OMAN ARAB BANK CELEBRATES RAMADAN WITH HIGH NET WORTH CUSTOMERS IN MULTIPLE GOVERNORATES

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Muscat, July 4th 2016 – Aiming to network and enjoy the spirit of the Holy Month of Ramadan together, Oman Arab Bank (OAB) recently organized a series of exclusive Iftar gatherings for its high net worth customers in multiple locations across the Sultanate. The special Iftar’s were attended by more than 300 high net worth customers in total including local top dignitaries as well as the Bank’s regional senior management.

The high-profile events were held in Dhofar , Batinah , Sharqiya , Dakhiliya and Muscat regions and enabled OAB’s management and staff to further foster their relationship with the Bank’s customers. Earlier in Ramadan, OAB organized a dazzling Iftar event in Muscat for its Elite Priority Banking customers where it also announced the name of the lucky customer who walked away with the OMR 100,000 Hassad Savings Scheme prize that was earmarked specifically for Elite customers. A similar exclusive draw will also be held in December.

Ahmed Al Kharusi, Head of Regional Management and Branch Support, said, “The Iftar celebrations we held across Oman reflect OAB’s strong commitment to go beyond the requirements of our valued customers to ensure they enjoy the highest levels of personalized service and experience. Delivering excellence in customer service and an enriched Ramadan event is part and parcel of that dedication.”

OMAN ARAB BANK LAUNCHES NEW WEBSITE TO ENHANCE ONLINE CUSTOMER EXPERIENCE

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Muscat, July 12th 2015 – Oman Arab Bank (OAB) has announced the launch of its newly redesigned website, offering an improved customer experience and providing an enhanced online resource. The attractive site, which can be navigated with ease via desktop, tablet or mobile device, offers customers and visitors clearer and more informative content in both Arabic and English including details on products and services and online application for accounts, loans, and credit cards. Login for account holders is now more straightforward and both branches and ATMs are quickly located on the dynamic location map.

On the occasion of the website launch, Oman Arab Bank GM Retail Banking, Fahd Amjad, commented, “We are improving our presence in the digital world seeing demand from our customers. Recognizing and responding to the increasing importance of online channels in daily life, we have endeavored to enhance customer experience and increase customer convenience through the introduction of a variety of new digital services such as e-loans and paperless electronic statements to name but a few.”

He added, “Recently, we have reached out to customers through a variety of social media platforms, and now, in the latest stage of our technological journey, with this new redesigned and improved website we offer our current and prospective customers an exciting new level of banking ease, keeping them informed, and facilitating the management and arrangement of their personal finances.”

Fahd went on to say that the new OAB website reflects the exceptional experience and high standards the Bank strives to deliver every day in its wide network of branches and other touch points, reinforcing its strong relationship with customers and taking OAB excellence in customer service to a new level.

From the onset, OAB has harnessed the power of innovation to deliver more efficient and sophisticated products and services and to create a richer and more rewarding online relationship with its customers. Over the years, the Bank has emerged as one of the Sultanate’s most trusted banks thanks to its diligent service and ability to meet the evolving needs of its customers. Today, the Bank operates over 65 strategically located branches throughout Oman and offers a wealth of innovative Retail Banking, Corporate and Project Finance, Investment Banking, Trade Finance and Islamic banking solutions.

OMAN ARAB BANK APPOINTS RASHAD AL-MUSAFIR AS DEPUTY CEO

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Muscat, July 13th 2016 – Oman Arab Bank (OAB) announced the appointment of banking and finance expert Rashad bin Ali Al-Musafir as Deputy Chief Executive Officer, effective August 14th 2016. An experienced banker and seasoned professional, Al Mussafir will work closely with the Bank’s Chief Executive Officer, Amin Al Husseini and his leadership team, to realize the Bank’s strategic ambitions . ‎

On the occasion, Rashad bin Mohammad Al Zubair, Chairman of the Board, Oman Arab Bank, commented, “Oman Arab Bank has always been committed to hiring and developing talented Omani professionals across all functions and departments especially senior leadership roles. We are pleased to welcome Rashad Al Musafir on board to our growing team and we are confident that his management experience will prove invaluable in further strengthening the Bank  and enhancing customer service.”

Amin Rasheed Al Husseini added, “I am delighted to welcome Rashad Al Musafir to Oman Arab Bank and look forward to working hand-in-hand with him to ensure we continue to provide innovative banking solutions to our valued customers. His established track record and in-depth experience will prove invaluable in further strengthening the Bank’s franchise and improving shareholder value in addition to his ability to manage risks in challenging conditions while delivering growth with the guidance and support of its shareholders; Ominvest and the Arab Bank Group.”

Rashad bin Ali Al-Musafir, said, “I am excited to join Oman Arab Bank and be part of a great institution that has a long standing history in providing customers in the Sultanate with a unique and far-reaching banking proposition. I am looking forward to working together with the executive management team to continue taking the Bank from strength to strength .

With 20 years of industry experience and knowledge in running and managing high-profile profitable operations, Rashad joins OAB from Bank Sohar where he worked for almost 10 years in various leadership positions the most recent once being Acting Chief Executive Officer, Chief Financial Officer and Acting Head of Compliance. Prior to that, Rashad worked with Al Madina Gulf Insurance, Oman International Bank and the Central Bank of Oman. A Cleared Certified Public Accountant (CPA); he holds a Bachelor of Arts in Economics and Finance from Boston University and completed the reputable Harvard Business School General Management Program.

OAB was established in 1984 following the acquisition of Arab Bank’s branches in the Sultanate. For over 30 years, Oman Arab Bank (OAB) has been an active contributor to the Sultanate’s ongoing growth and development by offering customers and organizations of all sizes innovative solutions complemented by local and international expertise. Today, OAB provides a comprehensive suite of products and services in Retail banking, Corporate and Project Finance, Investment Banking, Trade Finance and most recently, Islamic Banking. The Bank has provided financing for setting up major projects in Oman that have a wider economic impact including power generation, water desalination, aviation and infrastructure to name but a few.

The Bank’s principal shareholders are Oman International Development and Investment Company SAOG (51%) and Arab Bank PLC (49%).

17 LUCKY PEOPLE WIN BIG WITH OMAN ARAB BANK’S HASSAD SAVINGS SCHEME

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Muscat, July 14th 2016 – Rewarding its valued customers like never before, Oman Arab Bank (OAB) recently distributed 157,500 OMR to the 17 lucky winners of its Monthly, Elite and Eid Al Fitr Hassad Savings Scheme draws. Unveiled in January 2016 to encourage personal savings, the Bank has provided more than 72 customers with a total of 420,000 OMR cash prizes since the beginning of the year.

The heirs of S.S. Al Harthi were unveiled as the lucky winners of OAB’s prestigious Elite prize, winning a total of OMR 100,000. Meanwhile, Nasser Al Jabri from Al Amrat branch collected the OMR 40,000 Regional Prize for the month of June.

The rewards also extended to reach five female account holders and five young savers under the age of 18, who were each rewarded with OMR 1,500 and OMR 1,000 respectively. Additionally and as part of OAB’s Eid Al Fitr draw, five lucky accounts individually winning OMR 1,000.

Hana Al Hinai, Assistant General Manager, Head of Wealth Management, Bancassurance and Liabilities at OAB, expressed: “On behalf of OAB, I would like to congratulate our 17 winners. With Hassad, we continue to reward our loyal customers by giving them the opportunity to win big as an added benefit to saving for the future. Our customers have plenty to look forward to with an upcoming super draw offering two people the chance to win OMR 50,000 each and a mega prize of OMR 100,000 exclusively for Elite Priority Banking.”

Under the Hassad Savings program, all OAB Hassad Account Holders are automatically entered into prize draws by simply maintaining a balance of OMR 100 or more. In addition to its monthly cash prizes, the Bank has more bonus draws lined up for its customers with special prizes set to be distributed on Omani Women’s Day and the 46th Omani National Day.

OMAN ARAB BANK INTRODUCES INNOVATIVE INSURANCE PRODUCTS FOR COMPLETE CUSTOMER PEACE OF MIND

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Muscat, July 19th 2016 – Oman Arab Bank (OAB) has signed an agreement with the Sultanate’s most trusted insurance company, National Life & General Insurance company, to introduce six new Bancassurance products to OAB customers.

Speaking at the signing of the agreement, Fahd Amjad, General Manager Retail Banking at Oman Arab Bank said, “These new additions to the fast-growing Oman Arab Bank range of outstanding products and services have been expertly developed in collaboration with insurance experts at National Life Insurance. We are committed to the evolving needs and expectations of our valued customers, supporting their ambitions and plans, and building a relationship with them based on trust and reliability. Carefully tailored to provide optimal levels of cover and protection for every possibility, they provide complete reassurance for the policy-holder, allowing them to rest easy in the knowledge they will be well-taken care of in every eventuality.”

Transparent and affordable, the newcomers to the burgeoning Oman Arab Bank portfolio of leading customer-focused products and services are currently available at Oman Arab Bank branches in the Muscat and Batinah region and will expand all other regions across the sultanate in the next coming months.

Hanaa Al-Hinai, Assistant General Manager, Head of Wealth Management, and Liabilities & Bancassurance said, “Caring for our customer’s needs as well as protecting their homes, families and health is a priority for Oman Arab Bank. We have carefully designed six products that cater to our customer needs in terms of Motor, Home, Medical, Personal Accident, Travel and Critical insurance. Dedicated insurance specialist are available at selected branches across the sultanate and offer our customers professional expert advice to our customers regarding their protection needs.”

Ever since OAB was established in 1984, the Bank has been working diligently to serve its customers and over the last 32 years has introduced a wealth of ground-breaking products and services. Today, OAB operates over 65 branches across the Sultanate providing innovative Retail, Corporate, Project, Investment, Trade and, most recently, Islamic Banking solutions.