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M O N DAY, NOVEMB ER 3 0, 2015
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Bank Muscat receives Asset Manager award
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S TAT E - O F - T H E -A R T FA C I L I T Y
Indian envoy opens medical facility for Al Naba employees
set Manager of the Year’ award by Global Investor, says a press release.
Bank Muscat Asset Management is the biggest fund manager in Oman, offering a variety of funds investing in Oman
MUSCAT: In recognition of consistency in performance and strategic investment decisions in the middle of challenging market conditions, Bank Muscat Asset Management has won the ‘Oman As-
Endorsement Abdullah Al Hinai, DGM – Investment Banking & FIG, said: “Bank Muscat Asset Management is proud to win yet another endorsement from Global Investor, reflecting the consistency in performance of our mutual funds and the innovative strategies used to consolidate our reputation in a tough market. The award reaffirms the proven ability of our fund managers in challenging situations. In spite of the difficult market conditions, we are optimistic about the growth prospects for the funds under our management.” Bank Muscat Asset Management is the biggest fund manager in Oman, offering a variety of funds
investing in Oman, the Mena region and international markets. The division manages $1.8 billion worth of assets, 60 per cent of which are invested in equity markets, 25 per cent in fixed income and the remaining 15 per cent in real estate and private equities. Bank Muscat Asset management also offers discretionary portfolio management services, targeted to suit diverse clients, including pension funds, Sovereign Wealth Funds, high net worth individuals, corporations and other entities. The Bank Muscat Asset Management maintains its leadership position thanks to its experienced team, research-based decision making process, financial strength, and strong systems and processes. Bank Muscat Asset Manage-
ment introduced the concept of mutual funds to Oman as well as index investing to the GCC. The division has a fully automated process for portfolio management, trading, compliance monitoring, performance measurement and attribution. Incorporating new investment strategies, Bank Muscat Asset Management continues to attract investors and increase its assets. The paramount AUM position enjoyed by Bank Muscat Asset Management corroborates the bank’s reputation as a safe and reliable partner for financial investment advice. Bank Muscat Asset Management is always on the lookout for strategic investment products, enabling investors to create, manage and grow their wealth in a sustainable manner.
MUSCAT: Indra Mani Pandey, the Indian Ambassador to Oman inaugurated the new state-ofthe-art medical clinic in Ghala for Al Naba staff. Sayyid Khalid, chairman of the group, paid tribute to His Majesty Sultan Qaboos bin Said, whose wise leadership has changed the global outlook of Oman. He thanked Pandey for paying a visit to Al Naba’s facilities including the head office, new medical centre and support functions, says a press release. Sayyid Khalid reiterated Al Naba’s commitment to employee welfare and medical attention. He added that this new round the clock operational clinic is equipped with all requisite amenities standardised by the Ministry of Health. The clinic has dedicated doctors, nurses, and attendants to handle staff medical emergencies. The team has been supported with in-house pharmacy and ambulance, which is the first of its kind. “Such facilities are also planned for our bigger regional centres like Sohar and Salalah.
Our objective is to provide a comprehensive congenial living space for every member of our family and these health centres will play a vital role in their greater well-being. Our rating as the most preferred brand in the past years was solely due to these dedicated ‘Men in Green’. We strive to provide the best facilities to all our staff across board,” he added. The chairman also added that the backbone is the 9,000 plus workforce of Al Naba Holding, who relentlessly deliver committed service in all core business activities like infrastructure development, catering services, trading and integrated facility management. Pandey thanked Khalid for the care shown concerning the welfare of the Indians employed by the company. Dr Lakshman, head of the Medical Services of Al Naba, said that the clinic is open to all its staff members and critical issues are handled in association with other leading hospitals. “We ensure that every employee gets best available medical attention in a short time span,” he said.
GRAND OCCASION
BEC celebrates 45th National Day MUSCAT: Bahwan Engineering Company (BEC) employees celebrated the Sultanate’s 45th National Day at their head office in Muscat on November 18. The event was organised to join in the celebrations of this joyous occasion and to thank His Majesty Sultan Qaboos bin Said for his wise leadership, wisdom and vision for the development and prosperity of Oman, says a
press release. The celebration started with the national anthem. Amar Khamis Al Gharbi compered the event. Thuraia Al Maamri in her speech highlighted the successful journey of His Majesty and the development of the nation. The Omani poet Mohammed Al Breiki recited Kasida a short poem praising His Majesty the Sultan and the nation.