NBO Honours International Award-Winning Student on Omani Youth Day
Joining the Sultanate to celebrate Omani Youth Day, National Bank of Oman (NBO) held a string of engaging events. The highlight was the NBO Youth Award, which was given to Sultan Qaboos University (SQU) student Nibras Al Shakeelia, who recently won a Bronze medal at the Korea International Youth Olympiad (KIYO) 2020 for her project entitled Green Gold. Young people were also encouraged to join the event via social media, where Outward Bound Oman courses were given away to 10 winners in addition to OMR 50 each to five winners, part of an ever-increasing number of initiatives the bank holds to support and empower Oman’s next generation.
Hassan Abdul Amir Shaban, Chief Government Banking Officer, said, “Young people are building the country’s future and it is our collective responsibility to equip them with the tools and skills they need to lead. At NBO we are always looking at ways that we can engage them while fostering a culture of talent, and this is demonstrated through many initiatives like the Youth Awards, Hackathon, and our recent partnership with Outward Bound Oman. We were delighted to honour Nibras, who is an example of the amazing potential that young Omanis have to contribute to the field of science not just to Oman, but throughout the world.”
A foundation year student at SQU’s College of Science, Nibras won the medal for her project, Green Gold, which uses indigenous Omani plants and recycled cooking oil to produce biodiesel. Created to raise awareness about innovation, the annually-held KIYO awards receive applications from 60 countries all over the world.
“The project is the product of a lot of research I did on creating a viable alternative to hydrocarbons, one that would be both cheaper and more sustainable. Winning the medal was a huge bonus and I’m also grateful to NBO for giving me the award and for continuing to put a spotlight on young people. I hope that I might inspire others to put their projects forward in future, because you never know unless you apply,” commented Nibras.
Created to motivate and support Oman’s young people, the NBO Youth Award is now in its second year running. In collaboration with Omani Universities and Colleges, the award recognises outstanding achievements in a variety of areas, who are awarded with OMR 200 in cash and a trophy.
The bank also recently signed a three-year partnership with not-for-profit foundation Outward Bound Oman that will see 900 young people develop their personal skills in line with Oman Vision 2040. The ‘Strenght in our Youth’ courses are carefully designed to increase the employability of Omani youth through enhancing their self-awareness and resilience, developing their creative thinking and problem-solving skills, and their ability to work effectively with others.
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)*.