First bank from the Middle East to adopt the Equator Principles

September 17, 2007

BankMuscat is the first bank from the Middle East region to take this ‘environment-friendly’ stand and adopt the ‘Equator Principles’, a set of globally recognized, voluntary guidelines established to assess and manage social and environmental risk in project financing, especially in the emerging markets (August 18, 2007).

Speaking on the occasion, AbdulRazak Ali Issa, Chief Executive, BankMuscat said:

I am delighted that BankMuscat is the first bank from the Sultanate to join a select and of environment-conscious financial institutions. Environmentalists from across the world have lauded the pristine beauty of our beloved country. Given these lessings, and the vision of His Majesty Sultan Qaboos bin Said, to manage the growth and development of the nation while preserving the natural beauty of Oman, we believe it our duty to take meaningful steps in the same direction.