Lead (1) Graduation

OAB Hosts Graduation Ceremony for LEAD (1) Development Program

Muscat, January 17, 2018: Reinforcing its commitment to nurture and develop future leaders within the banking and finance sector, Oman Arab Bank (OAB) recently hosted a graduation ceremony for the members of its staff that successfully participated in and completed the first edition of its talent development program titled ‘Leadership Enhancement And Development’ (LEAD). As part of the ceremony, each of the 20 talented Omani staff members were presented with a certificate and a token of appreciation from the Bank. The graduation ceremony was held at Bait Al Zubair, under the auspices of H.E. Tahir bin Salim bin Abdullah Al Amri, the Executive President of the Central Bank of Oman. The event was attended by Khalid Al Zubair, Chairman of Ominvest (Oman International Development and Investment Company SAOG), and overseen by Amin Al Husseini, Chief Executive Officer of OAB.

Commenting on OAB’s LEAD program, Amin Al Husseini, Chief Executive Officer of OAB noted, “LEAD is a unique and specialised leadership training program that has been developed in line with the management’s strategy to ensure the continuous development of OAB talent. As such, the program begins each year with the identification process for high potentials (HiPos) in various departments and disciplines across the Bank; conducted by the Bank’s HR Division. These selections are not dependent on their grade or department; they are based purely on their qualifications, potential to grow and handle future key positions, together with the necessary attributes to progress to more senior levels. Following such a carefully moderated system helps us in building a pool of talented employees, while at the same time also contribute towards supporting and building up the Sultanate’s national workforce.”

The event commenced with a speech by Adil Al Rahbi, Head of the Human Resources Division, who said, “The six month program, which has been developed with guidance from the globally renowned leadership and management performance consultancy firm Inspirational Development Group (IDG), utilises best practices in order to empower participants with opportunity, managerial expertise, and high-level workplace solutions. LEAD (1) has been an incredible success for the Bank with each of its 20 candidates acing the course. In fact, a majority of them have already taken up positions of greater responsibility within the Bank.”

Shortly after Adil’s speech, a short video was played that provided the attendees with a quick insight into the LEAD program and the participants’ journey over the course of the year. This video was then followed by a speech by Gerry Woods, the Middle East Regional Director at Inspirational Development Group (IDG), the company who helped develop the program and conducted the training.

Commenting on the successful outcome of OAB’s LEAD programme, Gerry Woods noted, “It has been my privilege to work closely with the bank to deliver leadership excellence, and I commend the CEO Amin Husseini for his foresight in instigating such a challenging developmental programme. Leadership is a privilege, and I believe that if this philosophy is embraced, leaders at all levels can set the conditions for the success of their colleagues.”

“The LEAD journey begins by being able to manage oneself and the impact individual behaviours can have on others. This can be a real eye-opener for many people as behaviours and their effects are made explicit even for very experienced delegates; even after just the first module, we can see changes occurring.” Gerry Woods added.

Sara AlKalbani a LEAD (1) graduate, then addressed the audience saying, “This program has been an incredible learning experience for each one of us; having been taught a number of new skills that have already had a significant positive impact in our day-to-day jobs. On behalf of every candidate I would like to express my sincere gratitude to Members of the Board and the Executive Management at OAB for providing us with this valuable opportunity. It has benefitted each one of us greatly and will no doubt reflect positively in our performance going forward.”

Following the conclusion of the speeches, each of the graduates were handed a certificate and a token of appreciation from H.E. Tahir bin Salim bin Abdullah Al Amri for their successful completion of the course.

Congratulating each of the graduates, Amin Al Husseini said, “On behalf of board and executive management at OAB, I would like to congratulate each of our 20 graduates of LEAD (1). I hope their success in the LEAD course and subsequent promotions to positions of higher responsibility will inspire other staff within the Bank to work harder and put in extra effort for an opportunity to be selected in future LEAD programs.”

The graduation ceremony follows in the footsteps of the launch of the LEAD (2) program launched in November 2017. As with LEAD (1) the 20 new LEAD (2) candidates were also selected from across all employee rankings within the bank, pinpointing the Bank’s most talented staff members. Their acceptance into the leadership programme was preceded by a robust and constructive development centre. The participants have already commence on their first training modules, where they work side by side with some of the best motivational experts, specialised in leadership development. As the course progresses, each of the candidates will be equipped with enhanced leadership skills and behaviours that will ensure effective people development in the coming years. LEAD (2) also features an additional module on business innovation from Cass Business School and other activities related to team building in addition to group projects.

The ‘LEAD’ programme has been designed in cooperation with Inspirational Development Group (IDG), and is facilitated by a team from IDG, a globally renowned leadership and management performance consultancy. The company has channelled its long history of experience delivering high-quality and intensive work programs to some of the most prestigious organizations in the world. Closely affiliated with the Royal Military Academy Sandhurst, IDG has worked with some of the most important public and private sector companies in the region from its Middle East office based in Muscat. Former and current clients include the King Abdullah II Fund for Development in Jordan, Shell Petroleum in Qatar, and the Saudi Arabian General Investment Authority among others.

The LEAD graduation ceremony saw the attendance of Excellencies, members of the board and senior management of Oman Arab Bank, together with representatives from the banking sector in Oman and senior figures from the private sector.

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

Jamil GM Retail

OAB Appoints New Head of Retail Banking at Al Yusr

Muscat, January 14, 2017: Oman Arab Bank has announced the appointment of Jamil Abdul Qader Al Zadjali as the Head of the Retail Banking and Business Support of Al Yusr Islamic Banking Unit. As a result of this appointment, the entirety of the Retail Banking and Business Support of OAB’s Islamic Banking Window will be reporting to Jamil Al Zadjali to maximise the efficiency and profitability at the Bank.

Commenting on his appointment, Amin Al Husseini, Chief Executive Officer of OAB said, “We, at OAB, always prioritise our own staff for any available senior management positions. We are a strong believer in their skills and capabilities and aim to provide them with every opportunity to grow their careers and become business leaders. Jamil is one such person who has been a valued member of our staff for the past ten years. I am confident he will perform his duties in his new role to the same level of excellence that he has so far and raise the standards of the Retail Banking Division of our Islamic banking Window to new heights.”

Jamil Al Zadjali has over 24 years of banking experience in local and multinational banks; and has been working at Oman Arab Bank since 2007. His vast areas of expertise include Retail Banking, Business Development, Digital Banking, Project Management, Sales, PR, Marketing, Advertising, and Team Management. He is also a holder of an ACCA Diploma in Accounting from the Institute of Banking and Financial Studies.

Commenting on his appointment into the new role, Jamil said, “I’m extremely grateful to OAB for providing me with this opportunity and I am pleased to take up my new role as the head of Retail Banking and Business Support at Al Yusr. I look forward to replicating the success we have enjoyed with our retail banking products and services at OAB, whilst maintaining the highest standards of customer service, business excellence, and Shari’ah compliance that AL Yusr is known for.”

Al Yusr is the Islamic window of OAB. Established in 2013, the Islamic banking window provides services via seven branches; two in the Muscat Governorate (Athaiba and Wattaya), and others in Salalah, Nizwa, Falaj al-Qabail, Ibra and Al-Buraimi. Al Yusr customers also have access to 148 OAB ATM’s located across Oman. Al Yusr Islamic Banking provides its retail and corporate customers as well as investors’ a wide range of shari’ah compliant products and services.

OAB Town Hall Meeting

Oman Arab Bank Hosts Staff Town Hall Meeting

  • Reflects on achievements of 2017 and reveals strategic plan for 2018 to staff

Muscat, January 07, 2018: Oman Arab Bank (OAB), last weekend, hosted a special ‘Town Hall Meeting’ for its staff at the Shangri-La Barr Al Jissah Resort and Spa. The event, which was presided over by the CEO of the Bank, Amin Al Husseini, reflected on the many achievements of the Bank over the course of 2017 while also touching upon the Bank’s strategic plans for the year ahead.

Also in attendance at the event was Rashad Al Musafir, the DCEO of the Bank, together with other members of the executive management as well as staff from across the Bank’s branch network.

Commenting on the event, Amin said, “Each and every member of our staff is a very highly valued member of the OAB family. It is their collective hard work and effort that ensures our success year after year. As such we feel it is of vital importance that the operations of the Bank remain transparent with each and every one of them and that they are made aware of the progress within the bank as well as our future plans.”

The event, which began at 8:00am on Saturday, January 06, included a number of talks and presentations from the heads of various departments within the Bank; each showcasing their respective department’s achievements over the past 12 months and their plans for 2018.

Commenting on the Bank’s achievements in 2017, Rashad said, “We made significant progress on all fronts last year; with particular attention given to our digital banking platforms. In fact, last year saw the launch of our all new ground-breaking digital banking platform alongside our all-new mobile banking app. We also made significant upgrades to our internal systems, automating and streamlining a majority of them. Furthermore, as part of our ongoing branch transformation strategy, we relocated, transformed, and launched six new branches across the country, two of which were state-of-the-art flagship branches.”

“As a result we are entering 2018 with a very strong footing; with the aim of taking our ongoing transformation strategy to the next level. This year we will put even greater emphasis on our digital banking platforms, streamlining and revamping existing systems, whilst at the same time continuing in our quest towards introducing new never before seen systems. We will also step up our branch transformation efforts with the aim of converting eight branches in the months ahead. As a whole I am confident we will end 2018 on an even higher note than we did this year,” added Rashad.

The event also included talks by the CEO and DCEO, together with an interactive session with the CEO where the staff were presented with an opportunity to ask the CEO any queries they might have regarding the Bank as a whole. In addition, OAB had also setup five interactive stations for staff to use on location, each focused on five different aspects of OAB’s internal and external operations – Digital Banking, Hassad Savings Scheme, Quality Assurance, Code of Conduct, and E-Learning. Additionally, the Bank also held a special commemorative prize draw for its staff that attended the event.

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

OAB MCC Branch

OAB Launches Transformed Branch in Muscat City Centre

Muscat, December 27, 2017: Oman Arab Bank (OAB) guarantees to provide only the best in financial solutions and customer experience and has launched a refurbished branch in Muscat City Centre. The new customer-focused branch is located within the mall to facilitate better accessibility for the Bank’s customers alongside delivering enhanced banking services over extended banking hours.

The official ceremony took place on December 27, and the branch was inaugurated by Amin Al Husseini, CEO of Oman Arab Bank. Also in attendance were executive members of the Bank and staff from the branch.

Commenting on the launch of the new branch, Fahd Amjad, General Manager of Retail Banking Group at Oman Arab Bank stated, “The opening of the renovated branch in Muscat City Centre highlights our fifth launch for the year. Like the other branches, it also features only the best in technology and products, together with personalised levels of service. With this newly transformed branch, which was carried out as part of our ongoing nationwide transformation strategy, we seek to further improve the banking experience for our customers in and around the Wilayat of Seeb.”

As with the recently opened flagship branches in Qurum and Barka, the new Seeb branch also features an enhanced brand identity with a refreshed look and feel. The sleek, modern, and streamlined look is augmented by a number of features and systems introduced as part of the new transformed branches. This also includes the meet and greet facility, similar to the ones introduced with the flagship branches, which include a streamlined queuing system, private advisory spaces with moving monitor screens for a more personal interaction, digital signature pads, and ID card readers within the advisory station design.

Aesthetically, as with the other ‘new-look’ branches, the Muscat City Centre branch takes its design inspiration from the ‘Omani Skyline’, wherein the white symbolises Omani architecture, browns denote the sand deserts, grey referencing the mountains, and the blue glass overhangs representing the sky.

The new branch also provides ‘Elite’ services to grant premium customers with an elegant and private experience that remains memorable. The branch transformation combines elements of design, form, and function and aims to elevate the customer experience as a whole resulting in better service.

“We believe our branches must reflect the commitment we have to providing the absolute best in customer experience for our customers. The opening of this new branch will help us meet and exceed the expectations and banking needs of our customers, both retail and corporate, in the area and take us one more step closer to our strategic goal of being the bank of choice for customers across the country. Furthermore, this branch is designed to be a full service branch that operates from 9 A.M to 4 P.M, Sunday through Thursday,” Fahd added.

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

Deputy_CEO

Oman Arab Bank Board of Directors approves the recommendation of the CEO Amin Al Husseini to appoint his Deputy Rashad Al Musafir as Acting CEO

  • Amin Al Husseini will  oversee the transition  during  2018
  • New appointment effective 1st February 2018

Muscat, December 27, 2017 | The Board of Directors of Oman Arab Bank (OAB) has announced  its endorsement of the CEO Amin Al Huesseini’s recommendation to appoint his Deputy Rashad Al Musafir as  acting CEO effective  1st of February 2018. The appointment is aligned with the Bank’s strategic transformation that started four years ago under the leadership of its CEO, Amin Al Husseini. The Board of Directors has also announced that Amin Al Husseini will be managing the executive transition and succession during 2018.

Commenting on the appointment, Rashad bin Mohammad Al Zubair, Chairman of the Board of Directors of Oman Arab Bank said, “We are fully confident in the experience and competence of Rashad Al Musafir and we wish him every success in his new role. The board also extends their thanks and appreciation to Amin Al Husseini for leading the bank’s transformation journey during these last four years. The decision reflects our goal to enable the next generation of Omani executives to assume leadership positions in the management of the Bank. OAB’s programme to elevate Omani talent has accelerated in recent years thanks to targeted efforts to prepare distinguished individuals to assume leadership responsibilities in the years to come.”

The leadership succession comes as Oman Arab Bank celebrates 33 years of banking excellence in the Omani market, and marks four years since the launch of the bank’s transformational strategy, which was closely overseen by Amin Al Husseini after he was appointed to the role of CEO in February 2014. During his tenure, Amin Al Husseini implemented significant operational and experiential changes across the OAB network, at the branch level and within the Bank’s head office. Today, Oman Arab Bank is a leading financial institution in the Sultanate in terms of enhanced customer experience and smart banking services, evidenced by   the recent launch of  an integrated digital banking platform across all touch points.

Highlighting OAB’s success in achieving the goals of the transformation strategy, Amin Al Husseini noted, “The Bank has achieved good financial results over the past four years, and has successfully implemented the digital transformation strategy. The Bank has also done well to achieve our human capital development goals with the implementation of a comprehensive in-house development programme in line with the Bank’s strategic Omanizationa plan. This has been made possible by investing in professional development for talented Omanies across the board to prepare them for senior management positions.  The Bank has also been able to enhance the governance culture by establishing robust internal controls to manage risks, in line with Central Bank regulations.

Commenting on the new appointment Amin Al Hussaini added “I’m very confident of my colleague Rashad Al Musafir to achieve the long term goals set by the Board of Directors, and I will continue supporting him to ensure smooth and seamless transition.”

Noting the rapid transformation of the Bank in recent years, Rashad Al Musafir, commented, “The Oman Arab Bank of today continues on an impressive trajectory, both in terms of operational efficiency, and professional excellence. I’m confident that the leadership team at OAB are amongst the best within the banking sector, and their contributions will be invaluable in achieving the Bank’s objectives in the coming years.”

“I would like to extend my sincere thanks and appreciation to Amin Al Husseini for his outstanding leadership. Over these past four years, he has led the Bank diligently towards its transformational goals, all the time keeping pace with the best practices in the industry. His efforts to establish an Omani leadership team within the Bank are commendable and we are all committed to following the path of continuous improvement and transformation in the years ahead.” Rashad Al Musafir concluded.

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

Fahd Bin Amjad, General Manager Retail Banking 2

OAB Launches New E-Payment Gateway Service ‘OAB iPAY’

Muscat, December 25, 2017: Oman Arab Bank (OAB), in order to further improve its corporate and institutional customers’ overall banking experience, has announced the launch of a new E-Payment Gateway facility. The new service is part of the Bank’s innovation roadmap to contribute in the digital economy by improving the electronic payment ecosystem. The Bank’s public and private sector corporate clients will be able to receive payments online through website and mobile applications for products offered and services rendered. OAB is a pioneer of electronic payments in Oman and with this financial service, will now strengthen its range of merchant payment acceptance solutions.

Commenting on the latest development, Fahd Bin Amjad, General Manager Retail Banking at OAB said, “In line with the vision of the Sultanate’s vision, the financial services industry is innovating rapidly to move towards a cashless society. This will bring transparency and convenience for all customers at large. At OAB, we believe that simplifying and digitizing payments is a cornerstone for economic development. OAB iPAY is a highly secure and intelligent online payment acceptance solution that will help our corporate customers expand their businesses in the digital world. ”

In order to subscribe to the service, corporate customers will require a simple Application Programming Interface (API) based integration with OAB iPAY. The bank will assist and supervise the process, which can be completed in as little as 2 weeks. All transactions processed through the customer website or mobile application receive an instant response of approval or decline. The approved transactions are credited real time into the corporate customer’s account, which is a feature unique to only OAB iPAY in Oman. There is also a team dedicated to providing support to the customers as well as a 24/7 fraud monitoring system.

“We seek to provide our customers a swift and reliable service, one that is fully compliant with CBO regulations. Customer experience is at the heart of our strategy. With this solution, we are bringing together the latest in technology and the best in customer relationship management.” Fahd Amjad added.

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

OAB Robotics

OAB Launches Robotic Process Automation System the First of its Kind in Oman

  • The new system performs daily banking transactions with high efficiency, accuracy and speed
  • OAB employees now have more time to devise solutions that are more in line with customer expectations

Muscat, December 18, 2017: In line with its strategy to transform itself into a pioneer in digital banking in Oman, Oman Arab Bank today launched the new Robotic Process Automation System; a first of its kind system in the Sultanate. This advanced system will perform most daily banking transactions, instead of them being manually done by employees, with the same efficiency and high accuracy and speed. This in turn will allow more time for the employees to devise solutions and services that meet customers’ needs.

Commenting on this new strategic approach by the bank, Amin Al Husseini, Chief Executive Officer of OAB said, “Oman Arab Bank has a clear vision for the future, focusing largely on digital platform in line with the rapid technological advancements required for the continued development of market leading banking products and processes. With this system, a majority of these products and processes are being automated, allowing time for our employees to work on innovating and developing products that better meet the expectations of customers, if not exceed them. They can also now divert greater attention towards improving the level of service provided to our customers.”

“This vision was initiated last year as part of a clear strategy to shift from traditional services towards more Internet-based banking services and products, smartphone applications, and social media channels. This also includes the redesigning of the bank’s branches in line with this vision. Today, we are taking a new step in this process through launching an all-new electronic system, the first of its kind in Oman. It performs daily transactions with high efficiency, accuracy and speed without changing the general framework of the existing system. This will no doubt reflect positively on our customers’ overall satisfaction, which is a key priority for Oman Arab Bank,” he added.

Rashad Al Musafir, Deputy Chief Executive Officer also said, “The banking industry in general is currently undergoing a fundamental transition phase that may considerably change the nature and mechanisms with which they operate. We at OAB, in line with our vision to strengthen our position in leading the Omani banking sector and relying on our local experience of more than three decades, look forward to a future where we are the first choice for individuals, companies, and investors alike. It is for this purpose we continue to invest in providing a comprehensive and integrated banking experience that meets their every expectation.”

The Robotic Process Automation System is one of the latest banking systems to be used in several countries around the world. It allows for the transferring of a majority of the Bank’s day-to-day operations and processes to be carried out automatically without human intervention. In doing so, it helps increase productivity and reduces the possibilities of errors; whilst at the same time enhancing efficiency and speed thanks to a certified performance evaluation system. The automation this system provides extends to processes related to account management, approval of loans, and cards’ operations, in addition to issues related to compliance and financial risks management, cyber risks, procurement and supply, finance, accounting, and other daily processes of banks.

In comparison with traditional automation, the robotic process automation system is characterised by its ability to adapt and develop itself through learning and artificial intelligence. This feature makes it capable of resolving repeated issues that previously needed a direct decision from an officer. Therefore, OAB employees will now have more time to develop work and communicate with customers, to better understand their needs and address them in best possible manner.

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

Lead 2 Module

OAB Conducts First Module of ‘LEAD 2’ Development Programme

Muscat, November 28, 2017: Following the recent launch of the second edition of the ‘Leadership Enhancement And Development’ (LEAD) talent programme, Oman Arab Bank (OAB) has announced that 20 qualified LEAD candidates have now completed the first module of the leadership development initiative.

Commenting on the completion of the first module Adil Al Rahbi, Head of the Human Resources Division said, “Prior to being selected, all LEAD candidates were required to complete an online 360 degree evaluation and the 20 that were shortlisted were then also required to complete the online Strength Deployment Inventory (SDI) survey. Our first module of LEAD ‘2’ has focused on studying the individual results of these assessments in the context of self-awareness.”

The first LEAD module has been conducted over the course of two days from November 20 to 21 and examined the personal reports generated by the 360 degree and SDI survey which was then presented to each of the 20 delegates as important components in self-awareness and managing themselves as leaders. Additionally, Module 1 of this six-month multi-modular leadership development initiative also focused on several other key topics namely Personal Brand, Self-Discipline, Leadership Styles, Balancing Leadership Roles, Practical Coaching, and Presentation Skills.

“As with LEAD ‘1’, the entire programme will be delivered in 4 x 2-day and 1 x 3-day modules spread across six months between November 2017 and May 2018. Each module will involve experiential learning as its principle methodology. There will also be two Socialisation Workshops; the first of which will be conducted before Module 1, while the second will take place after Module 2. In between modules 3 and 4, the delegates will be split into four groups of five delegates each and will be challenged with business project topics of keen interest to OAB,” added Adil. “As the programme progresses, each of the delegates will get the opportunity to work side by side with some of the best motivational experts specialised in leadership development. Furthermore, they will be equipped with enhanced leadership skills and behaviours that will ensure effective career development for years to come.”

LEAD is a unique and specialised leadership development program that aims to cultivate the talents of high potential Omanis with guidance from internationally renowned experts. The six-month programme has been designed to utilise best practices in order to empower participants with opportunity, managerial expertise, and high-level workplace solutions.

The ‘LEAD’ programme has been designed in cooperation with Inspirational Development Group (IDG) and is facilitated by a team from IDG, a globally renowned leadership and management performance consultancy. The company has channelled its long history of experience delivering high-quality and intensive work programmes to some of the most prestigious organisations in the world. Closely affiliated with the Royal Military Academy Sandhurst, IDG has worked with some of the most important public and private sector companies in the region from its Middle East office based in Muscat.

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

OAB Staff Celebrate National Day (3)

OAB Staff Celebrate National Day

Muscat, November 19, 2017: Oman Arab Bank, on the occasion of the Sultanate’s 47th National Day, organised a special staff gathering at its Head Office in Ghubra. The event was held for staff to join in the nation’s celebrations and to honour and thank His Majesty Sultan Qaboos bin Said for his wisdom and leadership in the development and prosperity of the Sultanate over the course of these past 47 years.

The celebration was held on November 19, and was presided over by Amin Al Husseini, the Chief Executive Officer, and Rashad Al Musafir, the Deputy Chief Executive Officer. The event was also attended by members of the senior management and staff from branches across the capital.

Commenting on the event, Amin Al Husseini said, “Over these past 47 years, Oman has proven itself to be a beacon of peace and prosperity in the region; transforming into the progressive nation we live in today. All this has been made possible thanks to the visionary outlook and wise guidance of His Majesty the Sultan. As a local Bank we are glad to gather together with our staff as one family to pay tribute to His Majesty for his wise and benevolent leadership.”

The celebration opened with the National Anthem and a welcome speech by Amin Al Husseini. Shortly thereafter, the staff were treated to a poetry recitation by Aya bint Murad Al Balushi. The event also saw a special raffle draw conducted specifically for the event followed by a cake cutting ceremony by the executive members of the Bank to mark this joyous occasion. The event concluded with some refreshments and traditional music played by a live band.

“On Behalf of everyone here at OAB I would like to express my warmest congratulations to His Majesty the Sultan and wish him the best of health on this joyous occasion. I would also like to congratulate the people and residents of the Sultanate, whose collective contributions have played an integral part in the progress and transformation of the nation over these past four decades. We as a Bank are truly privileged to be a part of the Country’s success story concluded Mr. Rashad Al Musafir.

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

OAB Lead 2

OAB Launches ‘LEAD 2’ Development Program

Muscat, November 12, 2017: Highlighting its commitment to nurture and develop future leaders within the banking and finance sector, Oman Arab Bank (OAB) has announced the launch of the second edition of its talent development program entitled ‘Leadership Enhancement And Development’ (LEAD). As part of the announcement, the Bank also mentioned that 20 talented Omani staff members will undertake the intensive six-month training program, preparing them for future leadership positions within Oman Arab Bank.

Commenting on OAB’s LEAD program, Amin Al Husseini, Chief Executive Officer of OAB said, “LEAD is a unique and specialised leadership training program that aims to cultivate the talents of high potential Omanis with guidance from internationally renowned experts. The six month program has been designed to utilise best practices in order to empower participants with opportunity, managerial expertise, and high-level workplace solutions. The program has been divided into four, two-day modules with participants undergoing extensive leadership training to hone their expertise and develop the know-how required to spearhead their growth.”

Adil Al Rahbi, Head of the Human Resources Division added, “LEAD (1) was an incredible success for the Bank with every candidate completing the course with flying colours, and I expect the same with our 20 new candidates. One of the unique factors underpinning the success of the program is the fact that the selection process is carried out regardless of employee grade. The only requirement is for them to show true potential as leaders within their departments and to demonstrate a willingness to contribute beyond their normal role.”

The 20 new ‘LEAD’ candidates have been selected from  across all employee rankings within the bank, and pinpointing our most talented staff members. Their acceptance into the leadership programme is preceded by a robust and constructive development centre.  Participants will commence on their first training modules, where they will work side by side with some of the best motivational experts who are specialised in leadership development. As the course progresses, each of the candidates will be equipped with enhanced leadership skills and behaviours that will ensure effective people development in the coming years. LEAD (2) features an additional module on business innovation from Cass Business School and other activities related to team building in addition to group projects.

LEAD has been developed in line with the management’s strategy to ensure continuous development of OAB talent. Earlier this year, the HR Division kicked-off high-potential identification process which aims to identify the high potentials (HiPos) in various departments and disciplines across the Bank. These selections are made based on their qualifications, potential to grow and handle future key positions, and have the attributes required for progression to more senior levels. At the end of this process, various development options are considered for those spotted as high potentials; LEAD was the program that was at the top of the list.

“The program falls in line with our objective of building a pool of talented employees, and in turn preparing and supporting the Sultanate’s national workforce,” concluded Adil.

The ‘LEAD’ programme has been designed in cooperation with Inspirational Development Group (IDG), and is facilitated by a team from IDG, a globally renowned leadership and management performance consultancy. The company has channelled its long history of experience delivering high-quality and intensive work programs to some of the most prestigious organizations in the world. Closely affiliated with the Royal Military Academy Sandhurst, IDG has worked with some of the most important public and private sector companies in the region from its Middle East office based in Muscat. Former and current clients include the King Abdullah II Fund for Development in Jordan, Shell Petroleum in Qatar, and the Saudi Arabian General Investment Authority among others.

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