H E Sheikh Khalid bin Omar al Marhoon, the Minister of Civil Service, was the guest of honour and several dignitaries from the Ministry of Higher Education, principals and deans of a number of private colleges and representatives of Bank Sohar were present at the event.
Dr Mohammed Abdulaziz Kalmoor, CEO of Bank Sohar, said, “Al Mumayaz Education Services symbolises the bank’s commitment to nurturing the development of the Omani youth by supporting them financially for tuition fees and other associated costs.”
He added that Bank Sohar has been playing an important role in supporting the educational sector and the scheme was suitably structured to make it simple and convenient for students, employed professionals and other individuals who want to pursue higher studies.
For the convenience of students, the bank also allows deferments or waivers of monthly installments, while also granting a grace period of six months after graduation in order to give the candidates a reasonable interval to find suitable jobs before payments become due.
In addition to tuition fees, loans availed under the Al Mumayaz scheme also cover accommodation and travel costs.
Applicants also have the option of seeking higher education counselling from consultancy firm Al Ajiyal for Higher Education, with which the bank has signed an agreement.
During the event, the students were presented with certificates of appreciation and mementos.