OAB Announces Winners of the July Hasaad Savings Draw

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.