Abraj Energy Services Ipo Subscription Now Live On Oman Arab Bank Mobile Banking App
Muscat, 27 February 2023 – Oman Arab Bank (OAB) customers can now use their mobile banking app to subscribe digitally to the initial public offering of Abraj Energy Services Company (under transformation), a subsidiary of OQ, the global integrated energy group. Completely paperless and without the need to physically visit a branch, customers will be able to benefit from a seamless digital experience instantly through a click of a button from the comfort of their home, office, or on the go.
The bank is also one of the few financial institutions that is offering customers short term loans to finance up to 50% of their total IPO investment which expires on February 28th.
“By leveraging cutting-edge technology, we are making investing simpler, easier, more accessible and secure for our customers,” expressed Sulaiman Ali Al Hinai, General Manager – Head of Treasury, Investment and Government Relations/FI Banking Group at Oman Arab Bank. “We are both proud and excited to be supporting the government achieve the economic diversification objectives of Oman Vision 2040 by providing seamless access to market opportunities through our mobile banking proposition that will facilitate greater private sector participation.”
He added, “Innovation is at the core of everything we do and is driving the acceleration and scaling of our digital transformation plan to deliver greater value to customers. We are committed to constantly keep pace with the latest trends to enhance our offerings and provide the best possible service across all our channels.”
OAB has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, OAB operates a nationwide network of 47 conventional branches and 142 conventional ATMs across the Sultanate. OAB provides a complete range of financial products and services through its OAB Online App. Customers can now digitally benefit from several other services directly from the convenience of their mobile phones.
Customers can easily apply for the Abraj Energy Services Company IPO subscription through the mobile banking app, which is available for download on both the App Store and Google Play.
