, accountability, and innovation.' The award enhances OAB's competitive edge, increases media visibility, and supports its mission to attract top talent in banking and cybersecurity. Internally, the recognition energizes teams and affirms the Bank's commitment to being a secure, forward-looking institution in Oman.
Mid East Info
08-05-2025
- Business
- Mid East Info
OAB Celebrates Omani Achievements at Special Olympics World Winter Games Turin 2025 - Middle East Business News and Information
Muscat, Oman – 8 May 2025: Oman Arab Bank (OAB) is pleased to be part of the Special Olympics World Winter Games – Turin 2025, supporting the participation of Special Olympics Oman in this global event that celebrates strength, determination, and excellence. This cooperation comes within the bank's steadfast commitment to Corporate Social Responsibility (CSR) and supporting members of the community. It aims to empower the Omani champions as they represent the Sultanate and achieve accomplishments on the international stage. This stems from the bank's belief that sports have the potential to enable individuals to overcome challenges, and it is proud to have been part of their inspiring journey. This year's Games saw six determined champions from Oman representing the Sultanate in snowshoeing, cross-country skiing, and short track speed skating. Together, they brought home an impressive total of seven medals, including gold, silver, and bronze — a proud moment for the Sultanate of Oman and a testament to the spirit of perseverance. Commenting on OAB's support for the Special Olympics, Mr. Sulaiman Al Harthi, CEO of Oman Arab Bank, said: 'At Oman Arab Bank, we believe in the power of inclusion and the importance of creating spaces where every individual can thrive. Supporting the Special Olympics is not just about sport — it's about values. It's about determination, equality, and celebrating the human spirit. We are incredibly proud of our Omani athletes and honored to play a role in their journey.' Oman Arab Bank's support contributed to enabling the Omani team's participation in the Special Olympics World Winter Games by providing the necessary resources, reflecting the bank's ongoing commitment to supporting Special Olympics programs in the Sultanate of Oman. The Special Olympics World Winter Games Turin 2025 brought together thousands of athletes from across the globe in a shared vision of unity and possibility. Oman Arab Bank is proud to have stood behind Oman's champions, reinforcing its promise to support initiatives that make a lasting impact.
Mid East Info
07-05-2025
- Business
- Mid East Info
Oman Arab Bank and Dar Al Atta'a Partner to Share the Gift of Reading at Muscat International Book Fair 2025
Muscat: As part of a leading initiative aimed at instilling the love of reading in the hearts of children and enhancing community interaction, Oman Arab Bank (OAB) has teamed up with Dar Al Atta'a, a leading charity organization in the Sultanate of Oman, for a special book donation campaign at the Muscat International Book Fair 2025. The fair, which was held from April 24 to May 3 at the Oman Convention & Exhibition Center (OCEC), served as a hub for book lovers, authors, and cultural enthusiasts alike. This year, OAB introduced an exciting opportunity for visitors to make a meaningful impact. A dedicated book donation box was set up at the fair near Gate 3, opposite the OAB booth. The bank invited all visitors to bring along their gently used books and donate them to the initiative. These books were then to be distributed to children across Oman to provide them with the tools to embark on their own journeys of discovery and imagination. Commenting on the initiative, Mr Sulaiman Al Harthi, CEO of Oman Arab Bank, said, 'We believe that reading opens doors to endless possibilities. This initiative is a testament to our commitment towards the communities we serve. By partnering with Dar Al Atta'a, we have not only helped instill the joy of reading into the hearts of young readers, but we also gave back to the community in a meaningful way. Through this initiative we hoped to inspire a generation of young readers; those same who will shape the future of our country.' The collaboration between OAB and Dar Al Atta'a reflects the bank's ongoing efforts to make a positive social impact. The book donation initiative is just one of the ways OAB supports educational and social causes, alongside its broader role in the digital transformation of Oman's banking landscape. OAB's participation as Official Banking Partner of the book fair was also aligned with its commitment to enhancing the visitor experience through cashless transactions using the OAB SoftPOS system at every book stall. Visitors were able to conveniently tap-to-pay to make quick and secure purchases. The Muscat International Book Fair served as a platform to promote cultural exchange and learning. Oman Arab Bank's involvement this year was a step towards fostering a society that values education, and knowledgeable empowerment.
Zawya
04-05-2025
- Business
- Zawya
Oman Arab Bank promotes financial awareness among youth in the Sultanate of Oman
Muscat – Oman Arab Bank, in collaboration with the Ministry of Education, has launched its pioneering initiative, Money Adventures for Young Savers, to prepare future generations for financial success. His Excellency Majid bin Said Al Bahri, Undersecretary of the Ministry of Education for Administrative and Financial Affairs, inaugurated the programme during a ceremony at Al-Ula Basic Education School in Al Ghubrah. The event marked the official launch of a nationwide campaign to equip students with essential financial literacy skills, in line with the Ministry's 'Khazna' initiative. Launched at a pivotal time, Money Adventures for Young Savers aligns with the objectives of Oman Vision 2040 by fostering a financially aware and responsible generation. The programme employs a forward-thinking educational model that combines interactive learning with real-life experiences. Students explore key financial concepts such as earning, saving, smart spending, and charitable giving through age-appropriate activities and engaging, hands-on learning stations. In its first year, the programme will reach 3,000 students across 50 schools in Oman, with 60 students participating from each school. Organisers will divide students into two groups to maximise engagement and learning outcomes. Seven interactive stations will offer rich educational content and experiential learning opportunities that make financial education accessible and enjoyable. At the launch, Mr. Sulaiman Al Harthi, CEO of Oman Arab Bank, said, 'In today's rapidly evolving economic landscape, it's vital to equip young people with the financial knowledge to make informed, responsible decisions. Through Money Adventures for Young Savers, we aim to nurture a new generation that values saving, investing, and prudent financial management. Our collaboration with the Ministry of Education enables us to deliver this impactful initiative and contribute meaningfully to the financial education of Oman's youth.' This initiative reflects a strong national partnership. Skilled Omani youth from Oman Arab Bank and the Ministry of Education developed the programme's educational content, training materials, and interactive tools. Their collaboration highlights a shared commitment to nurturing local talent and investing in educational initiatives that build a solid financial knowledge foundation among students. The programme will expand to include more schools across the Sultanate, reaffirming Oman Arab Bank's and the Ministry's commitment to providing inclusive, high-quality financial education. The goal is to empower all students with the financial skills they need to navigate life confidently and responsibly. As part of its broader community investment strategy, Oman Arab Bank views financial literacy as a cornerstone of sustainable development. This initiative reinforces the Bank's role as a proactive contributor to national goals. It supports economic and social progress by helping youth make informed financial choices that positively shape their futures and communities.
Mid East Info
10-04-2025
- Business
- Mid East Info
OAB Showcases Its Initiatives to Support Entrepreneurs at Chamber Meeting - Middle East Business News and Information
Muscat: As part of its ongoing support for the small and medium enterprises (SMEs) sector, Oman Arab Bank (OAB) participated in a meeting of the SMEs Committee at the Oman Chamber of Commerce and Industry. The discussion focused on enhancing collaboration and developing banking solutions to support entrepreneurs and business owners. OAB's team presented its innovative initiatives for SME growth, including the 'Tumouhi' program, which provides comprehensive financial services and credit facilities. The program is supported by an integrated digital platform accessible via online and mobile banking—the first of its kind in Oman—designed to meet the evolving needs of entrepreneurs. Additionally, the bank offers electronic payment solutions, including point-of-sale systems and mobile payments. OAB also runs a nationwide training program, featuring workshops on financial literacy and financial planning skills. Commenting on the meeting, Sulaiman Al Harthi, CEO of OAB, stated: 'We are pleased to have been invited to this meeting by the SMEs Committee of the Oman Chamber of Commerce and Industry. Our participation reaffirms our commitment to supporting this vital sector and contributing to sustainable development in Oman. We are confident that OAB's programs and initiatives will continue to foster a thriving business environment, supporting the private sector and entrepreneurs while paving the way for their growth, expansion, and success.' He added: 'OAB's financial services and financing products are in high demand among SME owners, reflecting notable growth in our SME financing portfolio. The bank places great emphasis on understanding business needs, continuously innovating to provide tailored financial solutions for all customer segments. SMEs now represent a significant part of our client base—an achievement we take pride in. Through this, OAB remains committed to excellence in Oman's banking sector and plays a pivotal role in supporting the private sector while advancing Oman's Vision 2040 to empower SMEs as engines of economic growth, development partners, and sustainable sources of employment.' OAB continues to develop innovative initiatives for SMEs, including the recent launch of a dedicated digital financial solutions platform for entrepreneurs. Additionally, 'Tumouhi' program has evolved into one of Oman's leading SME support initiatives, offering a comprehensive platform for financial services, training, and exclusive benefits. The program's workshops focus on corporate governance, compliance, and strategies to navigate business challenges, ensuring the long-term sustainability of SMEs. 'At OAB, we recognize the vast potential and ambitions of entrepreneurs and their invaluable contributions to Oman's economy. We are committed to providing all necessary support to strengthen this role and expand our partnerships in line with Oman Vision 2040's objectives of diversification and sustainability,' Al Harthi added. Sheikh Rashid Al Maslahi, First Deputy Chairman of the Oman Chamber of Commerce and Industry, emphasized the importance of this sector, which the Oman Chamber of Commerce and Industry pays special attention to due to its vital role in sustainable development. He also commended the tangible role played by OAB in developing the SME sector through its financial programs and initiatives that facilitate business growth. He emphasized that the banking sector remains the primary source of funding for development projects. Al Maslahi stated: 'OAB's innovative and high-impact initiatives have played a crucial role in supporting entrepreneurship in Oman, empowering SMEs to launch and expand their businesses. The bank's 'Tumouhi' program, in particular, has become a benchmark for SME growth, offering financial solutions, an integrated digital platform, and training programs for entrepreneurs across all governorates.' Hosting OAB aligns with the Chamber's initiative to expand partnerships with the banking sector and showcase successful financing models for SMEs, a key driver of economic growth that represents the majority of private-sector businesses in Oman.
