Decision issued to allocate 20% of CSR budgets of firms to Charitable Organization

Muscat: Qais Mohammed al Yousef, Minister of Commerce, Industry and Investment Promotion, issued a decision to deduct a percentage of budgets of establishments and companies that are allocated to corporate social responsibility (CSR) programmes and channel the sums to Oman Charitable Organisation (OCO).

The decision (No 205/2021) states that this percentage will enable OCO to play a stronger role in providing charity services to the entitled social segments. --ONA