OAB Introduces a Fun Way to Bank for Youth

Muscat, January 20, 2018: Oman Arab Bank (OAB), has launched a new account to help youth manage their money effectively and encourage active savings from an early age. OAB’s Youth Account has been designed specifically for students between the ages of 18 to 24.  It offers free mobile data, together with special discounts at numerous participating merchants across the country.

In partnership with Omantel, the Youth account comes with exclusive benefits, including up to 24GB of free mobile data annually. The free data is available to Youth account holders simply by maintaining a minimum monthly saving of OMR 200. In addition, all Youth account holders are also eligible to participate in the special youth draws as part of the Hasaad Savings Scheme Draws, by meeting the required minimum monthly balance for each draw.

Building on the bank’s commitment to enhancing its customers’ banking experience across all its customer touchpoints; OAB has simplified the account opening journey by issuing instant and personalised Debit Cards for youth account holders at 30 branches across the Sultanate.

Commenting on the launch, Rashad Al Sheikh, Deputy General Manager of Retail Banking at OAB said, “At OAB, we are committed to developing innovative products and services to better serve every demographic of our customer base. This latest product has been specifically designed with our youth in mind, emphasising to them the importance of financial independence whilst at the same time encouraging them to save by offering them exciting incentives and unique offers and benefits to help them make the most of their finances.”

Saleem Abdullatiff, General Manager of Marketing at Omantel’s Enterprise Unit, said “We are glad to partner with Oman Arab Bank to offer Youth Account holders free mobile internet, which comes as part of our long-standing cooperation with OAB and to encourage youth to use Internet and mobile banking more often. This also comes in line with Oman’s progress towards a digitally transformed nation where youth play a major role. As a national company that strives to enrich lives around the Sultanate, Omantel is keen on paving the way for a thriving digital society through successful partnerships and enhance customers’ experience. We will continue to provide youth with great offers and support initiatives that increase their role in the society.”

OAB Youth Account holders will also have exclusive access to key social and sports events across the country and will enjoy an enhanced digital banking experience as part of the second phase of the launch later this year.

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 152 ATMs spread across the Sultanate. OAB provides the complete range of financial products and services for personal banking, corporate and investment clients.