Muscat, September 26, 2018: Oman Arab Bank (OAB) recently conducted its Hasaad draw for the month of August, at its Head Office. The draw saw 83 winners from across the Bank’s branch network receiving OMR 500 each, together with one winner of OMR 20,000 as part of the Monthly Elite Draw and another of OMR 20,000 as part of Regional Draw covering the Bank’s branches in Dhofar.

Commenting on the draw for July, Rashad Al Sheikh, Deputy General Manager of Retail Banking at OAB said, “With the August draw now done, we have one more draw left before we move into the final quarter of the Hasaad Savings Scheme for 2018. That being said, there are still hundreds of prizes yet to be won, providing even more opportunities for our customers to be rewarded for their savings.”

Hasaad Savings Scheme in its current edition offers the Bank’s clients across all regions and branches a chance to win one of several valuable prizes on a monthly basis. These prizes come as part of the Bank’s monthly draws, alternating between OMR 1,000 and OMR 500 per winner every month, across all branches. Regional Prize Draws, which will see one winner of OMR 20,000, conducted once every two months over the course of the year. The Hasaad Savings Scheme will also include 12 dedicated prize draws for Elite account holders with one winner of OMR 50,000 every quarter and one winner of OMR 20,000 for every month in between.

“On behalf of OAB I would like to congratulate each of the winners of the August Hasaad Savings Scheme draw; as well as encourage our other customers to continue saving so as to maximise their chances of winning in the upcoming draws,” added Rashad.

Oman Arab Bank is one of the first banks to be established in Oman, with a rich and proud history. Today, the bank operates a nationwide network of 65 branches and representative offices and 148 ATMs spread across the Sultanate. OAB provides the complete range of financial products and services for personal banking, corporate and investment clients.

Muscat, August 5, 2018: In cooperation with the Royal Oman Police (ROP), Oman Arab Bank payment kiosks that have been lately launched facilitate the payment of local and GCC traffic fines, in addition to municipal fines for residents (expats) or other visitors to the Sultanate during the summer holiday. The launch of these kiosks embodies the partnership initiatives between the public and private sector in the Sultanate.

Commenting on the launch of the self-service kiosks, Rashad Al Sheikh, Deputy General Manager of Retail Banking at OAB said, “We at OAB, are proud to be the first bank in the Sultanate to collaborate with the ROP in providing self-service kiosks at Muscat International Airport. These kiosks will facilitate the payment and enquiry of fines for locals, residents, and visitors to the Sultanate. These devices are easy to use and are equipped to collect fines via bank cards or cash deposits. Initially, three devices have been installed at various locations across Muscat International Airport so as to maximum their accessibility to visitors.”

The first kiosk is in the departures building in hall one, the second is located at the visa cancellation hall, while the third kiosk is located near the passport and electronic travel gates. These devices can be used by entering the ID number for citizens and residents and visa number for tourists. Omanis can also settle or enquire about their traffic violations through these kiosks.

Oman Arab Bank is one of the first banks to be established in Oman, with a rich and proud history. Today, the bank operates a nationwide network of 65 branches and representative offices and 148 ATMs spread across the Sultanate. OAB provides the complete range of financial products and services for personal banking, corporate and investment clients.

Muscat, August 27, 2018: Oman Arab Bank (OAB) offers customers a comprehensive trio of market-leading loan products that are guaranteed to meet any customer’s needs or requirements. Comprising of the OAB Auto Loan, Personal Loan, and Housing Loan, OAB covers the entire spectrum of any customer’s loan requirement while offering competitive rates and quick hassle free application and processing together with several other value-added benefits.

Commenting on the Bank’s loan offering, Rashad Al Sheikh, the Deputy Head of Retail Group said, “Our Loan products are continuing to grown in popularity amongst our customers, thanks to their incredible flexibility, hassle free processing, and quick approval process. Furthermore, each of our products have been designed to provide our customers with the best possible interest rates that are amongst the lowest in the market; together with other value added benefits.”

A Personal Loan from OAB offers total peace-of-mind with unrivalled flexibility with repayment periods of up to 10 years and highly competitive interest rate; and can even be used to buy out other loans that customers may have. The Bank also offers special rates for government and semi-government employees and the option for instalment deferment on special occasions. Furthermore, quick hassle free electronic application processing ensures customers have the funds they require in their account whenever they need them.

The housing loan is available for all types of home purchase – from existing homes and under construction properties, to land, renovation and even self-construction. With a loan tenure of up to 25 years, down payment as low as 20%, competitive interest rates, and the option of combining multiple sources of income, the Housing Loan ensures your purchase remains as affordable as possible. Furthermore, as with personal loans, OAB offers special rates for government and semi-government employees. The option for loan deferment of up to 18 months is available for construction projects and financing of ITC properties. And if customers already have a housing loan with another bank, OAB can even arrange for special buyout deals.

Completing the trio of loan offerings from OAB is the auto loan OAB offers its customers auto loans for new and used cars for up to 80% of the value at a special rates. Finance will be available for a period of up to ten years; for both Omani and expatriate customers. The program also prides itself on offering quick processing with initial approvals and hassle-free loan processing.

For more details on all OAB loan products please visit your nearest OAB branch, email the bank at contactus@oman-arabbank.com, or contact the Bank’s Call Center on +968 2475 4444.

Oman Arab Bank is one of the first banks to be established in Oman, with a rich and proud history. Today, the bank operates a nationwide network of 65 branches and representative offices and 148 ATMs spread across the Sultanate. OAB provides the complete range of financial products and services for personal banking, corporate and investment clients

Muscat, August 14, 2018: in line with its consistent efforts to promote collaboration between the private sector and higher education institutions; Oman Arab Bank (OAB) conducted a series of training programs for undergraduates and fresh graduates. The number of trainees involved in these programs reached 57 for the first four months of the current year, while the total last year reached 171. Not only did these programs provide the trainees with the expertise they needed to succeed in their careers, but also offered them an opportunity to put into practice what they have previous studied only theoretically.

Commenting on providing students with this opportunity, Adil Al Rahbi, the Head of the Human Resources Division of OAB said, “At OAB, we recognise the different roles we need to play in boosting our contribution to the community; roles that go beyond the traditional activities CSR may offer. It is in line with this ideology that the Bank is committed to its annual training programs for college and university students in Oman or abroad. The trainees can join different departments within the Bank based on their specialisations, with the aim of providing them with an opportunity to gain a deeper insight into a real workplace environment within the banking sector. In addition, they acquire new key skills, such as working within a team and completing work in a way that serves the goals of the entire institution.”

The training programs covered a multitude of majors that comprise accounting, marketing, finance and banking, information technology, human resources, public relations, and several more for a period of one to two months; based on the type of program chosen. Every trainee that has participated in these programs has emphasised their usefulness, and said that they were successful in acquiring new banking knowledge and skills.

“Training the students receive provides them with better job opportunities, be is within OAB itself or even other banking institutions. Moreover, during the training period, they will come across challenges that need to be overcome; providing the trainees with yet another opportunity to acquire new skills that can augment the theoretical knowledge they have already learned. As such, they will be better qualified and significantly more productive right from the first day at they work, compared to someone that hasn’t undergone such training. We are extremely pleased with the results of our training programs so far; which in turn has been a source of encouragement for us to continue offering them for the foreseeable future,” Adil further added.

Oman Arab Bank is one of the first banks to be established in Oman, with a rich and proud history. Today, the bank operates a nationwide network of 65 branches and representative offices and 148 ATMs spread across the Sultanate. OAB provides the complete range of financial products and services for personal banking, corporate and investment clients.

• Rashad Al Zubair: We are fully confident in the capability of Rashad Al Musafir to achieve the Bank’s objectives going ahead

Muscat, September 3rd, 2018: The Board of Directors of Oman Arab Bank (OAB) announced yesterday the appointment of Rashad Ali Al Musafir in the position of the Chief Executive Officer (CEO) as of September 02, 2018.

Al Musafir joined OAB in 2016 as the Deputy CEO and later, in February 2018, was appointed as the Acting CEO, replacing the former CEO, Amin Al Husseini; who subsequently took on the role of the Bank’s Advisor.

During his time at OAB, Al Musafir has been involved in several initiatives and development plans to modernise operations. These were an extension of the Bank’s ongoing transformation strategy launched in 2014, with the aim of strengthening the Bank’s position as a preferred Bank amongst its customers in the Sultanate. Over the past four years, the Bank has undergone dramatic changes that shifted its focus from being a conventional bank primarily concerned with corporate clients and financing projects, to a leading retail bank that services individuals, companies, and investors alike. It even undertook a long-term vision towards employing modern technologies across every facet of its operations. As a result, it is today one of the most sophisticated and technologically advanced local banks in the country.

Commenting on the new appointment, Rashad Al Zubair said, “We are confident in the ability of Rashad Al Musafir to lead the executive management team of the Bank. Our decision comes as part of our continued endeavour towards empowering talented Omanis to take up senior management positions within the Bank. This is also the result of great efforts put in by the Bank in training and developing national talent and fostering their professional growth. On behalf of the Board of Directors, I would like to congratulate Mr. Al Musafir on his new position and wish him all the best in achieving the Bank’s objectives. I would also like to take this opportunity to thank Amin Al Husseini, the former CEO of OAB, for his hard work and the great effort he has put in over the past five years towards moving the Bank to a sustained transformation. I would also like to thank him for his efforts in implementing the executive transition and succession plan that the board had confirmed two years ago.’’

Thanking the Board of Directors, Al Musafir said, “I fully appreciate the confidence the Board has shown in my ability to lead this world-class banking institution. I am convinced of the tremendous potential of the Bank’s staff and I will work hard towards channelling their talent towards helping strengthen the Bank’s presence as a leading Omani banking institution. I would like encourage each one of them to work together as a single unified team and make a collective effort towards ensuring the success of this endeavour.”

Al Musafir holds a Bachelor’s degree in Finance from Boston University in the United States of America. He has also studied Business Management at Harvard University and has over 20 years of experience in banking and financial institutions. He started his career as a Statistical Data Analyst in the Central Bank of Oman in 1997. Over the next two decades, he held a number of senior positions in leading financial institutions, with his most recent being the Acting CEO of Bank Sohar. The above appointment is subject to the necessary regulatory approvals.

Oman Arab Bank is one of the first banks to be established in Oman, with a rich and proud history. Today, the bank operates a nationwide network of 65 branches and representative offices and 148 ATMs spread across the Sultanate. OAB provides the complete range of financial products and services for personal banking, corporate and investment clients.