Friday 26 / April / 2024
Muscat: Sultan Qaboos University and Modern College of Business and Science (MCBS) were declared the winners of the Financial Analysis Challenge competition.
The closing ceremony of the competition, which was jointly managed by Muscat Securities Market (MSM) and Sultan Qaboos University, was held recently, 2016 at Grand Hyatt, Muscat.
The award ceremony was held under the patronage of Yahya bin Said Al Jabri, chairman of Duqm Special Economic Zone Authority (SEZAD) and chairman of Capital Market Authority.
After the presentation and final round of the competition, five teams were shortlisted and invited to attend the closing ceremony.
Team MCBS took third position in the competition, with the top two positions won by SQU. The winning team from MCBS was represented by four students: Miyyada Abdul Latif Rajab Al Balushi, Umaima Ali Hassan Al Balushi, Haifa DarwishFiriya Al Bulushi and Huda Jama Ahmed. They received a cash prize of OMR1000 and a memento for their participation.
Dr. Dharmendra Singh, Asst. Professor of Finance, mentored the team. The Modern College team entered the second round of the FAC selection process after winning the first round, along with seven other teams, in which participants were required to analyse a listed company on MSM and submit a written report to the MSM.
FAC has been designed to give students a chance to apply their financial analysis skills by performing an analysis of a company listed on MSM. It also aims at developing team skills.
As many as 175 students from 11 universities and colleges participated in the competition, which lasted for almost two months from the date of commencement. The award function was attended by representatives from MSM, brokerage firms, as well as industry and academicians from various colleges and universities in Oman.
