Bank Muscat, the flagship financial services provider in the Sultanate, in association with Harvard Business Publishing (HBP) and Harvard Business School (HBS), organised an HBS alumni learning event at the bank’s head office, attended by AbdulRazak Ali Issa, Chief Executive, members of the Management Team and Harvard Alumni Club of the GCC. The unique opportunity came in line with the bank’s ‘Let’s Do More’ vision and commitment to partnership in facilitating top-of-the-line learning experiences.
Bank Muscat maintains strong relations with leading global business schools where senior Omani executives are nominated to attend management and leadership development programmes to enable them to accelerate career development. Bank Muscat and Harvard Business School enjoy strong partnership in offering management and leadership development programmes for Management Team members. In recognition of the collaboration in leadership development of the bank’s Management Team members, HBP and HBS presented an award to AbdulRazak Ali Issa.
AbdulRazak Ali Issa said: “Bank Muscat is proud of its association with Harvard Business School for providing top grade leadership and management training for Management Team members. The bank has adopted innovative strategies to equip Omani employees to take up leadership positions in tandem with future challenges. The HR practices focus on creating, nurturing and supporting employees to meet the ambitious growth plans of the bank. The initiative comes as part of efforts and commitment by the bank to equip Omani employees with leadership and management acumen.”
Dr Francesca Gino, Professor of Business Administration in the Negotiation, Organisations & Markets Unit at Harvard Business School, led the learning session on the topic ‘Making Better Decisions’. The reference for discussion was Dr. Gino’s latest publication: ‘Sidetracked — Why Our Decisions Get Derailed and How We Can Stick to the Plan’. In this book, Professor Gino explores inconsistent decisions played out in a wide range of circumstances — from our roles as consumers and employees (what we buy, how we manage others) to choices that we make more broadly as human beings.
UGB announces results for 2016
UGB’s profit attributable to shareholders of the parent for 2016 decreased to $6.3 million compared to $11.2 million in 2015, with a similar decrease in basic earnings per share to 0.77 cents from 1.