National Bank of Oman Ramps up COVID-19 Relief Through Annual Ramadan Initiative

Press release
Published April 28th, 2020 - 08:50 GMT

National Bank of Oman Ramps up COVID-19 Relief Through Annual Ramadan Initiative
Shahr Al Attaa
Highlights
National Bank of Oman (NBO) is utilising its annual Ramadan community outreach programme, Shahr al Atta, to support those who have been impacted the most.

As the community continues to come together to combat the effects of the coronavirus (COVID-19) pandemic, National Bank of Oman (NBO) is utilising its annual Ramadan community outreach programme, Shahr al Atta, to support those who have been impacted the most.

Through a partnership with Dar Al Atta’a, and supported by other key organisations in Oman, the bank will donate money to families who have been financially affected due to the outbreak. This will assist them in paying rent, electricity and water bills in addition to purchasing essential household goods. The bank will also be handing out food hampers to low-income families in Muscat, in collaboration with Nidaa Charity Team, a charity organisation that aims to raise standards of living.

“Shahr al Atta is built on the spirit of giving, and this year with the coronavirus pandemic affecting many families around the country, it felt only fitting to centre our efforts to  providing as much aid and relief as possible,” said Sayyid Wasfi bin Jamshid Al Said, Acting CEO of NBO. “This initiative is very dear to the hearts of all of us at NBO and every year we try to reach out to as many families as possible. Together with our partners, we look forward to spreading the blessings of this Holy month with a message of hope and unity.”

Last month, the bank also pledged OMR 1 million as part of a COVID-19 relief initiative. An active member of society, NBO’s corporate social responsibility activities continue to contribute to the welfare of the nation. In 2019, the bank invested almost OMR 324,500 for various community outreach programmes and projects.

Background Information

National Bank of Oman

Founded in 1973, National Bank of Oman was the country’s first local bank, forging a rich history with Oman’s local businesses and its economy at large. Today, it is one of the largest banks in Oman, with a paid up capital of OMR (Omani Rials) 110.8 million (US$ 288 million) and a regulatory capital of OMR 377.8 million (US$ 981 million)*.​

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