May 31, 2008

Hooray , Two day weekend for Omani banks

Congratulations to all the Banks in Sultanate of Oman, the Central Bank of Oman (CBO) has announced by issuing a circular to the banking sector for adopting two day Friday-Saturday weekend like the other AGCC countries.


MUSCAT — The Central Bank of Oman (CBO) has issued a circular to the banking sector, approving a request from the commercial banks to change their working days and weekend holidays. All the banks will operate from Sunday to Thursday, effective from July and will be closed on Friday and Saturday.

Hamood bin Sangour Al Zedjali, executive president of the CBO, said the approval granted in response to a request from the commercial banks was aimed at streamlining the banking activities in line with the international practice as most of the international markets and banking establishments operate on Thursdays.

This change would provide the Sultanate’s banks an opportunity to conduct businesses with their counterparts worldwide, he added. The board of governors of the CBO would, in collaboration with the Council of Ministers, hold a meeting in mid-June to endorse the said decision, which would be enforced from July, he added.


The government hasn’t announced its shift to Friday-Saturday instead of the current Thursday-Friday weekend.

Source: New bank holidays

1 comment:

  1. Government is most likely to announce the holidays shift on September. if not then by hte en of this year. Congratulations for hte 2 days :)

    ReplyDelete