Mahfoudh Al Rawahi – A Successful Career Story at OAB

Mahfoudh Al Rawahi – A Successful Career Story at OAB

  • From Teller to the Head of Central Operation Division.

Muscat, June 27 2021: Mahfoudh Al Rawahi spent over three decades at Oman Arab Bank, moving from one position to another until he reached his current position as Head of Central Operation at the Bank’s headquarters. Mahfoudh began his career with OAB in 1988 as a Teller, following his graduation from the Institute of Vocational Training, Accounting Division. Over the course of the following years, he proved himself as one of the most prominent national competencies, showcasing sincerity and determination to achieve success. He maintained this position while completing his academic career, graduating from Waljat College with Bachelor’s degree in Business, while still working as a Teller. This drew the attention of the Bank’s management, who paved the way for his career advancement.

With regard to his experience at OAB, Mahfoudh Al Rawahi said, “Ever since my first days at the Bank, I have found support from the management, who were keen on enabling the young national workforce to enhance in the banking sector. Work was challenging and we, as Omanis, had to prove our ability to perform well in a sector that was the backbone of the economic development in that particular period. Thankfully, I was able to demonstrate my capabilities and within only two years I moved up to manage Customer Service and Remittances, for two years. After which, I was positioned at the Accounting Department and worked there for 3 years.”

Following this, the Bank’s management decided to send him to Jordan to study for a specialised banking diploma at the Arab Academy for Banking and Financial Sciences (AABFS).

“Upon completion of seven years at the Bank, the management decided that I was qualified to take on a higher position and greater responsibilities. This led to the decision of my appointment as an Assistant Branch Manager at one of the Bank’s branches. I worked in that position for 4 years, during which I moved to two different branches to gain more experience. Following this, I was promoted to Branch Manager and performed my duties for 11 consecutive years, shifting between four major OAB branches. With the establishment of the new branch structure, I was then appointed as the Deputy Regional Manager for OAB branches in the Governorate of Muscat. I held this position for three years before moving into the Department of Retail Banking to be responsible for the Branch Operations Section for a period of two years. And this is where it has led me, to my current position as Head of Central Operations” he continued.

Commenting on empowering the national workforce as part of the Bank’s vision, Rashad Al Musafir, CEO of OAB, said “Since its establishment nearly four decades ago, the management has been determined to enhance the Bank’s workforce. This is possible with the introduction of qualified national competencies who are capable of enhancing their performance by complementing the human resources growth and development strategy set by the OAB management. It includes the implementation of programmes and plans that utilise scientific techniques and various learning methods that focus on practical implementation, selecting suitable people, as well as investing in modern technologies to establish a culture of learning and performance development. The leadership development programme “LEAD”, which was implemented in 2017, is an integral part of this strategy, focused on honing the talents and skills of nationals and preparing them to take on greater responsibilities within the Bank’s executive management. Three editions of ‘LEAD’ have already been successfully launched, which witnessed 60 leaders who underwent intensive training courses for six months, in cooperation with an institute specialised in management sciences. The Bank’s management has continued to pave the path for them by enabling their participation in work teams that implement various projects around the concept of a non-routine ‘flexible’ institution. This is in addition to encouraging their participation in the Bank’s initiatives, with some of them having assumed leadership positions after graduating from the ‘LEAD’ programme. Therefore, today we stand here proudly, reinforcing that the role of our national competencies is prominent in various disciplines and work sites. We consider them our most important assets at Oman Arab Bank, and a source of our confidence and pride.”

“The experience of our colleague Mahfoudh Al Rawahi is a testament that competency and determination is the path to professional development and building a promising career. I am confident that Mahfoudh’s success story will inspire many of his colleagues who have just begun their careers and looking to hold higher positions, not only at OAB but wherever they may be. For us at OAB, we are proud to have Mahfoudh and his colleagues be a part of our team. The team strives to provide only the best services, aligned with the Bank’s strategy aimed at positioning OAB at the forefront of the local banking sector,” he added.

As part of Oman Arab Bank’s commitment to the National Omanisation Programme, the Bank was able to maintain one of the highest Omanisation rates in the banking sector, exceeding 96.3%. This is in addition to achieving 86.4% of Omanisation in senior management positions. All of which are considered to be among one of the highest Omanisation rates within the local banking sector.

“The advancement in one’s career is not solely dependent on the number of years as some may expect. Instead, it takes will and determination to achieve success and constantly acquiring more knowledge and experience, to be able to perform better every year. This is further enhanced by a supportive work environment, similar to the one OAB provides its employees. I wish all the youth in the banking sector the best of luck and that the future is in their hands,” Al Rawahi concludes.

OAB Supports Families Affected by Storm in North Al Batinah

Muscat, June 8, 2021: Oman Arab Bank has launched an initiative to help low-income families that have sustained damage to their homes by the recent storm in North Al Batinah Governorate. This initiative is conducted in coordination with the Ministry of Social Development.

Commenting on this initiative, Feras Al Farsi, Sustainability and CSR Specialist at OAB said, “We continuously strive to strengthen our relationship with the community because that is one of the main pillars of our sustainability strategy. We encourage our employees from branches across the Sultanate to follow up with any families in need within the areas they serve and to inform us of any critical cases that require immediate support. We then review these cases and based on the analysis, take necessary action to support those that are affected. In this particular instance, The regional management of the Bank’s branches in the governorate has presented a report to the executive management, which includes suggestions as to how OAB can provide support to families in need. This has been approved and we are coordinating with concerned personnel from the Ministry of Social Development for its implementation, alongside local SMEs, enabling them to benefit from this initiative as well.”

The OAB initiative will be providing support to low-income Omani families in the governorate by taking care of house repairs via reputable local construction companies. The Ministry of Social Development will identify cases that require immediate support. The initiative will also support affected OAB employees residing within the North Al Batinah Governorate, under the direct supervision of the Bank’s regional management.

“We always aim to organize our community initiatives in a way that will enhance sustainability and ensure our support reaches those who need it most, in the most effective way possible. OAB has created an integrated framework under which all the Bank’s sustainability initiatives fall. These initiatives aim to highlight our three sustainability pillars, namely community partnerships, environmental responsibility and financial inclusion. This particular initiative is in line with the Bank’s sustainability objective of enhancing community partnerships and providing support where needed – reinforcing its responsibility as one of the oldest financial institutions in the Sultanate,” he 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 53 branches and representative offices with 160 ATMs spread across Oman. OAB provides a complete range of financial products and services through its OAB Online App.

OAB Announces Winners of its May Hasaad Savings Draw

OAB Announces Winners of its Hasaad Savings Scheme for April

Muscat, June 7, 2021: Oman Arab Bank recently announced the names of the winners of its Hasaad Savings Scheme for April. The draw saw 101 customers winning prizes of OMR 500 each. As for Elite account holders, two customers won OMR 10,000 each from the Al Batinah and Muscat branches.

Commenting on the results of the April draw, Rashad Al Shaikh, Head of the Retail Banking Division at OAB, said, “The current conditions have encouraged our customers to increase their savings in order to ensure that they have finances to rely on. This, in turn, enables them to improve their chases of winning several exciting prizes that can be availed as part of the Hasaad Savings scheme. We are proud that through the implementation of Hasaad, we have enabled our customers to embrace the need to save for unprecedented situations, which has proved beneficial, especially during these difficult times. To showcase our appreciation, we continue to offer them incredible rewards until the end of the year.”

The Hasaad Savings Scheme 2021 will see 101 lucky winners each month from the 54 branches winning OMR 500 each. This is in addition to a Big Prize draw which will see two winners of OMR 10,000 each, every quarter.

The Elite Draws will see two winners every month of OMR 10,000 each. This is replaced by an Elite grand prize draw conducted every three months with one lucky winner of OMR 25,000.

“On behalf of everyone at OAB, I extend a warm congratulations to all the winners of the April Hasaad Savings Draw. For those of you that did not win, I encourage you all to continue saving so that you can increase your chances of winning for the remainder of the upcoming draws in 2021. Wishing everyone the best of luck,” 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 54 branches and representative offices with 160 ATMs spread across Oman. OAB provides a complete range of financial products and services through its OAB Online App. Customers can now digitally open an account and benefit from several other services, directly from the convenience of their mobile phones.

OAB Completes First Issuance of International Perpetual Bond of USD 250 Million on the London Stock Exchange

  • Making OAB the first local bank this year

Muscat, May 30, 2021: Oman Arab Bank SAOG (OAB) has successfully issued USD 250 million Additional Tier-1 Perpetual Bonds, listed in the International Securities Market (ISM) of the London Stock Exchange. This makes OAB the first local bank this year to do so, ensuring a positive impact on its shareholders and the national economy at large.

Mr Rashad Al Zubair, Chairman of OAB commented, “This recent issuance marks another successful milestone in the history of OAB and our journey of growth. Furthermore, it is in line with the vision of the Central Bank of Oman, focusing on the need for local banks to expand and enhance their position and capabilities to finance developmental projects for the Sultanate, under the overarching strategy of Oman Vision 2040. I would like to extend, on behalf of OAB Board, a warm welcome to the diversified set of international investors who have placed their trust on the growth story of Oman’s economy in general and OAB in particular.”

Highlighting the importance of this milestone, Rashad Al Musafir, CEO of OAB, said, “This is a huge step for us, especially following the successful acquisition of 100% of shares of Alizz Islamic Bank (AIB) and merging our Islamic banking window with AIB. As of mid-2020, Oman Arab Bank was transformed into a public joint-stock company, with its shares listed on the Muscat Securities Market, marking a fundamental achievement in our history that spans across nearly four decades. Today, we are proud to announce another success in the history of OAB’s expansion with the issuance of an International Perpetual Bond of USD 250 Million on the London Stock Exchange, one of the largest securities markets in the world. This will contribute towards our efforts in attracting foreign investments to the local banking sector to meet the Bank’s growth and development plans.”

“We are proud of the positive reaction of OAB’s first international offering that has generated widespread interest from international investors that included several top-notch funds from the London market. The final order book was valued over USD 1.1 billion, which is a testimony to the high level of confidence placed by international investors on Omani economy and local banking sector, as well as the financial performance of OAB,” he added.

This step is considered the first issue of its kind for OAB in foreign currency and is also the first international issuance of public AT1 (Additional tier-1 bonds) in the last 3 years from Oman. Therefore, making it significant in enhancing domestic liquidity with a continuous flow of foreign investments, especially during the current market conditions. The issuance was jointly managed by Emirates NBD Bank PJSC, First Abu Dhabi Bank PJSC, Kamco Investment Company K.S.C.P., Standard Chartered Bank and Ubhar Capital SAOC.

Oman Arab Bank has a rich and proud history as one of the first financial institutions to be established in the Sultanate. In June 2020, OAB completed its acquisition of Alizz Islamic Bank and merging it with its Islamic banking window. OAB was transformed into a public joint-stock company, with its shares listed on the Muscat Securities Market for the first time. Today, the bank operates a nationwide network of 53 branches and representative offices with 160 ATMs spread across Oman. OAB provides a complete range of financial products and services to individuals, companies and investors. As one of the most advanced banks, it provides comprehensive digital solutions through its OAB Online App, through which customers can open new accounts and benefit from other services, directly from their mobile phones.

Rashad Al Shaikh Appointed as Head of Retail Banking Division at OAB

  • Spearheading the Bank’s strategy on digitalising retail banking services

Muscat, May 23, 2021: Oman Arab Bank announced the appointment of Rashad Al Shaikh as Head of Retail Banking Division at OAB, after being the Acting Head of the Division, as of last year. The management’s decision stems from the various successes achieved by Rashad in the last period, especially concerning the acceleration of the digital retail banking strategy.

Commenting on the appointment decision, Rashad Al Musafir, CEO of OAB said, “Rashad Al Shaikh has extensive experience in retail banking. He also has a future vision for the mechanism of developing these services in line with the Bank’s strategy to enhance innovation in new solutions that we offer to the market. During the last few months, Rashad led the Division’s efforts, while he was Acting Head, and proved his presence in the development of digital solutions, which were launched by OAB for the first time in the local market. He played a significant role in the steady increase of the number of digital banking users and ensuring their level of satisfaction, which is a key objective for the Bank. I am confident that the Retail Banking Division will achieve remarkable performance under the leadership of Rashad Al Shaikh during the coming period.”

“The decision of Rashad’s appointment in his new role is in line with the Bank’s strategy aimed at enhancing the presence of national competencies in the executive management. This is part of the Bank’s career succession and talent management plan. On behalf of the management, I would like to wish Rashad Al Shaikh immense success in his new position as the Head of the Retail Banking Division,” he added.

Commenting on his appointment, Rashad Al Shaikh said, “Iam grateful for the trust placed in me by the Bank’s management, especially Rashad Al Musafir, to lead the Retail Banking Division to further success. I expect that there will be fundamental changes in the ways our banking services and products are offered to individuals, in light of the rapid changes brought on by the current circumstances. On behalf of the Retail Banking team at OAB, I assure our valued customers that they will have a transformed and comprehensive banking experience, aligned with international standards and will not only live up to their aspirations but also exceed expectations.”

Rashad Al Shaikh has a vast banking experience of over 21 years in various fields including corporate banking, project financing, investment banking services and retail banking services. Rashad holds a Bachelor of Arts in Business Administration from the University of Central Florida in Orlando, United States of America. `

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 54 branches and representative offices with 160 ATMs spread across Oman. OAB provides a complete range of financial products and services through its OAB Online App. Customers can now digitally open an account and benefit from several other services, directly from the convenience of their mobile phones.

Hilal Al Siyabi

OAB Launches Several Initiatives during Ramadan

  • Under the slogan ‘Giving Made Easy’

Muscat, April 13, 2021: As part of its goal to foster strong community partnerships Oman Arab Bank has announced the launch of several initiatives on the occasion of the holy month of Ramadan. The campaign highlights the ability for customers to donate to the charities of their choice via the instant donation feature on the OAB Online App as well as through their ATMs. In cooperation with Dar Al Atta’a the bank will alos be placing a donation box in Oman Avenues Mall to make donating easy for shoppers. Together with their charity partners the Bank will also be offering support to families for their Ramadan needs. In addition, the Bank will be launching Fawazeer Ramadan, a competition on its Instagram stories, which includes a daily trivia question for followers, taking place until the end of the month. For each correct answer, the Bank will donate to the charities listed on the OAB Online App.

Commenting on the Ramadan campaign, Hilal Al Siyabi, Head of Corporate Communication at OAB, said, “In light of the current conditions, there is a need to strengthen community partnerships. These initiatives are aligned with the Bank’s strategy to enhance sustainability in all aspects of our business. This is possible by enriching community partnerships through charitable work during the holy month of Ramadan, in addition to the activities directly undertaken by the Bank.”

“Following the launch of the instant donation feature on the OAB App, we have witnessed an increase in the number of customers using this feature. Recently we have been working to increase the number of charitable organisations on the app as well as our ATMs. This way we can enable everyone to contribute to charities in the easiest and most convenient way possible,” he added.

There are 6 charitable associations that can be donated to through the OAB Online App and the ATM network. These include the Association for Children with Disabilities, Environment Society of Oman, Al Noor Association for the Blind, Takaful Fund affiliated to the Ministry of Social Development, Dar Al Atta’a and Oman Charitable Organization.

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 54 branches and representative offices with 160 ATMs spread across Oman. OAB provides a complete range of financial products and services through its OAB Online App. Customers can now digitally open an account and benefit from several other services, directly from the convenience of their mobile phones.

OAB Receives K2 Middle East Workflow Hero Award 2020

OAB Receives K2 Middle East Workflow Hero Award 2020

  • In recognition of efforts aimed at enhancing customer experience and solving complex challenges across the business

Muscat, April 11, 2021: Oman Arab Bank (OAB) was recently bestowed with K2 Middle East Workflow Hero Award 2020. The award is a testament to the Bank’s efforts towards ensuring continuous dedication towards its key objective of enhancing overall customer experience and overcoming challenges within its business environment through innovative platforms, such as K2.

Commenting on receiving the award, Asma Al Zadjali, Head of Banking Operations Group, said, “OAB has always strived to maintain itself as pioneers within the industry, by keeping up to date with the latest financial trends and constantly adapting to meet the needs of the market. With the onset of the pandemic last year, we decided to make our products and services available on our OAB Online App, to provide customers with convenient banking options. On behalf of the OAB management, I would like to thank the organisers of the event for awarding us with this accolade, which further affirms our commitment towards continuously developing innovative solutions and ensuring a high-quality customer experience.”

Launched in the last quarter of 2020, OAB’s ‘Step to the Future 3.0’ set the stage for the Bank’s next level of digital evolution. It included various AI-driven e-payment solutions and facilities, aimed at providing superior customer experience and convenience within the local banking industry.

“While many of our internal processes were already automated, with prevalence of the pandemic brought in new challenges like ‘work from home’. The combination of our Transformation journey using Agile methodology, robust K2 system and people skills set we possess in this area, we were able to launch many new services in a very short timeframe taking the level of automation of our internal processes to a new level which in turn facilitated work from home and bringing in further efficiencies and productivity improvements. We also launched an array of new services for our customers to facilitate them to interact with the bank from the convenience of their homes, including a loan deferment and digital onboarding facility, making us the first bank to do so. This reduced the need to be physically present at the Bank and submit paper-based forms,” Asma added.

The K2 Awards identify outstanding achievements of entities and organisations that have delivered world-class automation solutions via its K2 platform.  Despite the challenging year and dynamic conditions, several businesses in the region have risen to the task to operate efficiently and maintain business continuity.

Oman Arab Bank is a proud achiever of one of the highest percentages of Omanisation in the banking sector, currently at 96%. The 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 160 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking, corporate banking and investment clients.

OAB Organises Awareness Workshop on Pandemic Updates for Staff

  • Held in collaboration with the Royal Hospital

Muscat, April 7, 2021: In light of the current rise of COVID-19 pandemic cases and with the aim of generating awareness among staff on the developments of the pandemic and methods of dealing to deal with it, the Human Resources Division at OAB organised a virtual workshop on Tuesday, April 6. Conducted in collaboration with the Royal Hospital, the workshop highlighted the new COVID-19 variants, which has led to the spread of the new wave during the last few weeks. These developments have brought about the need to be prepared to deal with the new strain, while simultaneously continuing to adhere to preventive measures to reduce the spread and risk of infections.

Commenting on the importance of holding the workshop, Adil Al Rahbi, Head of Human Resources Division at OAB, said, “With the upcoming developments taking place, it has now become vital for people to think proactively. Therefore, we decided to conduct this workshop, which is also a part of the Wiqaya programme, launched by the Human Resources Division since the onset of the pandemic, which includes several preventive measures that have been taken to reduce the risk internally within the Bank.”

“The workshop sheds light on the precautionary measures that must be followed at the Bank to prevent the spread of infection. It also provided an overview of the available vaccines, the types and differences as well as its relevant benefits in providing immunity from the infection in the future,” he added.

The workshop was organised through the virtual platform, Zoom, keeping in mind the recent directives of the Supreme Committee. The Bank invited Dr. Badria Rashid Said Al Waili, Pediatric Infectious Disease Consultant at the Royal Hospital, to enlighten the employees about the recent updates of the pandemic and discuss other related topics. The workshop was attended by hundreds of employees from the different departments at the Bank, as well as from its 54 branches across the Sultanate.

“I would like to extend my utmost thanks to the employees of the Royal Hospital for their cooperation in the organisation of this workshop for the Bank’s staff, to help generate awareness of the current developments, as per the latest official information. I would like also to thank them for taking the time to answer all the questions and enquiries that our employees had, which is a reflection of their eagerness in providing every means of support that is focused on combating the pandemic at various levels,” he concluded.

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 54 branches and representative offices and 160 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking, corporate banking and investment clients.

OAB Concludes its First-ever Virtual Innovation Hub in the Sultanate

  • Team ‘DivyIT’ were the winners in the student category
  • Team ‘Ebina’ won in the Fintech/professional category
  • Team ‘Digital Artist’ achieved first place in the OAB Staff category

Muscat, April 5, 2021: Upon the completion of the 24-hour virtual hackathon, Oman Arab Bank (OAB) announced the final results of the Innovation Hub 2.0, which was organised virtually, for the first time in the Sultanate. The hackathon saw the participation of over 550 participants, who were divided into three categories, students, Fintech/professionals and OAB employees. Each of them had to present innovative solutions under the three main themes; Fintech,  tourism,  and cybersecurity.

Commenting on this event, Rashad Al Musafir, CEO of OAB, said, “Each of the participants showcased immense passion for innovation and were eager to take part, despite the circumstances. We are extremely proud of their determination and innovative spirit. I strongly believe that many of the participants will play a significant role in shaping the future of the banking sector in the Sultanate. We, are delighted to pave the way for them to in shape the future.”

The virtual Innovation Hub 2.0 kicked-off at 12 pm on Friday, April 2 and continued until 5 pm on Saturday, April 3, with the names of the winners being announced by the judges at the event. Team ‘DivyIT’ achieved first place in the student category, winning a cash prize of OMR 2,500, an innovation internship programme at the Bank and the opportunity to be employed by the Bank in the future. In the Fintech/professionals category, team ‘Ebina’, came in first place and won a OMR 2,500 cash prize as well as an opportunity to potentially collaborate with the Bank to implement the solution. The OAB Staff winners was team ‘Digital Artist’, which included four employees from the Retail Banking Division. They were awarded a cash prize of OMR 2,500 and will be able to join the Innovation Lab to work on their innovative ideas.

Leen Al Atassi, Head of Innovation at OAB said, “The competition was intense, but we were truly amazed by the talent, passion for innovation and the immense potential that our  youth and young professionals demonstrated during the 24-hr challenge. We were also very pleased to see  the number of participants increase every year, which gives us a lot of motivation and determination to continue to run these platforms. I would like to thank all our participants for joining the virtual Innovation Hub hackathon this year, and we are looking forward to working closely with the winning teams over the next few months to bring their ideas to life in our newly established Innovation Lab, but most importantly we are looking forward to hearing more about the participants’ innovation journeys after the hackathon.”

“I would also like to thank the judges, our strategic partners including GBM, Visa, O Cert, Talabat, Phaze Ventures and Phaze Ro, as well as everyone involved in making the Innovation Hub hackathon a great success. For those of you who did not win, we would like to encourage you to continue working on your ideas and present them once again at the next edition of the Innovation Hub. We at OAB will continue to be a part of your journey in empowering you in your efforts to shape the local banking sector, in the years to come. Wishing you all the best and look forward to seeing you once again at the Innovation Hub 3.0,” Leen added.

The first Innovation Hub was launched successfully in 2019 and saw the participation of more than 350 participants across 70 teams. Nine of the participating students joined the Bank’s innovation internship for a period of 6 six months and four students were offered employment opportunities at OAB.

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 54 branches and representative offices with 160 ATMs spread across Oman. OAB provides a complete range of financial products and services through its OAB Online App. Customers can now digitally open an account and benefit from several other services, directly from the convenience of their mobile phones.

OAB Announces Winners of its May Hasaad Savings Draw

OAB Announces Names of Winners of its Hasaad Savings Scheme for February

Muscat, March 30, 2021: Oman Arab Bank announced the results of the first draw of its Hasaad Savings Scheme for 2021. 101 customers won prizes of OMR 500 each, alongside 5 winners of OMR 1,000 each from the salary transfer segment. As for Elite account holders, two customers won OMR 10,000 each from the Barka and Al Qurum branches.

Commenting on the launch of the new scheme, Rashad Al Shaikh, Head of the Retail Banking Division at OAB, said, “We are delighted to see a huge number of our customers continue to save, especially given the prevalent conditions. This way, they can ensure that they have a form of finance to rely on, for themselves and their families. As always, we strive to reward them for their efforts towards saving with an array of exciting benefits every month and giving them a greater chance of winning by having them save more.

The Hasaad Savings Scheme 2021 will see 101 lucky winners each month from the 54 branches winning OMR 500 each, as well as 5 winners of OMR 1,000 each, from those who transfer their salaries to Oman Arab Bank. This is in addition to a Big Prize draw which will see two winners of OMR 10,000 each, every quarter.

The Elite Draws will see two winners every month of OMR 10,000 each. This is replaced by an Elite grand prize draw conducted every three months with one lucky winner of OMR 25,000.

“I congratulate all the winners of the February Hasaad Savings Draw and wish the rest of our valued customers the best of luck for the rest of the upcoming draws, which will take place over 2021. I would like to encourage them to continue saving so that we can enable them to build a savings culture for their own benefit and a better future.”

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 54 branches and representative offices with 160 ATMs spread across Oman. OAB provides a complete range of financial products and services through its OAB Online App. Customers can now digitally open an account and benefit from several other services, directly from the convenience of their mobile phones.