Standard Chartered announced the official inauguration of its new Oman headquarters office under the auspices of Tahir bin Salim bin Abdullah Al Amri, Executive President of the Central Bank of Oman. This marks the bank’s fiftieth anniversary celebrations. The ceremony was attended by senior Central Bank of Oman and Standard Chartered officials and took place at the bank’s Oman new headquarter in Aziba, Muscat.

“The Central Bank of Oman (CBO) takes great pleasure in congratulating Standard Charted Bank on the opening of its new office in the Sultanate as part of its fiftieth anniversary celebration. The banking sector in Oman has made rapid strides over the years, contributing significantly in the growth of the economy by providing adequate credit and other banking services. Standard Chartered Bank, which started its operation in Sultanate in July 1968, has been an active member of the banking consortium that met the evolving development needs of the economy,” said Tahir bin Salim bin Abdullah Al Amri, Executive President of the Central Bank of Oman.

“We are indeed glad to note that the bank has been actively providing banking services to both large corporates and small and medium enterprises (SMEs). We are quite hopeful that the bank will continue to support the economic activities in Oman during these challenging times with special focus on inclusive growth. Towards this end, CBO would extend all necessary support to facilitate the bank to carry out its functions smoothly,” he added.

“We are proud to launch a new chapter in our bank’s history with the official opening of our new Standard Chartered Oman headquarters. With our new flagship office, we look to strengthen our capabilities and resources here to better serve the evolving needs of our clients, especially in the face of emerging technologies and client needs. Oman’s strategic position along international trade routes well supports the Bank’s global strategy in facilitating trade, commerce and investment across our footprint,” added Sunil Kaushal, Regional CEO of Africa and the Middle East at Standard Chartered Bank.

“This year, we celebrate 50 years of presence in the Sultanate, where we are proud to have contributed to the country’s economy and development throughout the years. The support of the Central Bank of Oman and our clients has been instrumental in our success throughout the past 50 years. This inauguration only reiterates our ‘Here for good’ promise and commitment to the country, our clients and to the development of our local talent,” said Gurcharan Kadan, CEO of Standard Chartered Oman.

Standard Chartered Oman was established in 1968. It recently acted as Joint Lead Manager of Oman’s largest bond issuance that took place in January, 2018.