12 Customers Win Round Trip to London in OAB-Emirates Draw

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Muscat, December 06, 2018: Oman Arab Bank (OAB) together with Emirates Airline conducted a draw where 12 lucky customers won a free round trip flight to London with Emirates. The draw was conducted as part of an exclusive partnership between Oman Arab Bank (OAB) and Emirates Airline earlier in the year; wherein customers would enjoy exclusive discount offerings on online ticket purchases and Emirates Holidays packages. Furthermore, as part of the offer, any customer who applied for a new OAB Credit Card between May 01 and July 31, 2018, were entered into this exclusive draw.

The draw to pick the 12 lucky winners was recently conducted at the Bank’s Headquarters in Ghubra, and was attended by Rashad Al Shaikh, DGM – Retail Banking at OAB and Saeed bin Hafez, Emirates Country Manager Oman, together with other members of management and staff from both companies.

Commenting on the new offer, Rashad Al Shaikh, DGM – Retail Banking said, “At OAB we are always looking for opportunities to provide our customers with greater value from our products and services, be it through value additions, offers, promotions, and more. This offer with Emirates has been one of our most popular to date. We look forward to collaborating with them again in the future for similar promotions.”

Saeed bin Hafez, Emirates Country Manager Oman said, “Our partnership with OAB has been a very successful one, adding more value to OAB  card holders through broader travel benefits, discounts and packages. We would like to congratulate each of the 12 winners of the draw and wish them an enjoyable trip to London.”

Aside from the draw, all existing OAB customers who used their OAB cards to purchase Emirates tickets online at emirates.com/om/oab, between May 01 and July 31, 2018, received up to 10% discount on annual and promotional fares. In addition, OAB customers can still avail of a 10% discount on Emirates Holidays packages purchased and used before December 31, 2018. Customers are required to use their OAB cards to purchase the packages online at www.emiratesholidays.com/om_en/pages/oab.

OAB offers a range of VISA Credit Cards comprising of VISA Internet, Classic, Gold, Platinum, and Infinite; each of which come with a range of benefits including high credit limits, flexible repayment options, complementary airport lounge access, insurance options, and much more depending on the type of card issued. However, all cards benefit from OAB’s reward points – a comprehensive loyalty program from for the Bank’s Credit Card members offering an array of privileges. It has been designed to keep each customer’s unique lifestyle needs in mind and is amongst the most rewarding value additions to any OAB card holder. Whether it is travelling, staying in a resort, dining out, or shopping for business or pleasure, the OAB Rewards gives each customer more of what they enjoy.

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

Emirates operates three daily flights from Muscat to over 150 global destinations via its hub in Dubai. Onboard, passengers can look forward to world-class in-flight menus and the award-winning ice system with up to 3,500 channels of entertainment.

OAB Sponsors Inter-School Contest in Al Buraimi

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Muscat, 11 December 2018: As part of its commitment to the community, Oman Arab Bank (OAB) recently sponsored the closing ceremony of the competition ‘The Best Electronic tool for Mathematical education’ across schools of the Al Buraimi Governate. The event was organised by the Directorate General of Education in Al Buraimi. The ceremony was held under the auspices of Ahmed bin Amer al Kharousi, Assistant General Manager of Retail Banking and Head of Regional Management and Branch Support Department at OAB, and saw the attendance of Ali bin Abdullah Al Nuaimi, Assistant Director General, and Ali bin Faris Al Azzani, Assistant Director General of the Directorate General of Education in Al Buraimi, together with a number of administrative experts, educators, line managers, principals, and PE teachers.

Commenting on the Bank’s sponsorship of the event, Hilal Omar al Siyabi, Head of the Corporate Social Responsibility Department at OAB noted, “OAB believes in innovation as the key approach to development. Hence, we sponsored this competition; one that revolves around developing electronic tools that best serves Mathematics education. This event was organised by the Directorate General of Education in Al Buraimi, as it serves the innovative approach they take towards helping teachers in their jobs. We are proud of the innovative ideas presented by the participating schools, which will reflect positively on students in the schools of the Governate.”

Abdulaziz al Balushi, a Mathematics teacher at Al Afi Primary School, commented on the competition saying, “The aim of this competition is to provide Mathematics teachers with an opportunity to share their creative and innovative ideas with regards to electronic teaching aids that could serve teaching jobs, which in turn would also break the routine of the usual curriculum; introducing new learning resources and experiences to attract students.”

The ceremony included students from various schools of the Governorate putting up some shows and the chief guest handing over the prizes to the winning schools in each of the different categories of the competition.

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 150 ATMs spread across the Sultanate. OAB also provides a complete range of financial products and services for Retail and corporate banking clients.

OAB Delegation Visits SMEs in Dhakliya

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Muscat, 16 December 2018: In recognition of the importance of SMEs to the growth of the economy, Oman Arab Bank (OAB) recently conducted a visit to Dhakliya region to visit SMEs it had supported in the past, as well as explore new opportunities for partnerships. The delegation from OAB included several members of the Bank’s Corporate Banking department and was headed by the CEO, Rashad Al Musafir.

Commenting on the visit, Rashad Al Musafir said, “Small and Medium Enterprises play a vital role in developing any country’s national economy, especially for one such as ours that looking towards further economic diversification. SMEs also provide vital employment opportunities and encourage self-employment. This is why place great importance in offering them as much support as possible; be it by offering them innovative tailor-made financial products with all processes being completed in a timely manner, offering them consultancy and guidance services, or by tying up with various other entities that are supporting SMEs to help boost their services.”

The visit saw the delegation visited craftsmen and SMEs in the Dhakliya region. A large number of these visits were to companies and individuals the Bank had supported in the past in order to see how their businesses were developing as well as to obtain their feedback on the services and products offered by OAB. In addition, the delegation was also on the lookout for new opportunities for collaboration and partnerships as well as to develop synergies with companies under its support umbrella in order to further boost the growth and development of SMEs in the region.

“The SME sector greatly contributes to economic diversification and social stability, and plays an important role in private sector development. Meeting such as these help us collectively recognise the untapped and profitable opportunities present within the sector as well as provides us with a better understanding of how we can cater to as SME’s financial needs,” concluded Rashad.

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

OAB Received STP Award from Citibank

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Muscat, December 31, 2018: Oman Arab Bank (OAB) was recently recognised as one of the best ‘Straight Through Processing’ (STP) banks in Oman by Citibank, a globally renowned financial firm.

Commenting on the award, Mahfoudh Sultan Al Rawahi, the Head of Branches Central Operations at OAB said, “We are honoured to receive this award from Citibank. Industry recognitions such as this not only underscores our efforts to ensure accuracy of electronic payments, but also incentivises us to step-up our operations and processes by always adopting the best international practices.”

The award was presented to the Bank at its headquarters in Al Ghubra by Mohammed Ahmed Al Hammadi, the vice president of correspondence banking group at Citibank. Mahfoudh Sultan Al Rawahi received the award on behalf of OAB and was accompanied by members of staff from the Bank’s Central Operations department.

The award was presented to OAB in appreciation of the quality and accuracy payments sent by OAB, wherein the Bank maintained an outstanding of 95% modification-free rate for bank remittances in USD.

“Our success as a Bank, both in terms of remittances as well as our other retail and commercial products and services, can be attributed to our continued emphasis on implementing the best global standards in managing our processes, people, and service delivery,” added Mahfoudh.

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 across and 150 ATMs spread across the Sultanate. OAB provides the complete range of financial products and services for personal banking, corporate and investment clients.

OAB Announces November Winners for Hasaad Savings Scheme 2018

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Muscat, December 30, 2018: Oman Arab Bank (OAB) recently conducted its Hasaad draw for the month of November, at its Head Office in Ghubra. The draw saw 83 winners from across the Bank’s branch network receiving OMR 1,000 each, together with one winner of OMR 20,000 as part of the Monthly Elite Draw.

Commenting on the draw for October, Rashad Al Sheikh, Deputy General Manager of Retail Banking at OAB said, “With the November draw completed, we have just one more draw left, for the month of December, as part of the Hasaad Savings Scheme 2018. There are however 85 prizes to be won in the final draw, including an OMR 50,000 draw for Elite and an OMR 20,000 regional draw covering Muscat branches.  This final draw is set to take place in the first half of January 2019.”

Hasaad Savings Scheme in its current edition offers the Bank’s clients across all regions and branches a chance to win one of several valuable prizes on a monthly basis. These prizes come as part of the Bank’s monthly draws, alternating between OMR 1,000 and OMR 500 per winner every month, across all branches. Regional Prize Draws, which will see one winner of OMR 20,000, conducted once every two months over the course of the year. The Hasaad Savings Scheme will also include 12 dedicated prize draws for Elite account holders with one winner of OMR 50,000 every quarter and one winner of OMR 20,000 for every month in between.

“On behalf of OAB I would like to congratulate each of the winners of the November Hasaad Savings Scheme draw; as well as encourage our other customers to continue saving so as to maximise their chances of winning in the upcoming final draw of the Hasaad Savings Scheme 2018,” added Rashad.

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 150 ATMs spread across the Sultanate. OAB also provides a complete range of financial products and services for Retail and corporate banking clients.