Muscat, Oman – There are many changes coming for all employees in Oman, whether Omani or expatriate, when it comes to End of Service Benefits. Timelines and specifics raise questions for many leaders – and this is what prompted the OABC’s latest informational event for the business community.
The Oman American Business Council (OABC), Oman’s largest and most active business networking group and the official affiliate of the U.S. Chamber of Commerce in Oman, in partnership with OABC Corporate Member Bait Al Qanoon, a purely Omani Law Company with extensive international experience, hosted a successful morning session on the new Mandatory Saving Scheme, under the Oman Social Protection Law.
The event took place on May 29th at the Crowne Plaza Qurum Hotel, welcoming over 100 professionals and business leaders to discuss the significant changes in store for companies in Oman under the Social Protection Law. As has become the typical model for OABC’s morning sessions, there was a chance for networking before kicking off the event. This was followed by a clear and succinct presentation expertly delivered by Noor Al Khonji, Associate at Bait Al Qanoon. Finally, almost one hour was spent discussing and answering every question raised by members of the OABC, via a panel of partners and experts from the firm.
Ahmed Al Abri, Partner at Bait Al Qanoon Law firm, commented, ”Bait Al Qanoon was delighted to present ‘The Social Protection Law and Savings Scheme: Implementation & Implications,’ arranged by the Oman American Business Council (OABC). We are grateful for the active participation and keen interest from OABC members, and extend a big thank you to the OABC team for making this event possible.”
“What will happen to the current gratuity I’ve already accumulated? When does the new requirement for maternity leave begin? What if an employee prefers to opt out of the new scheme? These were just three of the 15-20 questions asked and answered by members during the session,” says Rebecca Olson, CEO of the OABC. “We are so grateful for the time and sponsorship of Bait Al Qanoon, and thank each team member for sharing their knowledge and experience with our members.”
The event was free for OABC members, as are all OABC events, which number between 30-40 per year.
