NBO Pledges Support for Rural Female Entrepreneurs as Part of 50th National Day Celebrations

Press release
Published November 23rd, 2020 - 07:50 GMT
NBO Pledges Support for Rural Female Entrepreneurs as Part of 50th National Day Celebrations
Ahlam Al Maqbali, Founder of Bait Al Banat
Highlights
National Bank of Oman (NBO) has pledged its support for a series of programmes focusing on empowering women.

Marking the Sultanate’s 50th National Day, and under the theme ‘From the Nation’s Bank, to the Nation’, National Bank of Oman (NBO) has pledged its support for a series of programmes focusing on empowering women. The projects aim to provide female artisans with the tools to turn traditional handicrafts into viable businesses, thereby increasing the social and economic development for themselves and their communities. They are among a number of initiatives the bank has been involved with as it continues to champion women, while acknowledging their valuable contribution to the advancement of the nation.

Abdullah Al Hinai, Chief Executive Officer of NBO, said, “It is with great pride that we join the nation in celebrating National Day, looking back on the country’s tremendous progress over the last 50 years. As the Sultanate’s first and national bank, we are delighted to have been a part of its remarkable journey and are committed to helping our community members, particularly women. Through projects like this we aim to take away the obstacles that inhibit them and provide them with the building blocks they need to reach their full potential, thus allowing them to play a vital role  in the socio-economic development of the country.”

In Masirah, NBO is collaborating with the United Nation’s Food and Agricultural Organization (FAO), on a project designed to empower a number of women in the fisheries sector. Falling under the umbrella of the Omani Women’s Association in Masirah, the project will support approximately 52 women who are actively involved in coastal activities, which include harvesting and collecting oysters for household consumption and selling the surplus product. By increasing their access to resources, assets, services, technologies and economic opportunities, they will be a key driving force for the long-term socio-economic development of the women and their communities.

The second project, founded by Buraimi native Ahlam Al Muqbali and called Bayt Al Banat, provides a one-of-a-kind incubation centre for women to be taught how to turn their traditional skills, which include handicrafts, dressmaking and cooking, into fully-fledged businesses. With the bank’s help the project will be able to continue to provide the necessary venue and tools for an increasing number of women to be able to grow their start-ups.

NBO continues to support the empowerment of women in different walks of life, encouraging their enrichment with unique initiatives that seek to enhance their skill-sets and raise awareness about the important role of women in the social and economic development of the country. The bank has run various programmes and training sessions to develop females both in and out of the bank, including the Women@NBO programme and most recently, a set of skill-building courses, which it held in partnership with Outward Bound Oman.

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)*.​

Check out our PR service


Signal PressWire is the world’s largest independent Middle East PR distribution service.

Subscribe

Sign up to our newsletter for exclusive updates and enhanced content