Corporate Governance

Corporate governance at Oman Housing Bank ensures that business operations are conducted transparently and fairly. The bank adheres strictly to its policies to maintain high standards of governance.

Board of Directors

The Board is responsible for the bank's strategy, financial performance, and policy formulation, ensuring clear guiding principles for management. It develops internal regulations for the bank's management and operations, complying with Omani and international banking laws.

Board Sub Committees

Executive Committee

Oversees key financial and operational decisions, assists in credit approval, and monitors investments

Audit Committee

Ensures robust financial reporting, internal control systems, compliance with laws, and independence of auditors

Risk & Compliance Committee

Manages risk exposure, compliance, and internal control systems, aligning with regulatory standards

Nominations & Remunerations Committee

Nominates and appoints qualified directors and senior management, and ensures transparent reporting on remuneration

Policies

Oman Housing Bank adheres to policies on related party transactions, codes of conduct, anti-money laundering, anti-fraud, and disclosure. The bank also has a whistleblowing policy encouraging staff to report any wrongdoing.

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