OAB Announces Winners of July Hasaad Draw

Muscat, August 20, 2019: Oman Arab Bank (OAB), has announced the names of the 119 winners for its July Hasaad Savings draw, which is comprised of the monthly branch draws, Children and Youth Account draws, and the monthly Elite Draws.

Commenting on the savings scheme, Rashad Al Shaikh, DGM of Retail Banking at OAB said, “Even the smallest of savings can have a large impact later on in life. Better still, the more you save, the more chances you get to win a prize in our monthly draws. Although we have now passed the half way mark and are well into the second half of the Savings Scheme for 2019, we still have nearly 600 prizes yet to be won before the campaign comes to a close at the end of the year.”

The Hasaad Savings Scheme offers all of the Bank’s customers across all regions and branches a chance to win valuable prizes on a monthly basis. Every month the Bank holds a Hasaad draw, with the prize alternating in value of OMR 500 and OMR 1000. Each branch has a minimum of one Hasaad winner. The monthly draws also include ten winners of OMR 100 for Children’s account holders aged 18 and below. 20 Youth Account holders aged 18 to 25 will also get a prize of OMR 100. Lastly, there are two Elite account holder winners of OMR 10,000 each. This draw, however, will see its monthly prize replaced by a Grand Prize draw of OMR 100,000 for one lucky Elite customer in December. In addition to these monthly draws, the Bank will also be conducting a ‘Big Prize’ draw of OMR 25,000 across its branch network at the end of every quarter.

Rashad Al Shaikh added, “On behalf of the management, I would like to congratulate all the winners of our July draw and I encourage all our customers to continue saving for a chance to win in our upcoming draws.”

In order to be eligible for most of the prize draws, all customers have to do is open a ‘Hasaad’ account with a minimum balance of OMR 100.

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 a complete range of financial products and services for personal banking, corporate and investment clients.

OAB is the First Bank in Oman to Become an Authorised Training Employer with ICAEW

Muscat, 07 August 2019: Oman Arab Bank (OAB) has become the first bank in Oman to be recognised as an Authorised Training Employer of the Institute of Chartered Accountants in England & Wales (ICAEW), a leading international organisation that develops and supports over 150,000 chartered accountants worldwide. The partnership, which is aligned with Oman’s Vision 2040 economic strategy, will help the bank attract and retain talented individuals by offering ICAEW’s prestigious CFAB and ACA qualification at OAB’s Headquarters.

The official certification was awarded to the Bank at a special ceremony held at the Bank’s Headquarters in Ghubra on 5 August. The certificate was handed over to Rashad Al Musafir, CEO at OAB, by Michael Armstrong, ICAEW Regional Director, Middle East, Africa and South Asia. Also in attendance were members of the executive management of OAB including ICAEW Middle East Advisory Board Member and current OAB CFO, Daren Warner.

On receiving the certificate, Rashad Al Musafir said, “ICAEW is a world leader in finance and professional development. Through our collaboration, we aim to accelerate our growth and give our talented employees the opportunity to aim for ambitious targets and, most importantly, contribute to Oman’s Vision 2040 goals.”

“The value of our products and services to customers depends entirely on our ability to unlock the full potential of our staff.  Becoming an ICAEW Authorised Training Employer will help us create a high-performing and innovative organisational culture that can create unique value to our customers, employees and the wider community.”

The new partnership is part of OAB’s various talent management initiatives that are tailored to provide staff with the necessary skills to help accelerate their contribution to the country’s Vision as well as developing a knowledge-based economy.

By providing Omani nationals access to internationally recognised qualifications and training, OAB further reinforces its commitment to Omanisation, making it one of the leading banks in the Sultanate to employ, engage, and develop Omanis.

Michael Armstrong, FCA, ICAEW Regional Director said, “ICAEW works with employers worldwide to support the professional development of their teams. Our partnership with OAB stems from our commitment to equip finance talent with the broad range of technical knowledge and professional skills they need to make a great contribution to their organisation and build strong and resilient economies.”

“As an ICAEW Authorised Training Employer, OAB will be able to prepare employees for the internationally recognised ACA qualification. OAB is highly committed to staying at the forefront of the fast-paced banking industry and becoming one of our training partners will allow them to attract the best talent and develop the next generation of business leaders.”

Completing the ACA qualification through an ATE enables professionals to join an institution valued by businesses worldwide.  There are more than 5,000 employers currently training as ACA students. The qualification provides students with the combination of finance knowledge, accountancy skills and real-world business experience they need to succeed.

ICAEW Chartered Accountants are highly sought after professionals – the qualification is held by board members in 78 of the Financial Times Stock Exchange 100 Index (FTSE 100) companies.

Oman Arab Bank is proud to have achieved the highest Omanisation percentage within the banking sector, nearing 96 per cent. It also has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, the bank operates a nationwide network of 65 branches and representative offices and 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking, corporate banking and investment clients.

OAB Hayakkum Comes to Sur

Muscat, 04 August 2019: Following in the footsteps of its successful Nizwa event in June, Oman Arab Bank’s (OAB) Hayakkum made its second stop in Sur on August 1. Held at City Center Sur, the event included a number of fun games and activities for both children and adults, while at the same time providing a platform for a number of artisans and SMEs from the region to showcase their products and services.

Commenting on the roadshow, Hilal Al Siyabi, the Head of Corporate Communication at OAB said, “Getting closer to our customers and the community is something we always strive for and informal gatherings such as these are a great way to achieve this. It allows us to talk directly with them as well as address any queries or concerns they might have. It also serves as a great meeting space for families, friends and entrepreneurs to interact with each other.”

Hayakkum Sur is the second in a series of four gatherings where the Bank will be addressing their customer’s queries and showcasing the Bank’s range of products and services. These include everything from the Bank’s Hasaad Savings Accounts, to biometric security and mobile banking. In addition, as with the event in Nizwa, OAB once again invited a number of artisans and SMEs from the region to join them at the Mall and participate in the roadshow.

“Given the vital role that SMEs play in the economic diversification of our country, we, as a leading financial institution in the country, need to make every effort possible to help them achieve success. Events such as our Hayakkum roadshow offer them the perfect environment under which they can directly interact with prospective customers as well as spread awareness about the products and services they offer,” added Hilal Al Siyabi.

This event was first and foremost a family event. As such, the bank also hosted a number of fun activities for the entire family to enjoy, such as face painting, henna, games and spot prizes. The bank even hosted a magic show and bubble show for children.

This is the second of four stops on OAB’s Hayakkum Roadshow. The next will be Salalah, followed by Sohar, respectively.

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 a complete range of financial products and services for personal banking, corporate and investment clients.

OAB Hosts SME Financial Management Workshop

Muscat, July 18, 2019: Oman Arab Bank (OAB) recently organized its first SME financial management workshop, attracting businesses from diverse industries that bank with OAB. This event was in line with the Bank’s objective to support the development of small local businesses as well as to foster long-lasting partnerships with these companies.

Commenting on the workshop, Al Salt Al Kharusi, the Head of Corporate and Institutional Banking Group said, “Given the importance of the SME sector as a key contributor to trade, employment and economic growth in the Sultanate, it is critical that the sector receives adequate support. This workshop was specifically designed to provide these companies with useful knowledge on how to make the most of their resources. This is a topic that most budding businesses initially struggle with and is particularly important to address at an early stage. In doing so we can ensure these businesses establish a strong foundation for themselves and efficiently leverage every tool at their disposal to guarantee business success.”

This latest workshop held on July 17 at the OAB headquarters in Ghubra saw an attendance of over 20 entrepreneurs and staff from several SMEs operating in the capital. The workshop focused on how to manage business finances and provided the SME’s with a deeper insight into the various financial products and services available to them, both from the Bank as well as from the government and other financial institutions. It also showcased how to best make use of these tools and when. The workshop was conducted by Mohammed Zadjali from the Capital Market Authority and was overseen by the Bank’s SME team.

“As the government continues to act on and develop the country’s economic diversification strategy, SMEs will continue to play a key part in its growth. As one of the oldest banking institutions in the country, OAB has a wealth of knowledge and expertise to offer these budding businesses as they navigate the market and expand their business,”  Jamal Al Wahaibi, Head of the SME Department explained, “Furthermore, as these companies become established, their relationship with the bank will be critical. Built upon a foundation of trust and confidence, this relationship is usually one for the long term. It is for this reason that we continue to host such workshops and events; as this will not only allow us to demonstrate the importance we attach to the growth of SMEs in the country, but will also takes our relationship with these companies to the next level.”

Oman Arab Bank has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, the Bank operates a nationwide network of 65 branches and representative offices with 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking, corporate banking and investment clients.

OAB Hosts Workshop and Interviews for Prospective IT Recruits

Muscat, July 28, 2019: Oman Arab Bank (OAB) recently hosted one of the largest recruitment events targeting the IT sector. Of the applicants, 100 shortlisted candidates attended the full-day workshop and structured face-to-face interviews organised by the Bank.

Commenting on the recruitment drive, Adil Al Rahbi, Head of Human Resources at OAB said, “At OAB, we have put innovation at the heart of everything we do, from our transformation into one of the most customer-centric banks, to our investment in technological advancements. We recognise that the greatest proponents for innovation are the youth and that is why we have invested in them, in an effort to inspire future leaders. There is incredible passion emerging from the Sultanate, and we believe that young, talented individuals such as these 100 shortlisted candidates can be nurtured to leadership positions, given the right environment and training.”

The recruitment event took place on July 21 at Fraser Suites Muscat. It was attended by the shortlisted candidates, together with members of the senior management and staff from OAB. The event included a full-day workshop called ‘Design Thinking’, which demonstrates the importance of the user experience when developing a service or product. Over the course of the workshop, structured face-to-face interviews were conducted by the Human Resource and IT Divisions of the Bank with each of the candidates. At the end of the day, candidates were presented with a certificate of completion, which will be a valuable addition to their CVs.

Al Rahbi added, “On behalf of the Bank, I would like to thank every person involved in making this event a success. Most importantly, I would like to express my gratitude to the shortlisted candidates. We were truly impressed with the calibre of attendees. It just goes to show the quality of people we have here in the Sultanate.”

Going forward, these shortlisted candidates will be assessed further based on their interview results and the top candidates will be notified in two weeks and be hired for placements within various teams in the IT Division of the Bank.

Oman Arab Bank is proud to have achieved the highest Omanisation percentage within the banking sector, nearing 96 per cent. It also has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, the bank operates a nationwide network of 65 branches and representative offices and 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking, corporate banking and investment clients.

OAB Signs MoU with Majan University College for New Payment Gateway

Muscat, July 16, 2019: Oman Arab Bank (OAB) recently signed an MoU with Majan University College (MUC) for the implementation of an e-Payment Gateway System. The new gateway will facilitate the introduction of online payments via the college’s website and mobile app. It will also see the introduction of new payment kiosks at the college premises. In addition, the University College signed with OAB for an easy payment plan agreement which allows OAB credit card holders to avail a 0% interest installment plan for up to 12 months. This offer will be available for undergraduate students on specified days during the registration period every semester.

Both MoU’s were signed on Wednesday, July 10, 2019, at the OAB headquarters in Ghubra. Representing MUC at the event was Dr. Maha Kobeil, Dean of Majan University College, Rashid Amir Mohamed Al Musalhi, the Vice Chairman of the Board of Directors, and Amr Ebeid, the Financial Controller of Majan University College, while OAB was represented by Fahd Amjad, GM of the Retail Banking Group. Also in attendance were members of senior management and staff from the Bank and the College.

Commenting on the signing of the MoU, Fahd Amjad, said, “This partnership with Majan University College marks yet another milestone in the growth of our e-payment gateway business. The signing of this agreement is also in line with our objective of establishing synergies and partnerships that will advance the country’s shift towards a complete digital future – a key pillar of our operational strategy.”

The OAB e-payment gateway has been developed with the very latest technology and to the highest standards of security. This is to ensure its conformity with the demands of both local and global regulators and security control standards, including the Payment Card Industry Data Security Standard (PCI DSS). It has been designed to help streamline payments made to merchants, allowing them to benefit from reduced administrative costs and time to follow up and collect recurrent payments from customers.  This in turn guarantees a consistent cash flow.

“We are glad to have partnered with OAB for the implementation of their established e-payment gateway at our college. Their gateway has a proven track record of reliability and speed that, when coupled with the introduction of the new payment kiosks and the gateway’s direct integration into our website and mobile app, will provide added convenience for our customers. It will also ensure that the entire process is much faster and more cost efficient for us,” added Dr. Maha Kobeil.

“We are quickly establishing ourselves as a key player within the education sector with our e-payment gateway having already been implemented at Buraimi College and Sohar University. We have also signed an MoU for the implementation of our gateway at the Ministry of Education, which is expected to go live soon,” concluded Fahd Amjad.

Majan University College was established in 1995 as the first private sector college in Oman, and has continued to be at the forefront of higher education in the Sultanate ever since. In December 2017, MUC achieved full institutional accreditation from the Oman Academic Accreditation Authority (OAAA), maintaining its reputation as a trailblazer by being the first higher education institution in the country to do so. MUC is located on a single campus in Darsait which is home to a multi-cultural academic community with more than a hundred staff from various countries and a student population of over 3,500. MUC is an accredited college of the University of Bedfordshire, UK, and operates under the supervision of the Ministry of Higher Education, Oman.

Oman Arab Bank has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, the bank operates a nationwide network of 65 branches and representative offices with 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking, corporate banking and investment clients.

OAB Signs MoU with IDO Investments to Foster FinTech Growth and Promote Innovation

Muscat, July 14, 2019: Oman Arab Bank (OAB) has announced that it has recently signed a Memorandum of Understanding (MoU) with Innovation Development Oman Holding S.A.O.C. (IDO Investments), in order to identify and explore potential opportunities for FinTech innovations to be implemented in Oman. The new strategic partnership will also facilitate the development of an innovation eco-system for entrepreneurship in Oman.

The signing of the MoU took place at the OAB Headquarters on 10 July, 2019, with IDO Investments being represented by its Senior Investment Manager, Talal Hasan, and OAB being represented by Al Salt Al Kharusi, General Manager – Head of the Corporate and Institutional Banking Group and Leen Al Atassi, Head of Innovation. Also in attendance were several executives and members of senior management from both institutions.

Commenting on the signing of the MoU, Al Salt Al Kharusi said, “At OAB we are focused on driving innovation forward by collaborating with private and public sectors as well as leading international institutions to create value to our community, customers, employees and all our key stakeholders. To this end, IDO Investments will play a key role in connecting us with global FinTech communities that are looking to scale their solutions in Oman, and to extend their support to our ecosystem as we introduce our first-of-its-kind innovation lab in Oman.”

Under the MoU, OAB and IDO Investments will forge a key strategic partnership to facilitate the exchange of innovative technologies and solutions and give start-ups in Oman the perfect platform from which to launch and grow their business. OAB will also look to incubate some of these FinTech companies within its Innovation Lab once operational.

IDO Investments, together with any other established FinTech companies that it introduces to Oman, will also contribute to the local FinTech space by collaborating with and mentoring start-ups within the Lab. They will assist with workshops and programmes, sharing their expertise, knowledge and invaluable experience with these budding companies.

“Innovation is the key enabler of progress and we firmly believe that this alliance will further boost efforts to establish Oman as a leading FinTech hub in the region. We also aim to leverage our knowledge and networks to assist start-ups within OAB’s Innovation Lab, helping them achieve their goals and, together with OAB, create a borderless ecosystem for future technologies in the country,” said Talal Hasan.

“This partnership between IDO Investments and OAB marks a significant development for the financial industry in Oman. It stands as a testament to how strategic partnerships between government institutions and private sector companies can help promote innovative thinking and growth within the economy. The collaboration also underscores our continued commitment towards leveraging our innovation strategy to further the development of the financial services sector within the country,” Leen Al Atassi, Head of Innovation added.

Oman Arab Bank has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, the bank operates a nationwide network of 65 branches and representative offices and 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking, corporate banking and investment clients.

IDO Investments was established by the State General Reserve Fund, Oman Oil Company SAOC, The Research Council and Oman Telecommunications S.A.O.G. and is the Sultanate’s first strategic venture capital firm. They invest in established international and local companies which deliver disruptive and innovative products or solutions to address real-world challenges in Oman and beyond.

OAB Announces Career Opportunities for Talented Omani Graduates

Muscat, July 07, 2019: As part of its commitment to Omanisation and supporting the ambition of Omani youth, Oman Arab Bank (OAB) is launching one of the largest recruitment drives focused specifically on fresh IT graduates. OAB invites Omani students to apply for a number of roles available within various teams in the IT Division.

Interested candidates should apply via the OAB website before 14 July. Applicants must have graduated in 2018, or about to graduate in 2019, and must have no prior work experience.

The Human Resources Division in coordination with the IT team will set up an assessment centre in Muscat where applicants will have to go through a certain selection process. Applicants who are successful in this first stage will receive a personal invitation to attend a full day workshop with structured face-to-face interviews on 21 July, and should ensure they are available on this day, before applying. At the end of the workshop, attendees will receive a certificate of completion, irrespective of whether they are hired, and will be able to add a valuable experience to their CV.

Commenting on the recruitment drive, Adil Al Rahbi, Head of Human Resources at OAB said, “We have made a strong promise to our customers to provide excellent products and services and in order to keep that promise we must now grow as a team. Supporting Omani talent and career aspiration is part of the genetic makeup of OAB. As an employer we have always given Omanisation the utmost priority and continuously seek to fill our vacancies with Omani talent. Additionally, we want to create a culture at OAB where curiosity is rewarded and ambition is recognised.”

After a shortlisting process, applicants will be invited to attend a full day of workshops and face-to-face interviews in Muscat. The workshop will focus on a process called ‘Design Thinking’, which demonstrates the importance of the user experience when developing a service or product.

Al Rahbi added, “We are looking to hire a group of ambitious Omanis who are eager to make a positive contribution to OAB’s growth journey. By giving shortlisted applicants the opportunity to take part in a workshop we are providing a relevant and tangible experience, which they can leave with.”

Oman Arab Bank is proud to have achieved the highest Omanisation percentage within the banking sector, nearing 96 per cent. It also has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, the bank operates a nationwide network of 65 branches and representative offices and 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking, corporate banking and investment clients.

OAB Announces Career Opportunities for Talented Omani Graduates

Muscat, July 07, 2019: As part of its commitment to Omanisation and supporting the ambition of Omani youth, Oman Arab Bank (OAB) is launching one of the largest recruitment drives focused specifically on fresh IT graduates. OAB invites Omani students to apply for a number of roles available within various teams in the IT Division.

Interested candidates should apply via the OAB website before 14 July. Applicants must have graduated in 2018, or about to graduate in 2019, and must have no prior work experience.

The Human Resources Division in coordination with the IT team will set up an assessment centre in Muscat where applicants will have to go through a certain selection process. Applicants who are successful in this first stage will receive a personal invitation to attend a full day workshop with structured face-to-face interviews on 21 July, and should ensure they are available on this day, before applying. At the end of the workshop, attendees will receive a certificate of completion, irrespective of whether they are hired, and will be able to add a valuable experience to their CV.

Commenting on the recruitment drive, Adil Al Rahbi, Head of Human Resources at OAB said, “We have made a strong promise to our customers to provide excellent products and services and in order to keep that promise we must now grow as a team. Supporting Omani talent and career aspiration is part of the genetic makeup of OAB. As an employer we have always given Omanisation the utmost priority and continuously seek to fill our vacancies with Omani talent. Additionally, we want to create a culture at OAB where curiosity is rewarded and ambition is recognised.”

After a shortlisting process, applicants will be invited to attend a full day of workshops and face-to-face interviews in Muscat. The workshop will focus on a process called ‘Design Thinking’, which demonstrates the importance of the user experience when developing a service or product.

Al Rahbi added, “We are looking to hire a group of ambitious Omanis who are eager to make a positive contribution to OAB’s growth journey. By giving shortlisted applicants the opportunity to take part in a workshop we are providing a relevant and tangible experience, which they can leave with.”

Oman Arab Bank is proud to have achieved the highest Omanisation percentage within the banking sector, nearing 96 per cent. It also has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, the bank operates a nationwide network of 65 branches and representative offices and 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking, corporate banking and investment clients.

Fun for the Entire Family at OAB Hayakkum in Nizwa

Muscat, 27 June 2019: Oman Arab Bank (OAB) will be hosting an evening of fun and games for families in or near Nizwa, as it kicks off its roadshow on June 27 at the Nizwa Grand Mall. To be held over the course of four hours, from 5:00pm to 9:00pm, the event will include fun activities and games for both children and adults. OAB have also invited a number of artisans and SMEs from the region, who will be showcasing their products and services to visitors.

Commenting on the roadshow, Hilal Al Siyabi, the Head of Corporate Communication at OAB said, “As a service company, OAB want to show existing and new customers what we’re about. Informal gatherings such as these not only allow people to talk to us about any banking and finance related questions, it provides a meeting space for friends, families and entrepreneurs.

Hayyakum Nizwa is the first in a series of four gatherings where the Bank will be showcasing its range of products and services to attendees. – Sohar, Salalah and Sur, on July 25, August 1 and September 26 respectively. These included everything from the Bank’s Hasaad Savings Accounts, to biometric security and mobile banking.

The event falls on the eve of International SME day, celebrating small and medium enterprises, globally.  As an avid supporter of the Omani entrepreneurial spirit, OAB has invited a number of artisans and SMEs from the region to join them at the Mall as part of the roadshow.

“Oman has made a strong statement about economic diversification, and SMEs play a vital role in ensuring that as a nation, we succeed. OAB aims to offer them as much support as possible. By providing market space to SMEs who might not normally be able to, we are offering them an effective spring-board to create additional awareness for their businesses,” added Hilal Al Siyabi.

However, this event is first and foremost a family event. As such, the bank will also be hosting a number of fun activities for the entire family to enjoy, including face painting, henna, games and spot prizes.

“On behalf of OAB I invite everyone, young and old, to come and join our Hayyakum at Nizwa Grand Mall for an evening of fun and games. You might even learn a thing or two about banking, or make some new friends while you are there,” concluded Hilal Al Siyabi.

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 a complete range of financial products and services for personal banking, corporate and investment clients.