Commerce Ministry Issues Decision to Allocate 20% of CSR Budgets of Firms to Charitable Organization
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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.
Ends/AB/AH
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