OAB Conducts Third Module of ‘LEAD 2’ Development Programme

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Muscat, May 13, 2017: Following the launch of the second edition of the ‘Leadership Enhancement And Development’ (LEAD) talent programme last year, Oman Arab Bank (OAB) has announced that 20 qualified LEAD candidates have now completed the third module, titled ‘Performance Management’, of the leadership development initiative. The LEAD Candidates also completed the ‘CASS’ module, a four-part specialised programme focused on innovation and entrepreneurship, as part of the third module.

Commenting on the completion of the third module Adil Al Rahbi, Head of the Human Resources Division said, “The LEAD ‘2’ programme has been progressing well with every candidate performing well above our expectations. As with the previous LEAD candidates, each of them have already proven that they have the mental fortitude and positive attitude to pass each module with flying colours; ensuring effective career development for years to come.”

Module 3 of the program was focused on providing feedback on the Socialisation Workshop 2 that was conducted just a few weeks prior to the module. Key aspects of performance management were also examined as part of the module with topics including Coaching and Motivating, Conflict and Difficult Conversations, Managing Poor Performance, Managing for Results, Recognising Stress, Collaboration, Assertiveness and Change Management.

“This is a third of four modules that will be conducted over the course of the six-month training period; which also includes two socialisation workshops, both of which have already been conducted.” added Adil. “These socialisation workshops offer the high-potential LEAD delegates an opportunity to gain invaluable career insights from members of the bank’s LEAD Mentoring Group (LMG), that comprise of several members of the Bank’s Executive management.”

The CASS module, which was conducted as an extension of Module 3, consisted of four separate programme items; all of which were covered over the course of two days. The first day saw two of the programmes being conducted; with the first focused on challenges banks face globally and how they are being tackled, while the second focused on corporate entrepreneurship. The second day saw the team experience and business simulation, which gave all delegates an opportunity to collaborate in building a fictional business. The final programme was focused on acquiring other businesses.

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 Mobile Banking App Named ‘Most Innovative App’ at the Oman Banking & Finance Awards

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Muscat, May 09, 2018: Oman Arab Bank (OAB), at the recently conducted Oman Banking & Finance Awards, was announced as the winner of the ‘Most Innovative App’ for its ground-breaking mobile banking app ‘OAB Online’ launched last year. The awards were conducted as part of the 5th edition of the New Age Banking Summit and was attended by business leaders from the Banking and financial sector. Representing OAB at the event was Rashad Al Musafir, the Acting CEO, who also participated as a panelist.

Commenting on receiving the award Rashad Al Musafir said, “We developed our Mobile app, alongside our Omni-channel Banking Platform which also encompasses our Internet Banking and ATM services. The platform itself was developed in such a way as to ensure the customer experience delivered is best-in-class; incorporating the very latest digital developments, while maintaining a firm focus on usability and an easy-to-use cross-platform interface. Receiving such a prestigious award is a clear indication that our efforts have been successful. That being set, we have no intention of resting on our laurels and will continue to update and evolve the platform to ensure it retains its position as a market-leading platform for the foreseeable future.”

OAB Mobile Phone Application ‘OAB Online’, which available for iOS and Android, was launched last year as part of the Bank’s unified digital banking platform. The platform presents customers with the same simple icon-based interface regardless of which platform they use, be it an ATM, internet banking, or the new App. Furthermore the bank aimed at providing similar functionality across all three wherever possible. As a result, the bank’s app feels immediately intuitive and simple to use for those already familiar with OAB’s ATMs or their Internet Banking service.

“Over the past year the platform, including the app, has been extremely well received by our existing and new customers alike; with a respectable number of the latter even indicating the ease of use of the platform as a significant contributing factor in their decision to open an account with us,” added Al Musafir.

The New Age Banking Summit, now in its fifth edition, aims at exploring new technologies and methodologies that can further accelerate the banking sector to new heights, with interactive panel discussions, focused sessions by industry experts sharing their insights and experience, and networking sessions with banking professionals. The Summit unravels how disruptive technologies and current trends in the banking sector are reshaping the banking sector of the Sultanate.

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 Enters Into Exclusive Partnership with Emirates

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Muscat, May 07, 2018: Oman Arab Bank (OAB), in its constant endeavour to offer its customers the best possible banking experience with great value added benefits, has now entered into an exclusive partnership with the Emirates Airline. The partnership means that OAB Credit and Debit Card customers will now enjoy exclusive discount offerings on online ticket purchases and Emirates Holidays packages.

Commenting on the new offer, Rashad Al Shaikh, DGM – Retail Banking said, “OAB has always been committed towards developing first class products that provide its clients with great benefits. We are delighted to enter into a collaboration with Emirates; especially one such as this, which perfectly complements the prominent market standing of both organisations. With this endeavour, we foresee a long term strategic relationship with Emirates Airline to fulfil a shared ambition of providing our customers with a premium range of products and services.”

On the occasion of signing ceremony, Saeed bin Hafez, Emirates Country Manager Oman said, “Emirates 25 year journey in Oman has been defined by progressive growth and today’s partnership with Oman Arab Bank will go a long way by adding value and providing superior travel experiences for OAB’s customers through Emirates Holidays packages as well as special fares . We are confident that our partnership with OAB will grow from strength to strength in Oman and we look forward to inspiring OAB card members to explore the world with Emirates.”

As part of the offer, OAB will be conducting weekly draws exclusively for customers who apply for a new OAB Credit Card between May 01 and July 31, 2018, where the winner will receive a free round trip flight to London on Emirates. Furthermore, all existing OAB customers using their OAB cards to purchase Emirates tickets online at emirates.com/om/oab, between May 01 and July 31, 2018, for travel before November 31, 2018, will receive a 10% and 7% discount on annual and promotional fares. Similarly, OAB customers can also avail of a 10% discount on Emirates Holidays packages purchased and used between May 01 and December 31, 2018. As with the tickets, in order to avail the discounts, customers are required to use their OAB cards to purchase the packages online at www.emiratesholidays.com/om_en/pages/oab.

“In addition to these offers, customers utilising their OAB Credit Cards to make the purchase can also convert their Emirates website transactions into a 0% mark-up Easy Payment Plan for three months. All they will be required to do is simply call the OAB call centre once the transaction has been completed and request to convert it,” added Rashad.

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

Emirates operates four 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.

Oman Arab Bank Co-sponsors 2nd Edition of Entrepreneurs Exhibition

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Muscat, 25 April 2018: Oman Arab Bank (OAB) has announced its sponsorship of the Omani Entrepreneurs’ Charity Exhibition, organised by the Association for the Welfare of the Handicapped Children, in the Kempinski Hotel at Al Mouj, Muscat. This, the second edition of the event, taking place from April 26 to 28  will host entrepreneurs from across the Sultanate and the GCC. All proceeds from the exhibition will go towards the rehabilitation and training programs for children with disabilities.

The opening ceremony will be held on Thursday, headed by Her Highness Sayyida Hajija Bint Jafer Al Said, Chairman of the Association. The exhibition provides an opportunity for entrepreneurs to showcase their products and services.

Commenting on the importance of participating in and sponsoring such events, Dalal Al Rahma, Head of Internal and External Communications at OAB, said, “At OAB, we recognise that part of our role as a leading banking institution operating in the Sultanate, we must continue to strive towards achieving our corporate social responsibility obligations. Our sponsorship of this event, is in line with the vision of the Bank and is aimed at contributing towards the success of the event. We aim to support activities organised by community institutions such as Association for the Welfare of the Handicapped Children to enhance their financial revenues; in turn ensuring their sustainability and providing them with better opportunities to develop the services they provide to children in need.”

“The exhibition is also an opportunity for entrepreneurs and small business owners to introduce their products directly to consumers; which is another area of the community in which we are focused on and aim to play an active role in serving. We are delighted to participate as a sponsor of this exhibition and we hope to participate in other events organized by the Association for the Welfare of the Handicapped Children, as well as those organized by other charitable organisations,” she added.

The Association for the Welfare of the Handicapped Children was founded in 1991 and is headquartered in Al-Azaiba, Muscat. The association aims to coordinate efforts and create capacities for the development of special and advanced services, activities, and events for handicapped children in order to provide them with a better life and enable them to adapt and integrate socially, psychologically, and culturally into society. It also aims to encourage research and special studies that concern the disabled, especially children.

Oman Arab Bank is one of the first banks to start operations in Oman and has a long history of achievements. Today, the bank operates a wide network of 65 branches and representative offices, as well as a wide network of ATMs with 148 units across the Sultanate. Oman Arab Bank also offers a wide range of banking products and services to its customers, individuals, companies and investors alike.

Oman Arab Bank Hosts IIF CRO Forum

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Muscat, April 24, 2018: Oman Arab Bank (OAB), one of the country’s leading financial institutions, recently hosted the IIF Middle East and Africa Chief Risk Officer Forum. The forum brought together risk officers from IIF member financial institutions across the Middle East and Africa region to exchange ideas and valuable insights on key current topics in risk and their implications for the region.

The closed-door event was hosted by OAB in partnership with the Institute of International Finance (IIF) at Grand Hyatt Muscat on April 23. AlSalt Al Kharusi, Head of Corporate and Institutional Banking of OAB, and Martin Boer, Director of Regulatory Affairs at IIF oversaw the event. Also in attendance was Lamees Al Baharna, Chief Risk Officer of OAB, together with other CROs from other leading banks in the region.

AlSalt Al Kharusi opened the meeting with a welcome speech, in which he touched upon OAB’s rapid growth in recent years and the reason for hosting the event. AlSalt said, “As technology advances so has the risk landscape. As a result, building a solid risk management framework has been a core focus of our ongoing bank transformation strategy over the past four years. Events such as these help facilitate the sharing of knowledge while also providing an avenue through which we could explore common issues and challenges faced, as well as discuss effective solutions; thereby contributing to the development of the sector as a whole.”

Commenting on the meeting, Lamees Al Baharna said, “The meeting focused primarily on current issues affecting the region, such as the benefits and risks associated with machine learning, the challenges involved in establishing a robust framework for IFRS 9, and the impact of digitisation on current risk management procedures. The event also allowed us facilitate the sharing of ideas and best practices, whilst also enhancing the cooperation between various IIF members in the region.”

In addition, the event, which saw the participation of CROs from Banks and financial institutions from the MENA region, included several detailed panel discussions, an overview of global regulatory reforms from IIF, and more.

“Events such as these vital to the overall development of the financial sector in the region and we are honoured to be partnered with IIF in the hosting one of such significance,” added AlSalt.

The Institute of International Finance is the global association of the financial industry, with close to 450 members from 70 countries. Its mission is to support the financial industry in the prudent management of risks; to develop sound industry practices; and to advocate for regulatory, financial and economic policies that are in the broad interests of its members and foster global financial stability and sustainable economic growth. IIF members include commercial and investment banks, asset managers, insurance companies, sovereign wealth funds, hedge funds, central banks and development banks.

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 Organises Health Day and Staff Blood Donation Drive

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Muscat, April 18, 2018: As part of its commitment to community, Oman Arab Bank (OAB) recently organised an internal Health Day and Staff Blood Donation Drive, titled ‘Save a life, give blood’, at its head office in Ghubra. The event, which was held on April 16, was organised by the Social Committee of OAB in collaboration with the Ministry of Health. The drive was a grand success with a large number of OAB employees volunteering to donate blood.

Commenting on the Blood Donation Drive, Hilal O. Al Siyabi, Head of CSR at OAB said, “At OAB we believe that we have a responsibility towards the local community. Donating blood is amongst the simplest form of Corporate Social Responsibility, yet is amongst the most valuable ways of contributing to our community. This is primarily because of the ever-growing demand for all blood types and constantly need for stocks to be replenished. As a result, every little bit helps save lives. Through events like this we aim to raise awareness on this cause whilst also helping promote a healthy lifestyle amongst our staff.”

In addition to the Blood Donation Drive, the event was also intended to promote a healthy lifestyle. In order to do so, the Bank also partnered with a number of private clinics who participated in the vent to showcase their various offers and facilities. Healthy snacks and drinks were also served to all visiting staff at the event.

“Even today, despite drastic advances in medical sciences, blood cannot properly be artificially created. That’s why blood donations are amongst the most precious thing in the world. In fact donated blood saves millions of lives every year,” added Hilal. “As such, on behalf of OAB, I would like to thank each and every employee who donated blood on the day as well as the staff at the Ministry of Health and members of our Social Committee who helped in hosting such a successful event.”

OAB is engaged in various initiatives, such as this Blood donation drive, throughout the year; each of which is intended to enhance the social wellbeing of the community in which it operates. In line with its CSR objectives, a significant number of these initiatives and projects involve the direct support and participation of its employees, through invaluable work done by the Social Committee at OAB.

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 57 branches and 8 representative offices across and over 150 ATMs spread across the Sultanate. OAB provides the complete range of financial products and services for personal banking, corporate and investment clients.

OAB Conducts Hasaad Savings Scheme March Draw in Nizwa

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Muscat, April 16, 2018: Oman Arab Bank (OAB) recently conducted its first quarter Hasaad draw event, for the month of March, at its Nizwa branch. The draw saw 83 winners from across the Bank’s branch network receive OMR 1,000 each, together with one winner of OMR 50,000 as part of the Monthly Elite Draw.

The event was attended by members of staff and management from the Nizwa branch and the Bank’s VIP customers from the region.

Commenting on the draw for March, Rashad Al Sheikh, Deputy General Manager of Retail Banking at OAB said, “This month’s draw marks the first of our quarterly elite grand draws where we raise the prize values of our elite draw to OMR 50,000. Our monthly draws, together with our elite draws, will ensure we have a minimum of 84 winners every month as part of our Hasaad Savings Scheme throughout the year.”

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 84 winners of the March Hasaad Savings Scheme draw, and especially for the winner of our first Quarterly Elite Grand Prize Draw. I would also like to encourage all our customers to continue savings to maximise their chances of winning in the next month’s draw,” 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 148 ATMs spread across the Sultanate. OAB provides the complete range of financial products and services for personal banking, corporate and investment clients.

OAB Featured as Case Study in Singapore Branch Transformation Conference

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Muscat, April 11, 2018: Oman Arab Bank (OAB), one of the leading Banks in the country, has participated in the Branch Transformation Conference that took place recently in Singapore. The conference was focused on the ‘human-centred design and digital technologies for future branches’ and presented OAB’s ongoing bank transformation efforts as a case study. OAB was also the only bank from the Sultanate to attend the conference.

Commenting on their participation in the conference, Fahd Amjad, the GM of the Retail Banking Group at OAB said, “For any bank, its branches are its core channel of interaction with its customers. As a result it is usually the first point of contact between a prospective customer and a bank. It is therefore, of vital importance that anyone who walks through the doors of our branches is treated to the best possible banking experience in the country. In fact, our vision for this transformation strategy was to be the leading retail bank in Oman in terms of customer experience.”

The conference was held over the course of three days at the Fullerton Hotel in Singapore and saw the attendance of over 150 of business leaders and directors of key divisions within various banks, insurance companies, credit unions, and telecommunication companies from across the Asia-Pacific Region. Attending the event on behalf of OAB and participating as one of 14 speakers at the conference was Ibrahim Gailani, Head of Branch Transformation at OAB.

The event was primarily focused on four key topics – ‘increasing customer footprint through a human-centred design’, ‘transforming the traditional branch to serve complex financial needs and provide a personalised experience’, ‘automating branch processes through self-service and smart ATMs’, and ‘developing digital capabilities for a seamless omni-channel experience’. The conference also included two in-depth workshops, six interactive roundtable discussions, and ten case studies; of which OAB was one.

“It was an honour for us to be treated as a case study as such a prestigious conference. It provided an opportunity for us to share our experience and success story with business leaders from across the region. In fact, the success of our strategy coupled with the positive feedback we have consistently received from customers, has gotten us selected by several international conference bodies to be showcased as a “example of excellence” at expos across Europe and Asia throughout 2018,” added Fahd Amjad.

Over the course of the past three years OAB has been going through a dramatic transformative journey, shifting its focus from more traditional corporate business towards a truly modern retail-oriented bank; one that utilises an advanced digital banking platform to compete at the highest level and become a leading bank in the sector.

The journey has so far been a tremendous success for the Bank thanks in large part to the ongoing branch transformations that see its existing branches being updated to feature an enhanced brand identity with a refreshed look and feel. This sleek, modern, and streamlined look is augmented by a number of advanced features and systems. These include a new digital meet and greet facility with a streamlined queuing system, private advisory spaces with moving monitors for more personal interaction, together with digital signature pads and ID card readers within the advisory station design. All flagship branches also feature a separate ‘Elite’ reception, lounge, and offices, in order to provide 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. Last year alone we managed to complete six branch transformations and we have eight more planned for this year; one of which has already been launched.

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 CONCLUDES LEAD SOCALISATION WORKSHOP FOR HIGH-POTENTIAL STAFF

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Muscat, April 10, 2018 – Oman Arab Bank (OAB) recently held the Socialisation Workshop as part of its ongoing Leadership Enhancement and Development (LEAD) program for its ‘high potential staff’. Organised at the specially designed Training Centre at the Bank’s headquarters in Al Ghubra, the workshop offered LEAD delegates with the opportunity to gain invaluable career insights from members of the Bank’s LEAD Mentoring Group (LMG).

Commenting on the workshop, Adil Al Rahbi, Head of the Human Resources Division said, “The aim of our LEAD program is to provide staff who have showcased great potential with an effective avenue for further professional growth within the Bank. We achieve this by providing them with the necessary tools to strengthen their skillsets through specially designed training programmes. This workshop was one of many designed to spearhead the advancement of this team; with the socialisation workshop in particular enabling them to learn directly from members of the LMG.”

The Lead Mentoring Group (LMG) represents 15 of the Bank’s senior management team and various heads of groups, divisions, and departments. Formed to provide maximum support and guidance, the group also identifies potential talents in the various banking and finance fields and mentors them to reach their true potential in the industry.

 

The socialisation workshop was aimed at providing feedback to each of the 20 LEAD candidates with feedback on their progress through LEAD 2 so far, while also touching upon key elements for the upcoming modules ‘3’ and ‘4’, including alternate project titles.

 

“Right from our inception, we have worked towards enriching the learning experience of our employees by constantly developing their proficiency and key skills within the industry, as well as providing them with the necessary training to grow within the bank and take on positions of greater responsibility. The LEAD program was one such initiative aimed at developing the future leaders of the Bank,” added Adil.

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.

OMAN ARAB BANK ANNOUNCES 2015 FINANCIAL RESULTS

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Muscat, March 9th 2016 – Oman Arab Bank (OAB) announced its audited financial results for the year ended 31st December 2015. The Bank posted a net profit of RO 29.01 million for the year 2015 compared to RO 28.40 million reported in 2014. The Bank registered strong income and balance sheet growth in 2015 while strategic investments were made to upgrade the Bank’s infrastructure and build sustainable business momentum.

Net interest income rose by 12% for the year ended 2015 to reach RO 49.13 million while non-interest income stood at RO 30.62 million, a 9% rise compared to the previous year. The increase in top line income was largely due to a robust growth in balance sheet during the year. OAB’s net loans and advances increased by 21% to reach RO 1.52 Billion while customer deposits also rose by 9 % to reach RO 1.60 Billion as of 31st December 2015. Operating expenses for the year ended 31st December 2015 were higher at RO 43.523 million compared to RO 37.416 million for the same period in 2014. The capital adequacy ratio of the Bank is 14.28% as at 31st December 2015, which is well above the regulatory requirement of 12.625%.

The Bank’s Shari’a compliant window, Al Yusr, also showed positive growth with the Bank’s Islamic financing receivables more than doubling to RO 49.9 million as of 31st December 2015 compared to RO 20.83 million as of 31st December 2014. Customer deposits in the Islamic Banking segment also increased significantly to RO 49.39 million as of 31st December 2015 compared to RO 12.49 million in the same period of the previous year. Al Yusr has expanded to a nationwide footprint of seven branches located at Muscat, Al Buraimi, Sohar, Ibra, Nizwa and Salalah.

“Our 2015 financial performance demonstrates Oman Arab Bank’s underlying ability to continue growth while managing risks in challenging conditions within the region,” said Amin Al Husseini, Chief Executive Officer, Oman Arab Bank. “In 2015, we have commenced a transformational journey to enhance customer experience through our delivery channels including brick and mortar branches. We are investing in our franchise, to build on our already strong heritage of trust”.

He added, “Oman Arab Bank has consistently delivered business growth over three decades which has advanced us into a reliable, trusted and accomplished institution that adds value to customers, employees, shareholders and the wider community.”

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 in-depth 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.

Currently, the Bank operates more than 65 branches and offices, and more than 123 Automatic Teller Machines and Cash Deposit Machines in high footfall locations across the Sultanate that are supported by Arab Bank’s 600 branches spanning five continents. The Bank’s principal shareholders are Oman International Development and Investment Company SAOG (51%) and Arab Bank PLC (49%).

Amin_Al_Husseini_-_OAB_CEO