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Commerce Ministry Issues Decision to Allocate 20% of CSR Budgets of Firms to Charitable Organization


 Muscat, 26 Dec (ONA) — Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion, issued a decision to deduct a percentage of budgets of establishments and companies that are allocated to corporate social responsibility (CSR) programmes and channel the sums to Oman Charitable Organisation (OCO).


The decision (No. 205/2021) states that this percentage will enable OCO to play a stronger role in providing charity services to the entitled social segments.



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