National Finance and IFC Join Forces for $120M Green Finance Boost in Oman
Summary
By joining forces with a world-renowned institution, we are accelerating the implementation of our green finance initiatives and creating long-term value for our stakeholders and the communities we serve. It is a significant step in our mission to foster sustainable economic progress in the Sultanate of Oman.With this investment, IFC, as the largest global development institution focused on the private sector in emerging markets, aims to share its capital, expertise, and influence to advance sustainable finance in Oman.Small and medium enterprises may be modest in size, but their impact is profound. Further reinforcing its ESG architecture, National Finance has also established a dedicated Environmental and Social Management System (ESMS), which introduces a standardized procedure for ESG due diligence across all projects.The effective delivery of this strategy is supported by critical success factors, including robust policies, continuous capacity building, and proactive stakeholder engagement. The Head, accountable for ESG matters, reports directly to the CEO, who, in turn, ensures Board-level oversight of all sustainability initiatives. This structure facilitates the seamless integration of ESG practices across departments.As the nation accelerates its pursuit of climate goals and economic diversification, National Finances alliance with IFC embodies a forward-looking strategyleveraging global expertise to deliver resilient financial solutions that meet evolving market needs and address critical environmental imperatives.