Muscat, May 1st 2016 – Oman Arab Bank (OAB), in collaboration with MasterCard, launched its first Corporate Credit Card to provide its growing corporate client roster with enhanced efficiency, flexibility and convenience in managing employee business expenses. The OAB MasterCard Corporate Credit Card offers customers the ability to seamlessly track and manage business related expenditure online as well as access Smart Data, MasterCard’s renowned suite of reporting and expense management tools. The new service also offers card holder level, department level and company level statements for tracking and accountability.

In addition, the new offering from OAB will provide Corporate Customers with a number of unique privileges and services including access to airport lounges in several major cities. Customers can also participate in the highly popular Priceless Arabia campaign, which gives cardholders a number of exclusive offers and experiences in the Middle East and North Africa from dining and shopping to exciting travel and entertainment options.

On the occasion, Alsalt Al Kharusi, Head of Corporate and Institutional Banking and GM at Oman Arab Bank, said, “This is our first collaboration with MasterCard. The launch of this new strategic product falls in line with our objective to cross sell new products to our corporate client base and further strengthen our relationships by providing innovative financial service solutions.”

Al Kharusi added, “The Oman Arab Bank MasterCard Corporate Credit Card is a sophisticated product that will open new avenues for business owners, entrepreneurs and companies in Oman and facilitate the way corporate expenses are managed and executed.”

Raghav Prasad, General Manager – Gulf Cluster, MasterCard, said, “Commercial payment solutions are a key area of focus for MasterCard, and we are excited to collaborate with Oman Arab Bank so businesses in Oman can streamline their purchasing processes to manage expenses efficiently. Through this partnership, Corporates can benefit from simple, safe and secure payments and the power of MasterCard Smart Data Gen.2, all while offering employees the rewards and benefits synonymous with premium credit cards.”

OAB has consistently spearheaded the growth of Corporate Banking in the Sultanate through the introduction of innovative products and solutions designed to fulfill the evolving needs of customers. The Bank’s Corporate Banking expertise spans Trade Finance, Project Finance, SME Business Banking and Treasury Services among others.

Muscat, May 15^th 2016  – Across the Sultanate, the lucky winners of Oman Arab Bank (OAB) Hassad Savings Scheme monthly cash prize draw have been celebrating their good fortune with Mohammed Al Jafari from Al Sharqiyah Governorate picking up the April OMR40,000 Regional Prize. This year alone, 44 OAB savers have won an incredible total of OMR 210,000.

“Designed to encourage our loyal customers to put money aside for the future, the Hassad Savings Scheme offers the chance to win cash every month, just by saving. As long as a balance of OMR 100 is maintained, Hassad Account holders are automatically entered into the highly popular monthly draw,” said Hana Al Hinai, Assistant General Manager, Head of Wealth Management, Bancassurance and Liabilities.

Al Hinai went on to explain that in addition to the regular OMR 40,000 Regional prize, every month five female account holders receive OMR 1,500 and five young savers under the age of 18 years win OMR 1,000 each.

OAB Elite Priority banking customers also enter into two exclusive draws, one in June and the other in December, for a chance to win OMR 100,000. Celebrating special occasions during the year, OAB holds bonus draws for Eid Al Fitr, Omani Women’s Day and National Day in addition to an end of year OMR 100,000 mega-draw in December 2016.

Muscat, 14^th June 2016 – Under the auspices of H.E. Ahmed bin Abdulla Al Shahi, Minister of Regional Municipalities and Water Resources, Oman Arab Bank (OAB) recently organized a special Iftar gathering for its Elite Priority Banking customers at the Grand Hyatt Muscat. Attended by over 250 Elite customers including government officials, private sector business leaders and other high-profile dignitaries as well as the Bank’s senior management, the dazzling event enabled the OAB team to foster stronger relationships with its clients in a unique Ramadhan Iftar setting.

“We are continuously identifying ways of enhancing the banking experience of all our customers with the aim of ensuring every moment with OAB is rich and filled with unique value,” said Amin Al Husseini, CEO Oman Arab Bank. “The Iftar we organized served as a platform to take the ties that bind us with our stakeholders to new heights and foster deeper relationships while expressing our gratitude for their continued dedication and support.”

The colourful event began with a renowned French artist, who surprised the guests by drawing a stunning piece on stage that embodied the essence of Elite Priority Banking. To add to the excitement, OAB also announced the name of the lucky winner of the OMR 100,000 Hassad Savings Scheme Elite prize for June 2016. Attendees concluded the night by walking away with gifts designed to allow them to experience a day at Al Mouj Golf or the Shangri La Barr Al Jissah Resort and Spa.

Rashad Al Shaikh , DGM Retail Banking at Oman Arab Bank, added, “We take pride in ourselves for providing a second to none premium banking proposition that promises customers a world of benefits, services and in-depth expertise to grow their wealth. Elite Priority Banking is more than just a product; it is an exclusive way of life that has been designed to fulfil the special requirements of high-net-worth individuals and meet their evolving needs.”

Elite Priority Banking delivers exceptional advantages to customers including dedicated relationship managers, financial planning and investment services as well as personal concierge facilities. Elite customers can also enjoy unlimited complimentary lounge access to over 500 international airports, preferential service in all branches, and access to the world-class dedicated Elite Centre as well as 24 hour call center support. New and Existing Elite customers also receive a free Entertainer App as well as complementary airport chauffeur service. Not only that, Elite customers also stand a chance to win lucrative cash prizes as part of the Bank’s Hassad Savings Scheme including OMR 100,000 in both June and December that has been earmarked only for Elite customers.

 

Muscat, June 22^nd 2016 – Embracing the spirit of generosity during the Holy Month of Ramadan and continuing its tradition of giving and helping the community in this special time, Oman Arab Bank (OAB) distributed over 500 food hampers to low income families in and around Muscat. The hampers, filled with nonperishable food items in high demand in Ramadan, were distributed over two days by volunteer staff from OAB who made the delivery part of their personal celebration of the Holy Month.

Mutassim bin Hamoud Al-Zadjali, Head Of Corporate Communication at OAB, commented, “As a responsible banking institution, Oman Arab Bank takes its obligations to society, and especially to those less fortunate, very seriously. We prioritize at all times activities that uplift our local communities. While our efforts in this regard continue throughout the year, it is always a particular pleasure to make an extra contribution during Ramadan and add to the joy and happiness of this blessed month. I would like to take this opportunity to congratulate the OAB staff who so keenly organized and delivered the hampers.”

From the onset, OAB has had the well-being of society as a top priority, supporting various humanitarian causes and launching initiatives that positively impact local communities. Throughout the Holy Month, the Bank will be executing a number of philanthropic programs as part of its corporate social responsibility strategy.

Muscat, July 4^th 2016 – Aiming to network and enjoy the spirit of the Holy Month of Ramadan together, Oman Arab Bank (OAB) recently organized a series of exclusive Iftar gatherings for its high net worth customers in multiple locations across the Sultanate. The special Iftar’s were attended by more than 300 high net worth customers in total including local top dignitaries as well as the Bank’s regional senior management.

The high-profile events were held in Dhofar , Batinah , Sharqiya , Dakhiliya and Muscat regions and enabled OAB’s management and staff to further foster their relationship with the Bank’s customers. Earlier in Ramadan, OAB organized a dazzling Iftar event in Muscat for its Elite Priority Banking customers where it also announced the name of the lucky customer who walked away with the OMR 100,000 Hassad Savings Scheme prize that was earmarked specifically for Elite customers. A similar exclusive draw will also be held in December.

Ahmed Al Kharusi, Head of Regional Management and Branch Support, said, “The Iftar celebrations we held across Oman reflect OAB’s strong commitment to go beyond the requirements of our valued customers to ensure they enjoy the highest levels of personalized service and experience. Delivering excellence in customer service and an enriched Ramadan event is part and parcel of that dedication.”