OAB enhances students’ financial literacy with memorable experiences at its OAB Kids Branch

Muscat: Oman Arab Bank (OAB) organized visits for school students to the Kids Branch at the Bank’s Head Office, as part of its new initiatives to develop future generations and instill financial awareness among young people.
The Bank believes in the importance of community partnership in providing practical experiences that complement school curricula and contribute to enhancing the skills of young people and preparing them for their role in development in the future and keeping pace with various local and global progresses.

Sulaiman Al Harthy, CEO of OAB, said: “Over decades of distinguished banking, OAB has strengthened its extraordinary position in the Omani banking sector by developing its services according to the highest international standards and investing in its human resources, believing that individuals are the basis for growth and success.
The bank focuses its long-standing expertise in human resource development to support the achievement of national targets in light of the Oman’s future vision. OAB has presented many unprecedented initiatives in the Sultanate of Oman to build future generations, such as “Ruwad Al Arabi” program to develop national leadership, “Ruwad Al Arabi” program to empower university graduates in the labor market, and the opening of the first Kids Branch of its kind in the Sultanate of Oman, through which the bank aims to provide a wide range of activities to raise awareness of the importance of saving and spread financial culture to children”.
He added: “The visits organized for students to the OAB Kids Branch encourage the spirit of innovation and increase awareness of financial culture among younger generations. We are keen to boost learning and provide notable experiences during students’ visits, which contributes to broadening their horizons and stimulating their passion to think about the future from an early age, as this constitutes one of the important foundations for creating a generation capable of successfully managing its financial affairs and looking forward to a promising professional life from a young age, especially in the fields of freelancing and entrepreneurship”.
During their visits to the OAB Kids Branch, students are divided into two groups to simulate different banking experiences. The first group plays the role of a customer to learn about the processes of receiving a cheque book, opening a bank account, and obtaining bank cards, in addition to simulating spending and saving, as well as long-term financial planning. The other group of students put on different roles such as a branch manager, assistant branch manager, or cashier.
The exciting and enriching experiences that students undergo during their visit to the OAB Kids Branch represent a unique involvement that complement their educational curricula, and augments the concept of broad education and contributes to spreading financial culture among our young students.