The Central Bank of Oman (“CBO”) recently issued Circular no. BM 1105 dated 31 March 2013 (“2013 Circular”) which grants further clarity and impetus to Omanisation in the banking sector.
With the overall Omanisation requirement of 90%, the banking sector is one of the highest localized sectors in Oman. According to recent statistics issued by the CBO, most banks in the Sultanate have achieved an overall Omanisation ratio of over 92.5%.
Showing posts with label Omani banking. Show all posts
Showing posts with label Omani banking. Show all posts
Thursday, May 30, 2013
Impetus to Omanisation in Banking
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