Muscat, October 5, 2022: Oman Arab Bank recently conducted an exciting live draw at the auditorium of its Head Office to pick the winners for the FIFA World Cup Qatar 2022™ hospitality packages, courtesy of Visa. The announcement comes as part of OAB’s recent special offer in partnership with Visa, for all football enthusiasts among its customers that grants them an opportunity of a lifetime to attend one of the FIFA World Cup 2022™ matches in person in Qatar.

Ahmed Hadid Al Mukhini, a former player of the Oman national football team, was the guest of honour at the raffle ceremony. The event also witnessed the attendance of members of the Bank’s management team and employees. The draw saw hospitality packages given away to the three lucky winners. Each comprised of an all-expenses-paid trip for two to the FIFA World Cup 2022™, which includes air tickets, accommodation, and stadium transport, courtesy of Visa.

Speaking on the occasion, Rashad Al Sheikh, the Head of the Retail Banking Division at OAB, said, “We congratulate all the winners. This is a once-in-a-lifetime opportunity to attend one of the world’s most-anticipated sporting events and enjoy a memorable experience. At OAB, we constantly aspire to provide top-notch services and exceptional offers that target and meet the needs of all segments of the community. Thanks to our collaboration with Visa, this promotional offer falls in line with these objectives. We are delighted that the campaign witnessed such great interest from customers. Through this offer, we wanted to surpass customers’ expectations and fulfil their dream of attending the FIFA World Cup™, courtesy of Visa.”

The Bank launched the offer in partnership with Visa in July 2022. OAB Visa Credit Cardholders were automatically entered into raffle draws when they used their Visa cards for purchases. The prize was an all-expenses-paid trip for two to the FIFA World Cup 2022™, which includes air tickets, accommodation, and stadium transport, courtesy of Visa.

OAB has a rich and proud history as one of the first financial institutions to be established in the Sultanate.

Muscat, July 25, 2022: Oman Arab Bank (OAB) recently introduced its Service Ambassadors Programme to enhance customers’ in-branch experience. The Service Ambassadors will be the first point of contact for customers visiting select OAB branches. They will seek to understand customers’ banking requirements and deliver the highest quality of service to ensure customers are supported and assisted throughout their branch journey.

Highlighting the importance of the programme, Rashad Al Shaikh, Head of the Retail Banking Division at OAB, said, “Fostering a customer-centric approach and a holistic experience falls under one of the key pillars of our transformational strategy. By enhancing the quality of services extended to all of our customers, we strive to increase our opportunities for success and excellence. With this in mind, we have made prudent efforts in choosing suitable talents from within the Bank to represent us as Service Ambassadors across our branch network. They will be present within select branches as the first point of contact to support customers and are well-versed in answering any enquiries that customers may have, including those related to the Bank’s products and services, transactions and more. This step will enrich the efficiency of the Bank’s operations and will also encourage familiarity as soon as customers enter the branch.”

The Service Ambassadors were given extensive training to help them prepare and develop their communication and customer service skills, as per global best practices. They were also provided with comprehensive information related to OAB’s products and services to help them get accustomed to typical queries posed by customers. Furthermore, the Service Ambassadors will support branch staff by directing customers to the respective service provider, effectively facilitating the implementation of customer transactions across OAB banking platforms and spreading awareness of the Bank’s digital channels.

OAB has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, the OAB Group operates a nationwide network of 48 conventional branches and 145 conventional ATMs locations 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.

Muscat, July 2, 2022: In line with its sustainability strategy and its commitment toward supporting the community development, Oman Arab Bank (OAB) recently sponsored Design Muscat 2022 event. Held under the patronage of HH Dr Adham Turki Al Said, Assistant Professor of Economics, Sultan Qaboos University, the event took place in Scientific College of Design from 13 to 15 June. The symposium witnessed various international and local participations from the public and private sectors. Many experts in the design and sustainability sector and those interested in the field also attended.

“Supporting effective initiatives that are aligned with our sustainability strategy comes at the forefront of our mandate. Through our contribution to these initiatives, we aspire to enhance socio-economic growth. Design Muscat is one of the essential events that resonate with Oman Vision 2040 which aims to uplift the quality of life by harnessing sustainability and keeping abreast with the latest international developments.  Therefore, building a bright future for the Sultanate and its people,’’ said Mr. Rashad Al Zubair, Chairman of the Board of Directors of Oman Arab Bank.

Under the theme “Re-thinking creative Industries Role towards Sustainability”, the event organised several interactive workshops and delivered presentations that discussed applying the elements of sustainability in art and design. It also focused on the challenges and solutions related to implementing sustainability in the physical environment and integrating sustainability into academic modules and research.  Furthermore, the symposium shed light on the role of various entities in achieving the objectives of Oman vision 2040 concerning sustainability and supporting the innovative solutions presented by academic institutions, researchers, and artists.

Design Muscat 2022 is a non-profit international event and a brand with a focus on the creative industries. It is a professional platform for practitioners, academicians and students to share expertise and knowledge. It is a biennial gathering where professionals explore how creativity, innovation, business and social factors impact design.

OAB delivered a presentation on sustainability during the event that highlighted its Financial Literacy initiative. The recently launched initiative delivers a series of informative videos that aims to equip Omani youth with the necessary financial skills and knowledge to empower them to make informed financial decisions. It focuses on subjects such as loans, savings, and financial management.

OAB’s sustainability strategy was designed to strengthen the Bank’s social impact within its three main strategic pillars: community partnerships, environmental responsibility and financial inclusion. The strategy was developed to boost the Bank’s social contribution in line with its business growth. The Bank will remain steadfast with its commitment towards delivering impactful initiatives over the year.

Muscat, Sultanate of Oman, 14 August 2022 | Oman Arab Bank is committed to providing customers with attractive offers and benefits that meet their needs and fulfil their financial aspirations. As a testament to this, the Bank has announced a reduction in personal loan interest rates starting from 4.25% per annum for a limited time only.

Customers can now apply for a new personal loan or buyout their existing personal loans with other Banks at a competitive interest rate by visiting their nearest Oman Arab Bank branch. The offer is valid until the 1^st of September 2022.

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 48 conventional branches and 142 conventional ATMs locations 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.

8 May 2022: Muscat, Oman: Oman Arab Bank (“OAB”) recently launched a unique ‘Financial Literacy’ series across all its social media platforms to promote financial well-being among Omani youth.

The series of videos address major financial decisions, such as buying a house, buying a car, getting married, saving, and running a business. This initiative by OAB is aligned with one of the Bank’s sustainability pillars: Financial Inclusion.

Commenting on the series, Leen Al-Atassi, Head of Corporate Communications at OAB said, “Financial inclusion is vital for our economy to flourish and is key to the success of Oman Vision 2040. Through our research, we have found that one of the biggest obstacles to financial inclusion amongst youth is a lack of understanding of the financial sector and the various services they have at their disposal. Through this series, our objective is to offer Oman’s youth guidance and direction on how to manage their finances responsibly.”

She added, “What makes this series unique is that it addresses real challenges that people face in their day-to-day lives, and it is a testament to our commitment to putting customers at the heart of our business.”

The episodes were developed with the youth in mind; the content is simple, fun, easy to understand, and locally relevant.

Al-Atassi added, “At the beginning of their career, people often resort to indulgent spending and borrowing to finance their dream car or house. This often leads to a cycle of debt that the borrower may find challenging to settle. Through this financial literacy series, we aim to help individuals plan and define their short and long-term goals to ensure financial well-being.”

The Financial Literacy series will be broadcast across the Bank’s social media channels and the OABistidama website.

OAB has been promoting financial literacy through workshops with SMEs and various NGO’s across the Sultanate since 2019. OAB has also developed a sustainability strategy that is aligned with Oman Vision 2040 and the United Nations Sustainable Development Goals (UNSDG).  The strategy consists of three pillars: Environmental Responsibility, Community Partnerships and Financial Inclusion. OAB also issued its first GRI-certified Sustainability Report for 2020.