Muscat, October 07, 2020: Oman Arab Bank (OAB) has announced the names of the 131 winners of its monthly Hasaad Savings Scheme for August. This included 94 winners of the monthly branch draws of OMR 1,000 each, ten winners of the Children’s Account draw (OMR 100 each), twenty winners of the Youth Account draw (OMR 100 each), five winners of OMR 500 of the Bank’s Salary Transfer draw and two winners of OMR 10,000 of the Elite draw from the Muscat branch.

Commenting on the results of the draw, Rashad Al Shaikh, Acting Head of the Retail Banking Division at OAB, said, “As we near the last quarter of the year, I am proud to note that we continue to see an increased number of savings from our customers. I believe that this is the main reason behind Hasaad, which is to promote a savings culture so that our customers have a fallback option for finances in the long run. Additionally, we will continue giving several exciting prizes to mark the success of the Hasaad scheme, with even more exciting prizes being rolled out at every consecutive draw till the end of 2020.”

The Hasaad scheme sees 94 lucky winners, with a minimum of one winner per month per branch, receiving a prize of OMR 500 and OMR 1,000 at the quarterly draws. In addition, ten winners are selected from the Children’s Account holders (aged 18 and below) and receive OMR 100 each. Twenty winners are selected from the Youth Account holders (aged between 18 and 27), each receiving a prize of OMR 100. There are also two Elite winners of OMR 10,000 each per month.

The monthly Elite draw is replaced by a Grand Prize draw of OMR 50,000 for one lucky Elite customer, and occurs twice a year, in June and December. Oman Arab Bank also conducts a special ‘Big Prize’ draw of OMR 25,000 for one winner across its expansive branch network at the end of every quarter.

The Salary Transfer draw was introduced in 2020, which sees 5 winners per month receiving a prize of OMR 500 each, as well as a guaranteed gift to both children and youth (up to 27 years old) once a year. Oman Arab Bank is the only Bank providing a guaranteed gift to its youth customers.

“On behalf of OAB, I would like to extend my warmest congratulation to all of the winners of our latest draw. I also encourage everyone else to continue to save, so that they can increase their chances of winning. I wish everyone the best of luck in the remaining draws of the year,” Rashad added.

Oman Arab Bank has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, the bank operates a nationwide network of 55 branches and representative offices with 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking, corporate banking and investment clients.

Muscat, September 20, 2020: Oman Arab Bank recently announced the launch of its new promotional campaign, which takes place from 15^th September until 18^th November 2020. The campaign commemorates Oman’s 50^th National Day and signifies the five decades of the country’s transformation journey, which began under the guidance of the founder of its modern renaissance, the late His Majesty Sultan Qaboos bin Said bin Taimur – may his soul rest in peace, and is continued by His Majesty Sultan Haitham bin Tariq– may the Almighty preserve him – as he leads Oman and all its people towards further growth and prosperity.

As part of the promotional campaign, the first 500 existing customers to refer a friend, acquaintance or family member to open an account at OAB via the OAB Online App will each receive a guaranteed cash prize of OMR 50. The first 500 customers to open an account with OAB and transfer their salary of OMR 500 or more will receive a guaranteed cash prize of OMR 50. In November, every OAB customer will have the opportunity to be a part of a special Hasaad draw for a chance to win one of the 50 prizes of OMR 500 each.

Highlighting the importance of the campaign launch, Rashad Al Shaikh, Acting Head of the Retail Banking Division at OAB, said, “Oman’s 50^th National Day is a significant occasion for all its citizens and marks an incredible milestone for the country. Therefore, we decided to make this occasion even more special and spread happiness to all our valued customers and the people of Oman. Emphasising on our slogan “The Power of 50”, we are extremely proud of all the accomplishments that have taken place throughout the last half-century, and we look forward to being a part of the vision of our wise ruler, who will lead us towards an even brighter future .”

As a part of the campaign, OAB’s Retail Division introduces a new service window on the OAB Online App that simplifies the new account nomination process. Existing customers can submit details of the person they are looking to nominate and the Bank will conduct a follow-up to check whether the nominees is interested in opening an account. Upon approval, the account will be opened, with a cash prize of OMR 50 deposited to the new customer’s account when they transfer their salary, as well as the account of the existing customer.

“Since the 50^th National Day marks the golden jubilee of the renaissance of Oman, our campaign was designed to reach out to the widest segment of potential customers, by involving the efforts of our existing customer base. In this way, we can show our gratitude and appreciation to our valued customers for their continuous loyalty and trust over the years. Despite the current challenges, OAB has achieved various milestones in 2020 and I am confident that this campaign will also add to our success, while simultaneously celebrating our nation’s progress.”

OAB has a rich and proud history as one of the first financial institutions established in the Sultanate. Today, the bank operates a nationwide network of 55 branches and representative offices with 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking and corporate banking clients. On July 2020, after the completion of the merger between Oman Arab Bank and Alizz Islamic Bank, the bank has turned into a public joint stock company and its shares were listed on Muscat Securities Market.

Muscat, September 9, 2020: Oman Arab Bank (OAB) has announced the names of 132 winners from its July monthly Hasaad Savings Scheme. This included 95 winners from the monthly branch draws of OMR 500 each, ten winners of OMR 100 from the Children’s Account draw, twenty OMR 100 winners from the Youth Account draw, five winners of OMR 500 from the Bank’s Salary Transfer draw and two winners of OMR 10,000 of the Elite draw from the Muscat branch.

Commenting on the results of the draw, Rashad Al Shaikh, Acting Head of the Retail Banking Division at OAB said, “We continue to see a rise in the amount of savings from our bank’s customers, especially since the last few months and we are proud to see how the Hasaad scheme has contributed to this culture. It is important that we highlight and promote the need for having savings, which is beneficial for every individual’s financial stability in the long run. We continue to roll out exciting prizes until the end of the year as part of this highly successful scheme, with each month’s draws bringing in even more incredible prizes.”

The Hasaad scheme sees 95 lucky winners, with a minimum of one winner per month per branch, receiving a prize of OMR 500 and OMR 1,000 at the quarterly draws. In addition, ten winners are selected from the Children’s Account holders (aged 18 and below) and receive OMR 100 each. Twenty winners are selected from the Youth Account holders (aged between 18 and 27), each receiving a prize of OMR 100. There also two Elite winners of OMR 10,000 each per month.

The monthly Elite draw is replaced by a Grand Prize draw of OMR 50,000 for one lucky Elite customer, and occurs twice a year, in June and December. Oman Arab Bank also conducts a special ‘Big Prize’ draw of OMR 25,000 for one winner across its expansive branch network at the end of every quarter.

The Salary Transfer draw was introduced in 2020, which sees 5 winners per month receiving a prize of OMR 500 each, as well as a guaranteed gift to both children and youth (up to 27 years old) once a year. Oman Arab Bank is the only Bank providing a guaranteed gift to its youth customers.

“I congratulate all the winners of the July draw and wish everyone else the best of luck in the upcoming months. I hope that all our valued customers will continue to enhance their efforts to save more so that they can increase their chances of winning in the next draw,” Rashad added.

Oman Arab Bank has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, the bank operates a nationwide network of 55 branches and representative offices with 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking and corporate banking.

Muscat, August 31, 2020: Oman Arab Bank continues to enhance its presence in the local banking industry as one of the best-certified e-payment solutions providers. The Bank has heavily invested in building an advanced digital infrastructure, capable of keeping pace with the rapid technological changes that influence the growth of businesses while enriching the digital business environment. Based on this concept, OAB’s advanced e-payment gateway has emerged as one of the best e-channels for digital payments in the Omani market.

Commenting on the features of this innovative technology, Rashad Al Shaikh, Acting Head of the Retail Banking Division at OAB said, “Our e-payment gateway is the only one in the market that provides direct connectivity for all types of local and international bank cards, in addition to competitive service fees and 24/7 advanced technical support. This single-integration point allows our customers to easily make transactions and accept payments from anywhere in the world. Moreover, our team supervising the gateway is always ready to facilitate the activation process for new customers, and support them in all their banking requirements.”

“Currently, the global market is witnessing rapid developments in the sphere of doing business, with e-commerce emerging as one of the most promising sectors. Due to changes in government services, cash transactions have declined in favour of online payments. This reinforces the need to establish more reliable digital banking solutions that enable real-time payment and seamless cash flow services. This is an extremely useful service for business owners, and especially SMEs, since it prevents payment delays. As one of the most advanced local financial institutions, we see it as our responsibility to provide advanced solutions and accelerate digital transformation in both the public and private sector,” Rashad added.

For several years now Oman Arab Bank has been on the path to promote growth through innovation. Its transformation strategy is based on strategic pillars, the most important being enabling innovation across various business activities. This is possible through the development and implementation of advanced, state-of-the-art technologies. The Bank has proven the effectiveness of its vision by successfully activating new digital channels and solutions during the COVID-19 crisis, generating widespread acclaim. OAB continues to maintain its position as one of the most prominent providers of digital services in the local banking sector.

OAB has a rich and proud history as one of the first financial institutions established in the Sultanate. Today, the bank operates a nationwide network of 55 branches and representative offices with 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking and corporate banking clients.

Muscat, August 23, 2020: Oman Arab Bank opened its new branch in the Wilayat Al Khaborah recently. The branch is conveniently located next to the Public Prosecution Office and hosts a large parking area. Opened to reinforce OAB’s strategy, the new branch enhances the customer experience and offers only the best in banking solutions.

Commenting on the opening of the new branch, Rashad Al Shaikh, Acting Head of the Retail Banking Division at OAB, said, “We are proud to see an increase in customers that joined the Bank from Al Khaborah. The relocation and revamping of this branch are in line with our strategic objective, which focuses on providing our customers with a comprehensive and integrated banking experience that exceeds their expectations, every step of the way.”

The new Al Khaborah branch features an enhanced brand identity, with a refreshed look and feel in line with all other transformed branches. Its contemporary design is accompanied by various exciting features and systems, which have been introduced as part of the Bank’s transformation strategy. Every aspect of the Al Khaborah branch, from the waiting area to the different sections of the branch, are aimed at delivering an exceptional, integrated experience for our customers. Special features such as screens that promote OAB’s latest products and services, private advisory spaces with moving monitors, and digital signature pads and ID card readers, all allow for a more personalised experience at our advisory stations.

Similar to the previous branches, the design inspiration is based on the ‘Omani Skyline’. White for local architecture, brown to signify desert sands and grey for the mountains. Blue glass overhangs complete the look and feel by reflecting the sky. Each distinctive design blends seamlessly, enriching the customer experience and offering an unmatched quality of service.

The new branch also features a dedicated reception desk, Majlis, and RM offices for “Elite” customers to provide them with an exclusive, private and memorable banking experience. The objective is to bring together distinct designs and meet the Bank’s transformational goals, which revolves around enriching customer experience based on the high-level of offered services.

“The Al Khaborah branch will serve our customers from its new location. Access to OAB’s digital banking channels, including the website, mobile app and WhatsApp platform, further allow our customers to choose their preferred option of banking with us, without compromising on the level of services and experience,” Rashad added.

OAB has a rich and proud history as one of the first financial institutions established in the Sultanate. Today, the bank operates a nationwide network of 65 branches and representative offices with 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking and corporate banking clients.