Meethaq Sharia Board reviews performance, growth strategy

MUSCAT: The Bank Muscat Board of Directors and Meethaq Sharia Supervisory Board led by respective chairmen Shaikh Khalid bin Mustahail al Mashani and Shaikh Dr Ali Qaradaghi held a meeting to review the 2016 performance and growth strategy for 2017 of Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat. The Meethaq Sharia Supervisory Board also held the fifth meeting of 2016 to review the fourth quarter performance and growth strategy for 2017. The two meetings were held at Bank Muscat Head Office in the presence of board members and top Management Team members.
The Meethaq Sharia Supervisory Board meeting reviewed 2016 performance and new products and services in the pipeline for 2017, finance for corporate projects as well as audit report for the fourth quarter of 2016. Sulaiman al Harthy, Deputy Chief Executive Officer — Meethaq Islamic Banking, said: “The Meethaq Sharia Supervisory Board discussed many important topics to consolidate the leading position of Meethaq Islamic Banking. Meethaq is focused on developing as a benchmark for Islamic banking and finance in Oman and the region. Within just three years of operations, Meethaq has attained the leading position in the Islamic banking industry in Oman in terms of financing receivables, branch network, products and services, IT infrastructure and human resources development.