MSM FAC Challenge Success

Thursday, 2 June 2016

Muscat Securities Market announced the Financial Analysis Challenge a nationwide competition among all students from all the colleges and universities in Oman, on the 17th of March 2016, in an overwhelming response from the public, 175 students from 11 different universities and colleges which included Sultan Qaboos University , Sohar University , University of Nizwa , Modern College of Business and Sciences, Majan College , CBFS (College of Banking & Financial Studies), Higher college of Technology Muscat, Middle East College, Zahra College, Shinas Technical College and the College of Applied Sciences Nizwa, from various cities across Oman participated in the challenge in groups of 4 and 5 to conduct a financial analysis on public listed companies in MSM.
The challenge was organized by MSM in collaboration with SQU, the companies to choose from where the sponsoring agencies and event partners Bank Muscat, Oman telecommunications Company & Oman Cables Industry Co. LLC, which are also some of the blue chip companies listed in MSM.
The students successfully conducted the analysis and submitted their reports to MSM where a qualified judging panel comprised of and headed by Dr. Sayed Mundhir bin Hilal Al Busaidi, Assistant Dean of the Faculty of Economics and Political Science, training and community service at Sultan Qaboos University, Dr. Salah Abdul Rahman Talib Economic & Stock Market adviser at MSM, Mr. Hamad bin Mohammed Al Wahaibi pension fund director of the Ministry of Defense and Mr. Fahad Bin Khamis Al Balushi Oman National Investments Development Company (TANMIA) and Ahmed Al Qassabi a Principal in Deloitte Middle East, evaluated those reports and selected 8 teams that made their qualifying presentations on the 16th of May 2016.
After these carefully articulated stages of competition top five teams were selected and celebrated and awarded on the 19th of May 2016, in an evening sponsored by TANMIA Oman, under the patronage of H.E. Yahya bin Said Al Jabri, Chairman of the Special Economic Zone, Duqm & Chairman of the Capital Market Authority Oman (CMA), at Muscat Grand Hyatt Hotel, Oman and in presence of many other dignitaries’ such as H.E. H.E. Sheikh Abdullah Salem Al-Salmi, Executive President of CMA, top management of MSM, CMA, MCD and other industry affiliates, students and guests.
During the evening Mr. Ahmed Saleh Al Marhoon, director General, MSM, welcome the guests appreciated the program and invited the His excellences to announce the awards for Sponsors, supporters, judges and finally the contestants.
Where the winning team was announced to be team (H) of Sultan Qaboos university, consisting of 6 members, namely, Amani Al-Harthy, Nisreen Al Balushi, Ishraq Al Waeli, Intesar Al Sarmi, Khawla Al Maslahi and Ameera Al Alawi, and the top three teams were given cash prizes worth thousands of dollars along with certification and awards, an initiative that will not only encourage them to support financial industry but perhaps kick start their own investment plan in future.
It is worth mentioning that the event was very well received, and appreciated for its organizational efforts and being a one of the only events of its kind to be managed so successfully at such grand scale on national level, the organizing team of MSM thanked for the appreciation and vowed to continue to organize such educative programs to increase the awareness of the local youth on the capital markets and to involve them in this nation building initiative.
Check out Oman TV English Report For Final Ceremony for Financial Analysis Challenge in the link below.