OMAN ARAB BANK CONCLUDES SERIES OF STRATEGIC INTEGRATED TRAINING WORKSHOPS

Muscat, May 2016 – Aiming to equip its employees with the tools and skillsets for success, Oman Arab Bank (OAB) recently delivered a series of Leadership, Sales and Customers Service workshops to more than 90 of its staff members. Starting in February and administered in partnership with leading international human resources consultancy Phi Management Group, four tailored workshops were conducted for the Loan officers and Customer Service staff, while Branch Managers from various divisions participated in two exclusive sessions designed specifically for people in leadership roles.

“Oman Arab Bank is committed to providing innovative products and solutions that enrich its customers’ banking experience across all customer’s touch points,” said, Fahd Amjad, General Manager Retail Banking at Oman Arab Bank. “We believe that this can only be achieved through constantly enhancing our employees’ capabilities and skills and this is exactly what our integrated training approach endeavors to accomplish.”

Ali Moosa Abdul Redha, Head of Human Resources at Oman Arab Bank, added, “From the onset, Oman Arab Bank has had the training and development of Omani talent at the forefront of its priorities. We strongly believe in the positive effect these creatively conceptualized workshops have, not only on our staff, their performance and career progression, but also on the Sultanate’s prosperity and economic growth.”

The recently held workshops were conducted as part of Oman Arab Bank’s human resource development plan, launched last year under the theme ‘Effective Leadership in Banking’ and tailored to the Retail Banking department. The Bank plans on organizing various training programs in the near future to further enhance the capabilities of its management and leadership teams.

OMAN ARAB BANK SHOWCASES PROMISING OPPORTUNITIES TO LOCAL TALENT DURING SQU CAREER FAIR 2016

Muscat, March 2016 – As part of its strategy to support the government’s Omanisation efforts, Oman Arab Bank (OAB) participated in the recently organized Sultan Qaboos University (SQU) Career & Training Opportunities Fair 2016, held under the auspices of His Excellency Dr. Abdullah bin Nasser Al Harrasi, Chairman of the Public Authority for Radio and Television. OAB’s participation, represented by its Human Resources Division, emphasizes the Bank’s dedication to systematically recruit, develop and nurture Omani talent across all functions, departments and branches. The Bank’s Omanization strategy is not about employment only, but also includes various training and development programs that aim to equip recruits with the tools and skillsets for success to take up future leadership roles within the Bank. Oman Arab Bank currently boasts a 94% Omanization rate.

This year, OAB’s participation was marked by allocating a special corner of the pavilion for receiving applications of specific jobs in addition to distributing flyers that outline the Bank’s recruitment and training policies as well as guidelines to apply for available openings. The pavilion also included a visual presentation showcasing OAB’s many achievements since inception.

Commenting on this participation, Adil bin Ali Al Rahbi, [Head of Employee & Organizational Development/], said, “”OAB’s annual participation in this event reflects the Bank’s commitment to recruiting, developing and retaining Omani talent from various disciplines. It also presents a great opportunity for students and graduates to discover the various training and development programs available for different specialties.”

Al Rahbi added, “We are committed towards a strategic Omanization by attracting Omanis and honing their capabilities through specialized scholarship opportunities, digital and on-the-job training courses, professional certification programs as well as leadership training for future senior roles at OAB.”.

Every year, the Bank welcomes a number of students and graduates to the OAB Family from across the Sultanate’s colleges and universities. The Bank also offers its existing employees training and development in addition to scholarships with the College of Banking and Financial Studies to learn about the industry’s latest trends and ensure their full capability to deliver a second to none banking experience. As part of its internal initiatives, the Bank also recently launched “Mukafaati”, an incentive program that revolves around rewarding staff for their achievements and aims to create a positive working environment and promote teamwork and constructive communication between management and the employee.

OMAN ARAB BANK ANNOUNCES LUCKY HASSAD SAVINGS SCHEME WINNERS

uscat, March 15th 2016: Oman Arab Bank (OAB) announced the Hassad Savings Scheme winners for the month of February. Initiated by the Bank to inspire a culture of saving in the Sultanate, the 2016 Hassad scheme rewarded 11 lucky account holders with more than OMR 50,000 in cash prizes with one regional winner, Mohammed Al Balushi, walking away with 40,000 OMR. Held at the Bank’s Head Office, the monthly draw awarded five customers in the child account category with OMR 1,000 each and five in the female only category with OMR 1,500 each.

Fahd Amjad, General Manager Retail Banking at Oman Arab Bank said, “I would like to congratulate February 2016 lucky customers for winning lucrative cash prizes by saving for their future. We have worked tirelessly to enhance the banking experience and add value to the lives of the OAB family and Hassad Savings Scheme is part and parcel of those efforts. Our loyal customers from all ages and from across the country can now save more with this exciting product and stand a chance to win big.”

Unveiled in January to encourage personal savings, the revamped Hassad Savings Scheme offers customers from every segment a once-in-a-lifetime opportunity to win. As part of the draw, one regional, five female, and five children are chosen randomly every month to receive prizes ranging from OMR 1,000 to 40,000. The savings scheme will end the year with a mega draw of OMR 50,000 for two winners. Elite Priority Banking customers have not been forgotten and are eligible to win cash prizes valued at OMR 100,000 in June and December. Additionally, the draw will also reward customers on special occasions such as Eid Al Fitr, Oman Women’s Day, and National Day with a total of OMR 58,000 up for grabs.

OAB has consistently expanded its reach as well as its products and services offering to provide customers in the country with a comprehensive suite of innovative solutions in Retail banking, Corporate and Project Finance, Investment banking, Trade Finance and most recently, Islamic Banking. Today, the Bank operates more than 65 branches and more than 123 ATMS and CDMs in high footfall locations across the Sultanate.

OMAN ARAB BANK JOINS THE WORLD FOR EARTH HOUR

Muscat, March 23rd 2016 – As part of its steadfast commitment to protecting the environment, Oman Arab Bank (OAB) recently turned off all non-essential lighting at its Head Office in Ghubra to mark Earth Hour 2016. In addition, the Bank also encouraged all its employees across its nation-wide footprint to do their part and help save the environment for the Hour.

OAB’s Head Office is essentially an environmentally friendly building. It is fully equipped with auto sensors throughout all offices and corridors, which means that lights are only used when necessary and a considerable amount of power is saved on a regular basis.

Mutassim bin Hamoud Al Zadjali, Head of Corporate Communications at Oman Arab Bank,  commented, “We believe that safeguarding our eco-system and limited natural resources is the responsibility of each and every single person living on this planet. Oman Arab Bank has been observing Earth Hour for many years now and has successfully and proudly adopted a wealth of measures that aim to enhance energy efficiency, minimize waste, and of course, protect our precious planet.”

OAB has always encouraged its staff to conserve when possible and strongly advocates a paperless working environment. The Bank has also introduced a number of technology driven initiatives that aim to protect the environment while interacting with its customers including e-statements and SMS notifications among others.

OMAN ARAB BANK JOINS HANDS WITH BARR AL JISSAH TO PROVIDE HOMEOWNERS WITH EXCLUSIVE ‘ELITE’ BANKING SERVICES

Muscat, 27th March 2016 – Oman Arab Bank (OAB) signed a partnership agreement with Barr Al Jissah, one of Oman’s leading Integrated Tourism Complexes, to provide homeowners with the Bank’s Elite Priority Banking products and services. Under the agreement, property holders at Barr Al Jissah will have access to a host of specialized solutions tailored to meet their needs including unlimited complimentary lounge access to over 500 international airports, preferential service in all branches, access to the recently inaugurated Elite Centre and 24 hour call centre support.

Launched in December, OAB’s Elite Priority Banking Service was established to provide high net worth individuals with a new world of premium banking. Centred on three pillars, Elite Services, Elite Benefits and Elite Wealth Management, the premium offering delivers unique advantages to customers including dedicated relationship managers, financial planning and investment services as well as personal concierge facilities among others. Elite customers also stand a chance to win lucrative cash prizes as part of the Bank’s Hassad Savings Scheme, which includes a whopping OMR 100,000 prize in both June and December earmarked exclusively for Elite customers.

Fahd Amjad, GM Retail Banking at Oman Arab Bank, said, “Our agreement with Barr Al Jissah underlines our strong commitment to provide Oman’s thriving real estate investors sector with best-in-class banking services and solutions. OAB’s Elite Priority Banking proposition is perfectly suited to the needs of our new partner, matching Barr Al Jissah’s luxury homes with a second to none premium banking proposition. Homeowners will now have the right tools to maximize their investments, insights from our experts, and a personalized relationship with OAB that will redefine customer experience.”

Since its inception, OAB has consistently expanded its reach to meet customers’ various requirements in the best way possible. Today, the Bank has a comprehensive online footprint that is supported by over 65 strategically located branches and 23 ATMs and CDMs.

OMAN ARAB BANK GETS SOCIAL

Muscat, 30th March 2016 – Oman Arab Bank (OAB) recently brought its official social media channels online to ensure customers and members of the public can stay connected to the Bank at all times at their own convenience. Within the first month since launch, OAB attracted over 5,000 followers on Facebook and over 500 on Instagram.

OAB can now be reached directly through popular social media platforms like Facebook, Twitter, Instagram, LinkedIn and YouTube. Customers can benefit from the Bank’s enhanced presence, engage through many digital channels and learn about its latest developments on the go including new products and services as well as network updates.

“I am confident that our recently introduced social media channels will prove invaluable to customers as they can now reach out to us in real-time wherever they may be at a click of a button,” said Amin Al Husseini, Oman Arab Bank’s Chief Executive Officer. “We are also finalizing the Bank’s new corporate website which we plan on launching very soon to enrich the OAB digital experience further.”

Since its inception, OAB has consistently expanded its reach to meet customers’ various requirements in the best way possible. Today, the Bank has a comprehensive online footprint that is supported by over 65 strategically located branches and 123 ATMs and CDMs.

OMAN ARAB BANK EMPLOYEE ACHIEVES FIRST PLACE IN CBFS CERTIFIED BRANCH MANAGER PROGRAM

Muscat, April 3rd 2016 – Oman Arab Bank (OAB) recently honored Mariam bint Said Al Rujaibi, a Regional Management and Branch Support Department staff for obtaining first place in the College of Banking and Financial Studies (CBFS) Certified Branch Manager Program. Al Rujaibi was amongst a batch of 25 participants from various banks operating in the Sultanate that took part in the six month training course. In recognition of this achievement, Mariam has been rewarded with an ‘Unparalleled Certificate’ and 3165 points from OAB’s Mukafaati Incentive Program.

The Certified Branch Manager Program included ten modules ranging from leadership skills, sales and marketing, emotional intelligence to risk management, financial analysis, customer and sales team relationship management, self-management, and decision-making among others.

“We are extremely proud of Mariam and congratulate her on this exceptional accomplishment,” said Wael Jibril, Head of Training Department at Oman Arab Bank. Mr. Jibril added that “Oman Arab Bank is committed to developing and nurturing its employees to become the banking sector’s future leaders through implementing various internal and external training and development programs.”

Enrolling members of the OAB family in the CBFS program is part of the Bank’s strategic efforts to equip its employees with the tools and skillsets for success. Such initiatives ensure that the Bank’s employees can effectively and masterfully lead and manage its nation-wide branch network and adopt industry best practices and trends while enhancing their practical and theoretical capacities.

OAB is also dedicated to recognizing and rewarding its high potential employees as it endeavors to be the best bank to work for in the Sultanate. In this context, OAB introduced the Mukafaati Program, a first of its kind in the region’s banking sector. Offering a variety of non-cash rewards in the form of redeemable points, Mukafaati is an incentive program that revolves around rewarding staff for their achievements and aims to create a positive working environment and promote teamwork and constructive communication between management and employee. All OAB staff who completed the CBFS Certified Branch Manager program have also been rewarded with Mukafaati points in recognition of their efforts.

OMAN ARAB BANK INTRODUCES PAPERLESS LOAN APPLICATIONS TO ENHANCE CUSTOMER EXPERIENCE

Muscat, April 5th 2016 – Oman Arab Bank (OAB) has announced the launch of Electronic Loans (E-Loans) application system as part of its efforts to significantly reduce personal loan processing time. E-Loans is a service that allows the Bank to replace paper loan applications with electronic ones.

The digital applications are collected in the Bank branch, and receive timely approvals from relevant departments within OAB in a quick and efficient manner. The hassle-free and eco-friendly service reduces the amount of paperwork used by both customers and employees of the Bank, boosting environmental sustainability in the process. The application process begins with the customer ID information automatically captured by a reader and ends with a digital signature on a pad. The customer remains up to date with SMS texts for each step of the decision including at the time of final loan disbursement. The new system has been developed in-house and is on offer to customers across all OAB branches.

Fahd Amjad, General Manager Retail banking at Oman Arab Bank, said, “With E-loans, our aim is to first and foremost provide customers with a time efficient seamless experience at our branches. Thanks to this new service, branch employees can simply complete the application on our servers digitally, slashing processing time, increasing customer convenience and saving paper along the way.”

Since opening its doors over three decades ago, the Bank has developed an array of electronic banking solutions aimed at extending the digital lifestyle of its customers into banking. Today, the Bank stands at the forefront of e-banking in the Sultanate, harnessing the power of innovation to meet the evolving needs of its customers.

OMAN ARAB BANK CUSTOMERS WIN BIG WITH HASSAD

Muscat, 12th April 2016 – Inspiring a culture of saving in the Sultanate, Oman Arab Bank (OAB) recently announced the March winners of its monthly Hassad Savings Scheme draw. Mohammad Al Amri from Al Dakhiliyah Governorate picked up the Regional Prize of OMR 40,000 while five customers in the female category each won OMR 1,500 and five child account holders received OMR 1,000 each.

“We designed the Hassad Savings Scheme not only to reward our customers but also to motivate them to save for their futures,” commented Hana Al Hinai, Assistant General Manager, Head of Wealth Management, Bancassurance and Liabilities. Oman Arab Bank. “Hassad is one of the Bank’s flagship products and has proved to be a favourite amongst people of all ages thanks to its all-inclusive prize distribution structure. Customers across all governorates and across all walks of life stand a chance a win lucrative cash prizes by saving for tomorrow.”

Under the 2016 scheme announced in January, Hassad winners include one regional, five female, and five children account holders every month receiving prizes ranging from OMR 1,000 to OMR 40,000. The savings scheme is scheduled to draw to a close with a mega draw of OMR 50,000 for two lucky winners at the end of this year.

OAB Elite Priority Banking customers have also been given a separate category with a cash prize valued at OMR 100,000 set to be distributed in June and December 2016. Additionally, customers can expect even bigger rewards on several special occasions such as Eid Al Fitr, Oman Women’s Day, and National Day with over OMR 58,000 allocated for Hassad winners.

IN COMMEMORATION OF EARTH DAY 2016 OMAN ARAB BANK BOOSTS ENVIRONMENTAL STEWARDSHIP WITH ELECTRONIC STATEMENTS

Muscat, 25th April 2016 – Demonstrating its steadfast commitment to protecting the environment, Oman Arab Bank (OAB) commemorated Earth Day 2016 with the launch of Electronic Statements (E-Statements), enabling customers to receive their monthly accounts and credit card statements online via email. Seamless and hassle-free, the eco-friendly service is part and parcel of the Bank’s efforts to utilize technology to best serve its constantly growing customer base and enhance its business proposition.

E-Statements promise to deliver greater levels of convenience to OAB’s customers as they no longer have to wait to obtain their respective printed banking statements through traditional postal facilities. Instead, customers will receive their E-Statements as soon as they are issued and view them at their own leisure on any internet enabled device wherever they may be and at any time. E-Statements will also reduce the amount of paper being used, contributing positively to the environment, a cause held dearly by OAB.

Over the years, the Bank has worked diligently to launch various on line and offline banking solutions to meet its customers’ evolving needs. Today, OAB operates over 65 strategically situated branches in high footfall locations and provides customers in Oman with a wealth of innovative products and services in Retail banking, Corporate and Project Finance, Investment Banking, Trade Finance and most recently, Islamic Banking.