OMAN ARAB BANK CELEBRATES WITH ITS FEMALE WORKFORCE

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Muscat, October 17th 2016 – Oman Arab Bank held its annual Omani Women’s Day celebration at its Ghubra Head Office this week in recognition and appreciation of the extraordinary contribution made by its outstanding female employees to all aspects of its activities and operations. Attended by female employees and other staff members management, the celebratory event welcomed OAB CEO Amin Al Husseini and Deputy CEO Rashad Al Musafir as guests of honor.

Expressing his pride in the women of the OAB Team and thanking them for their exceptional efficiency and achievement, CEO Amin Al Husseini said: “At OAB we believe that our motivated and enthusiastic female talent are at the heart of our continued success and growth, helping us build a heritage of trust over three decades.”

“Following the wise guidance of His Majesty Sultan Qaboos, OAB plays a proactive role in creating an environment in which our female employees can flourish and achieve their professional goals and ambitions. We foster their talents across all functions, departments, and branches and ensure that they have access to training programs to enhance their skillsets and develop future leaders,” he added.

OAB Deputy Chief Executive Officer, Rashad AlMusafir commented: “It is a great pleasure once again to gather with colleagues and celebrate Omani Women’s Day. In doing so, we acknowledge and honor the important contribution women are making to the legacy of OAB, to the banking sector in general, and to the development and diversification of Oman’s economy, helping create a prosperous future for generations to come.”

An equal opportunities employer with the strategy of becoming Oman’s ‘employer of choice’, the percentage of the females working in Oman Arab Bank is close to 40% of its entire taskforce. The Bank is committed to creating a positive professional environment based on a culture of teamwork, supporting and rewarding employees as they achieve excellence in their positions and progress in their careers in the 65 OAB branches across the Sultanate.

11 MORE LUCKY SAVERS WIN BIG WITH OMAN ARAB BANK’S HASSAD SAVINGS SCHEME SEPTEMBER DRAW

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Muscat, October 23rd 2016 – Spearheaded by its dedication to help customers achieve financial prosperity, Oman Arab Bank (OAB) announced the 11 lucky winners of its Hassad Savings Scheme Draw for the month of September. M.S.H. Al Hajri from the Al Sharqiyah North Governorate walked away with OMR 40,000 as the latest winner of the monthly Regional Prize, while five lucky female account holders and five young savers each received OMR 1,500 and OMR 1,000 respectively.

Congratulating all of Hassad Savings Scheme winners, Hanaa Al Hinai, Assistant General Manager, Head of Wealth Management, Banassurance and Liabilities, said, “Hassad was expressly designed to help foster a culture of saving and reward our customers with a unique opportunity to win big and fulfill their dreams. The response we have received from customers has been immense and we look forward to rewarding even more through this initiative.”

All OAB customers with a minimum balance of OMR 100 at the end of the month are automatically entered into the draw. Entering the final stretch of the year, the 2016 Hassad Savings Scheme still has plenty to offer savers, with more than OMR 300,000 in cash up for grabs including its super draw at the end of the year, which will offer two customers the opportunity to win OMR 100,000. Additionally, the Bank is organizing an exclusive Elite Draw for OMR 100,000 in December alongside other special draws in celebration of the upcoming Omani Women’s Day and the 46th National Day.

OMAN ARAB BANK PARTNERS WITH TANFEEDH

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Muscat, 31st October 2016 – Underlining its dedication to the continued progress and prosperity of the Sultanate, Oman Arab Bank was the proud partner of the ceremony held to mark the conclusion of the second phase of the National Programme for Enhancing Economic Diversification, Tanfeedh

A core element of Oman’s Ninth Five-Year Development Plan, Tanfeedh is of significant national importance. At this point of the plan, the discussion and consultation stage, domestic and international public and private sector experts were brought together in a six-week long series of intensive discussions to contribute to the country’s strategy of economic diversification and growth.

“It is a privilege to partner with Tanfeedh, a propitious and productive initiative, and an important milestone as the Sultanate moves forward with its strategy of broadening and diversifying the economy,” remarked OAB CEO Amin Al Husseini.

He added: “Committed to supporting Oman’s national development, OAB is working steadfastly with partners in the government and private business community to promote Oman as an attractive and viable investment haven. Furthermore, as the Sultanate’s leader in SME finance, we help entrepreneurs and small businesses across the country achieve their ambitions and fulfill their role as engines of job creation.”

Over the last three decades, OAB has contributed to the Sultanate’s economic strength through the financing of major infrastructure, construction and development projects in areas including hydrocarbons, transport, logistics, energy, and health. The Bank actively engages with the international community to promote Oman as a trade and investment partner and offers a range of proven trade finance solutions. Addressing the needs of Oman’s all-important SMEs and start-ups, it has created a range of innovative financial products headed by the new TOMOUHY portfolio of services which includes working capital finance, term loans for capital expenditure, contracts and equipment finance, import and export finance.

Today, OAB operates more than 65 branches and offices, and more than 135 ATMs in high footfall locations across the Sultanate that are supported by Arab Bank’s 600 branches spanning five continents. As of December 31st 2015, the Bank’s total assets stood at RO 1.98 Billion (USD 5.15 Billion) and net worth of RO 226 Million (USD 587 Million).