The closing ceremony of ‘The Financial Analysis Challenge’ competition, jointly managed by Muscat Securities Market (MSM) and Sultan Qaboos University, recently, took place at hotel Grand Hyatt, Muscat.
The award function 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.
Sultan Qaboos University (SQU) and Modern College of Business & Science (MCBS) were declared winners of the competition. Team MCBS managed to get third position in the competition with top two positions to SQU.
The winning team of MCBS was represented by four students — Miyyada Abdul Latif Rajab Al Balushi, Umaima Ali Hassan Al Balushi, Haifa Darwish Firiya Al Bulushi and Huda Jama Ahmed. They received a cash prize of OMR1,000 and mementos for the participation.
Dr Dharmendra Singh (assistant professor of finance) mentored the team.
The Modern College team entered the second round of the FAC selection process by winning the first round along with seven other teams, where 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, industry and academicians from various colleges and universities in Oman.
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