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Bank Muscat receives MSM’s Quality of Disclosure Award

Bank Muscat has won Muscat Securities Market’s (MSM) Quality of Disclosure Award for 2019. The Award was presented to the bank at an event held at the MSM Investors Hall under the auspices of H E Abdullah bin Salim al Salmi, executive president of the Capital Market Authority.

The Award was received by Ahmed Musallam al Barami, DGM – Relationships & Placements, on behalf of the bank at the event which was attended by senior officials from MSM, Capital Markets Authority (CMA) and CEOs of companies listed on the stock exchange, a press release said. The awards initiative is part of the efforts made by CMA to promote disclosures and raise awareness about transparency as well as the importance of disclosing interim and material information.

Ahmed Musallam al Barami, DGM – Relationships & Placements at Bank Muscat, said,  “Timely disclosure and transparency have always been of primary importance for Bank Muscat and the Award recognises the emphasis that the bank places on its disclosures to the market regulator, the stock exchange and the general public. We are very happy to receive this award in appreciation of the best practices that have been put in place with regards to the bank’s disclosure policy.”

Ahmed al Barami thanked CMA and MSM officials and said that this was a great achievement for the bank. He added that the awards would go a long way in building a stronger corporate governance and investor relationship culture in Oman.