OAB to Launch Host of Innovative Digital Solutions Today

Muscat, January 06, 2018: Oman Arab Bank (OAB) will kick off 2019 with the launch of a host of new customer centric innovations as part of its ongoing digital transformation journey. It will do so at a press conference, which will be held later today, where it will also showcase its Next Gen ATMs and series of innovative digital solutions.

The press launch was presided over by the Bank’s CEO, Rashad Al Musafir, and accompanied by a number of executive members of the Bank’s Management and will include a live demonstration of the capabilities of the Next Gen ATMs.

OAB launched its transformation strategy a few years back with the ultimate aim of becoming the Bank of choice for customers in Oman. It has since continued to stay at the forefront of the Banking sector paving the way for the future with the launch of several new innovative digital banking solutions.

OAB Sponsors Fans’ Trip to Support Oman’s National Football Team in AFC Asian Cup

Muscat, January 10, 2019: Oman Arab Bank (OAB), in line with its objective to support the community and national sports initiatives and teams, has arranged for three buses to take over 150 fans to support the Omani National Team in the upcoming group stage matches in the UAE as part of the AFC Asian Cup. This initiative was launched in collaboration with the Oman Football Associations (OFA), through whom fans were required to book their spaces.

Commenting on the sponsorship, Hilal Al Siyabi, the Head of Corporate Communication at OAB said, “Football is a sport that is very near and dear to the hearts of the people of Oman. As a prominent bank in the country, we are honoured to be in a position to sponsor the transportation to take fans to support the National Football Team in their upcoming matches. Furthermore, doing so not only helps further promote the sport but also helps us engage with fans and the community on a more personal level.”

As part of its sponsorship, OAB has made arrangements for three buses to take over 150 fans for each of the three upcoming group stage matches that the National Team will be participating in as part of the AFC Asian Cup. All bookings were taken on a first come, first served basis through OFA. The first of three matches took place yesterday against Uzbekistan in the Al-Sharjah Stadium. The next trip will be In support of the National Team’s match against Japan on January 13 in the Zayed Sports City Stadium, Abu Dhabi. The last of the three group stage matches will be against Turkmenistan on January 17, taking place at the Mohammed bin Zayed Stadium, Abu Dhabi.

“Each of these teams is extremely talented but I am confident the Oman National Team has what it takes to come out on top. On behalf of OAB, I would like to wish each of the players the very best of luck in their upcoming matches,” added Hilal Al Siyabi.

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

OAB Participates in MSME Forum

Muscat, 10 February 2019: In recognition of the importance of SMEs to the growth of the economy, Jamal Al-Wahaibi, the Head of the SME Department at Oman Arab Bank, recently participated in a panel at an MSME forum titled ‘Governance for Sustainable Growth: Enhancing MSME Outcomes’.  The event was organised by The Pearl Initiative and Zubair SEC on Wednesday, 06 February 2019 at the Zafran Cafe, Bait al Zubair Museum.

The event, which was attended by over 100 budding entrepreneurs and aspiring business owners from across the country, was focused on finding out why corporate governance matters to small businesses seeking funding, and what MSMEs can do to incorporate best practices in corporate governance for sustainable growth.

Commenting on his participation in the event, Jamal Al-Wahaibi said, “The key to achieving efficient economic diversification in any economy is to grow and develop the Small and Medium Enterprise landscape. They play a vital role in private sector development, breeding healthy competition within the local market while also providing vital employment opportunities and encouraging self-employment. This is why OAB places great importance in offering them as much support as possible; be it by offering them innovative tailor-made financial products tailored specifically for their businesses or by offering them consultancy and guidance either in person or by participating in events such as these.”

The event included a comprehensive introduction to Corporate Governance and a panel discussion with the participation of Jamal Al-Wahaibi representing OAB as a speaker. The panel was focused on how corporate governance capabilities will benefit the MSME community, and what steps MSMEs can take to incorporate tailored governance structures to ensure their business potential and longevity is achieved. It covered three primary topics – How to raise funding successfully, How to manage time and effort to be efficient, nimble, and innovative, and How to attract and retain talent.

“In addition to helping us offer them advice and assistance, forums such as these offer the perfect opportunity to interact in person with budding entrepreneurs and get a better understanding of the products and services they are looking for. This in turn helps us tailor our products to better cater to their financial needs,” concluded Jamal.

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

OAB Supports Omanisation – Hosts Job Interviews in Association with Ministry of Manpower Hires several nationals to fill vacancies in Sharqiya Branches

Muscat, February 11, 2019: As part of its efforts to enable young Omanis to start their careers in the banking sector, Oman Arab Bank (OAB), in collaboration with the Ministry of Manpower, organised a series of job interviews for citizens at the OAB Head Office. The shortlisted interviewees will soon be joining the Bank’s team to fill vacancies within its branches in the Sharqiya Governorate.

Commenting on this, Adil Al Rahbi, Head of Human Resources Division at OAB said, “We organised these interviews in line with our commitment to provide young Omanis with local job opportunities, especially for those looking for such opportunities in Sharqiya. This in turn, also provides them with an invaluable opportunity to kick start their careers in the Banking sector in one of the finest financial institutions in the Sultanate.”

It is worth noting that several job interviews were conducted by members from the Human Resources and Retail Banking Divisions. Shortly thereafter a number of candidates were shortlisted to fill retail banking vacancies within the Bank’s branches in the Sharqiya Governorate. The new joiners are expected to begin working in the new positions with the next couple of days.

Al Rahbi added, “We were impressed with the level of skill, knowledge, and capabilities showcased by each of the candidates who applied for the positions. We are confident that those selected will be a quality addition to the OAB team in Sharqiya. We are honoured to welcome them into the OAB family. We would like also to extend our gratitude and appreciation to the employees in the Ministry of Manpower, who provided our team with support in the communication process as well as in scheduling interviews with the candidates. Their assistance has been invaluable in facilitating our mission and achieving the Bank’s objectives.”

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

OAB Staff Begin Journey towards Leadership with ‘LEAD 3’ Development Programme

Muscat, February 27, 2019: Following the successful conclusion of the second edition of the ‘Leadership Enhancement And Development’ (LEAD) programme, Oman Arab Bank (OAB) has announced the names of the 20 Omani staff who will make the third cohort of this future LEAD 3 programme.

As part of the assessment centre process, all LEAD candidates were required to complete an online 360 degree evaluation and the shortlisted candidates were then invited to attend an internal interview. The interview was attended by several members of the senior management team and selected LEAD graduates. The 20 that were shortlisted were then also required to complete the online Strength Deployment Inventory (SDI) survey. The first module of LEAD 3, which was conducted over the course of two days, from February 12 – 13, focused on studying the individual results of these assessments in the context of self-awareness.

Commenting on the completion of the selection process, Adil Al Rahbi, Head of the Human Resources Division said, “Right from the beginning, we have realised the importance of building a pool of high potentials with well-structured career development plans and LEAD is the centre of our human capital development strategy. LEAD is more than just a modular or curricular programme. It is a personalised training intervention designed to address the mind-sets of the new generation, where more experimental and real-life learning situations are structured throughout the LEAD journey. LEAD is a programme that focuses on key elements, namely developing interpersonal skills, as well as developing the candidates’ ability to co-ordinate, motivate and shape a team. This in turn involves taking already talented individuals and moulding them into future leaders of the sector.”

LEAD 3 highlights the importance of Artificial Intelligence (AI) and how it is applied in the banking sector. Apart from the scheduled modular sessions, LEAD delegates will be exposed to practical trainings as part of post LEAD activities, including managing projects of their choice.

“We believe that having a skilled, talented, and motivated workforce is the key to success in such a competitive market. And it is just as important to have a team of highly qualified leaders to guide them. This is why we developed and introduced our LEAD programme. Over the course of the next six months, each of the delegates will see their leadership skills and behaviours enhanced to an entirely new level. They will also have the opportunity to learn from some of the best experts in leadership development, ensuring career development and growth for years to come,” Adil added.

As with the previous LEAD programmes, LEAD 3 will be delivered in 4 x 2-day and 1 x 3-day modules spread across five months between February 2019 and June 2019. 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 20 delegates will be split into four groups of five each and will be challenged with business project topics of keen interest to OAB.

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

OAB Participates in SQU Career Fair 2019

Oman Arab Bank excites SQU students about a potential career in banking by offering guidance, advice and a variety of internship and graduate trainee opportunities

Muscat, March 6, 2019: Oman Arab Bank (OAB) recently participated in the Career and Training Opportunities Fair at Sultan Qaboos University (SQU) this week. The fair opened under the auspices of Sayyid Saud bin Hilal al Busaidi, Minister of State and Governor of Muscat, at the SQU cultural centre. Hosted by the Centre for Career Guidance at SQU, 55 institutions took part in this year’s fair.

In an effort to nurture Omani talent with workplace skills and experience before they graduate, OAB set up a booth at the fair, which was held from March 4 to 6. Human Resources representatives from OAB shared insight on career development opportunities and training programmes at OAB that are aimed at students.

Adil Al Rahbi, Head of the Human Resources Division at OAB, remarked, “Developing young Omanis – the future leaders of tomorrow – is one of the core mandates at OAB. Our participation at SQU Career Fair 2019 aims to showcase the variety of career paths available to the youth, as well as our commitment to shaping the careers of our potential employees from their very first interaction with OAB. Our intention is to enable students to garner enough practical skills before they graduate, and to assist in their transition into employment, while appealing to their  curiosity and desire to be active members of the workforce.”

“Our booth at the careers fair was aimed at encouraging students to ask questions and learn about the banking sector and the stepping stones required to develop their careers beyond job applications. OAB has developed a number of key initiatives catered towards enhancing practical skills and talent development, such as The Innovation Hub by OAB, Leadership Enhancement and Development Programme (LEAD), and the graduate training programme,” Al Rahbi said.

OAB recently held the first edition of the Innovation Hub, which saw a team of students create a prototype showcasing an innovative banking solution within 24-hours. This year’s Innovation Hub included more than 150 students taking part in the Students Challenge, where prototypes were developed under the themes of ‘banking for millennials’, ‘superior customer experience’, ‘digital economy and payments’, as well as an additional open category.

OAB continues to host several other training initiatives to assist students preparing for numerous career trajectories in banking; such as the graduate training programme at the OAB training centre every year.

Oman Arab Bank is one of the first banks to be established in Oman, with a rich and proud history. Today, the bank operates a nationwide network of 65 branches and representative offices and 150 ATMs spread across the Sultanate. OAB provides the complete range of financial products and services for personal banking, corporate and investment clients.

OAB Announced January Winners of Hasaad Savings Scheme 2019

Muscat, February 19, 2019: Following the launch of its new savings scheme last month, Oman Arab Bank (OAB), has announced now announced the names of the first 119 Hasaad winners for the year 2019. These include 87 winners of the monthly branch draws of OMR 500 each, ten winners from the Bank’s Children’s account and 20 from the Bank’s Youth Holders of OMR 100 each, and two winners of the monthly Elite Draw of OMR 10,000 each.

Commenting on the new program and the children and youth-focused draws, Fahd Amjad, the General Manager of Retail Banking at OAB said, “This year marks the largest number of winners ever for our Hasaad Savings Scheme, totalling over 1,431 winners before the Scheme comes to an end with the December draw. This draw is our first of the year with 119 lucky winners. We will carry this momentum throughout the year with well over 100 winners every month, easily making this one of the most memorable years for our Hasaad customers.”

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 which will see 87 lucky winners, a minimum of one winner in each branch, of OMR 500 monthly and OMR 1,000 each every quarter; ten winners of OMR 100 each for Children’s account holders aged 18 and below; 20 winners of OMR 100 each for Youth account holders aged between 18 and 25; and two winners of OMR 10,000 each as part of the monthly Elite Draw. The latter Elite draw, however, will see its monthly draw replaced by a Grand Prize draw of OMR 100,000 for one lucky Elite customer in December. In addition to these monthly draws, the Bank will also be conducting a special ‘Big Prize’ draw of OMR 25,000 for one winner across its branch network at the end of every quarter.

Fahd Amjad added, “On behalf of the management, I would like to congratulate the first 119 winners of the year. I would also like to encourage all our customers who didn’t win this month to continue saving to maximise their chances of winning in the upcoming draws.”

OAB customers can easily open a ‘Hasaad’ account with a minimum balance of OMR 100, in order to be eligible for most of the prize draws.

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

OAB Supports Omanisation – Hosts Job Interviews in Association with Ministry of Manpower

Hires several nationals to fill vacancies in Sharqiya Branches

Muscat, February 11, 2019: As part of its efforts to enable young Omanis to start their careers in the banking sector, Oman Arab Bank (OAB), in collaboration with the Ministry of Manpower, organised a series of job interviews for citizens at the OAB Head Office. The shortlisted interviewees will soon be joining the Bank’s team to fill vacancies within its branches in the Sharqiya Governorate.

Commenting on this, Adil Al Rahbi, Head of Human Resources Division at OAB said, “We organised these interviews in line with our commitment to provide young Omanis with local job opportunities, especially for those looking for such opportunities in Sharqiya. This in turn, also provides them with an invaluable opportunity to kick start their careers in the Banking sector in one of the finest financial institutions in the Sultanate.”

It is worth noting that several job interviews were conducted by members from the Human Resources and Retail Banking Divisions. Shortly thereafter a number of candidates were shortlisted to fill retail banking vacancies within the Bank’s branches in the Sharqiya Governorate. The new joiners are expected to begin working in the new positions with the next couple of days.

Al Rahbi added, “We were impressed with the level of skill, knowledge, and capabilities showcased by each of the candidates who applied for the positions. We are confident that those selected will be a quality addition to the OAB team in Sharqiya. We are honoured to welcome them into the OAB family. We would like also to extend our gratitude and appreciation to the employees in the Ministry of Manpower, who provided our team with support in the communication process as well as in scheduling interviews with the candidates. Their assistance has been invaluable in facilitating our mission and achieving the Bank’s objectives.”

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

OAB Supports Omanisation – Hosts Job Interviews in Association with Ministry of Manpower

Hires several nationals to fill vacancies in Sharqiya Branches

Muscat, February 11, 2019: As part of its efforts to enable young Omanis to start their careers in the banking sector, Oman Arab Bank (OAB), in collaboration with the Ministry of Manpower, organised a series of job interviews for citizens at the OAB Head Office. The shortlisted interviewees will soon be joining the Bank’s team to fill vacancies within its branches in the Sharqiya Governorate.

Commenting on this, Adil Al Rahbi, Head of Human Resources Division at OAB said, “We organised these interviews in line with our commitment to provide young Omanis with local job opportunities, especially for those looking for such opportunities in Sharqiya. This in turn, also provides them with an invaluable opportunity to kick start their careers in the Banking sector in one of the finest financial institutions in the Sultanate.”

It is worth noting that several job interviews were conducted by members from the Human Resources and Retail Banking Divisions. Shortly thereafter a number of candidates were shortlisted to fill retail banking vacancies within the Bank’s branches in the Sharqiya Governorate. The new joiners are expected to begin working in the new positions with the next couple of days.

Al Rahbi added, “We were impressed with the level of skill, knowledge, and capabilities showcased by each of the candidates who applied for the positions. We are confident that those selected will be a quality addition to the OAB team in Sharqiya. We are honoured to welcome them into the OAB family. We would like also to extend our gratitude and appreciation to the employees in the Ministry of Manpower, who provided our team with support in the communication process as well as in scheduling interviews with the candidates. Their assistance has been invaluable in facilitating our mission and achieving the Bank’s objectives.”

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

Over 320 Participate in OAB’s Innovation Hub Competition

Winning Teams to be inducted into Innovations Lab at OAB Headquarters

Muscat, January 28, 2019: Oman Arab Bank (OAB), in line with its objective to accelerate its innovation journey and drive innovative thinking within the community, recently hosted ‘The Innovation Hub’ event. The 24-hour innovation platform saw the participation of over 70 teams, totalling over 320 participants, each of whom developed proof of concepts based on predefined themes. The winning team from each of the three categories – ‘Students’, ‘Professionals’, and ‘OAB Staff’ – will now join the Bank’s recently launched ‘Innovation Lab’, which will act as an accelerator of these winning innovations and further drive their development and implementation. The Innovation Hub event took place at the Bank’s Headquarters in Al Ghubrah on January 25,2019, over the course of 24 hours, and was attended by HH Sayyid Faisal bin Turki Al Said, Rashad Al Zubair, Chairman of OAB, Eng. Yousuf Al Harthy, CEO of Oman Technology Fund, and the Bank’s CEO, Rashad Al Musafir, together with other members of the Bank’s Executive Management and Staff.

The event began in the morning on January 25, starting with the registration process and a short orientation for the participants. This was followed shortly by an opening speech by Rashad Al Musafir, who said, “Our world today is moving very fast, faster than we can ever imagine. Competition is fierce and technology is developing at a very rapid pace. Artificial intelligence, automated learning, Internet of things, automation of processes, Blockchain, big data are all headlines of the next wave of changes in the business world and specifically in banks. The economy as a whole is based on knowledge and those who possess it will be able to control and lead these changes. We are aiming for our Innovation Hub platform to be the starting point on this path, one that should lead to more sustainable growth for the sector within the Sultanate.”

Aimed at students, professionals and employees, this initiative was developed to empower local talent and entrepreneurs to become viable contributors to the evolution of our economy through the power of innovation and the spirit of competition. The themes of the Innovation Hub were Youth banking, superior customer experience, digital economy and payments, and an open category for other innovative ideas. The initiative encompassed several activities prior to the competition date itself including roadshows for students and training workshops for participating student and staff teams by the Bank’s partners at the Head Office.

Following the CEO’s speech, the attendees were there given a presentation on Global Digital Banking Trends by the guest speaker, Arnold Gutmann, Senior Executive Partner at Gartner. Shortly thereafter, at 01:00 pm, the 24-hour competition started.

Commenting on the platform, Leen Al Atassi, Head of Innovation at OAB said, “This initiative was aimed at providing the participating teams of OAB employees, young students from various universities and colleges, and professionals, including start-ups, fintechs, and IT professionals, the opportunity to develop new and sustainable solutions within the banking and financial sector. It was also aimed at reinforcing OAB’s position as an enabler and accelerator of innovative ideas and platforms in the sector. This is just the beginning, and we look forward to working closely with our short-listed teams to develop these innovations in our first-of-its-kind innovation lab in the Sultanate.”

The Innovation Hub, over the course of the 24-hour competition period, and under the guidance and support of a dedicated Mentoring Panel, comprising senior members of the Bank’s staff and management, the teams developed each of their innovative ideas. In addition, the event also included a number of recreational activities, including an evening performance by ‘Flat 25’ and a Poetry Night in a dedicated ‘Chill Out Zone’, PlayStation competitions, graffiti by a local artist, and many other games and activities.

The competition came to a close at 01:00 pm on January 26, following which the final ideas were presented to the judge’s panel, which comprised a team of industry experts.

The Award ceremony announcing the winners was hosted later the same day at the Bank’s Headquarters. Coming out on top in the ‘Students’ category was team ‘One Last Time’, with special commendation given to the team ‘Technovators’ for the most creative idea. Winning the ‘Professionals’ category was ‘Connected Solutions’. Last but not least, was the winner of the ‘OAB Staff’ category, which was a team comprised of staff from various departments within the Bank. The awards were presented to the winning teams by Rashad Al Zubair and the CEO. These three winning teams will now be inducted into the Bank’s ‘Innovation Lab’, to develop their ideas further so that they may be implemented.

Congratulating the winning teams, Leen said, “Each and every team that participated developed and presented some truly innovative and inspirational ideas. This event was a showcase of the latent talent and skill of both students and professionals in Oman and what they are capable of achieving in just 24 hours. Ultimately, however, there could only be one winner per category. On behalf of OAB, I would like to congratulate each of the three teams on their victory. It was truly well deserved and we look forward to working more closely with them in further developing their ideas in our Innovation Lab.”

In addition, the winning student team also received a cash prize and will be presented with an opportunity to work on their innovations as part of a paid internship, together with potential opportunities for recruitment. The winning professional team, on the other hand, will be entered into a signed partnership agreement with OAB to develop and implement their idea within the Bank. While members of the winning OAB staff team will be presented with special incentives and opportunities for career advancement within the Bank.

“On behalf of every member at Oman Arab Bank, I would like to extend my gratitude and appreciation to our partners in this journey of innovation – our guest judges Talal Hasan, Growth Venture Investor at IDO, Maha Al Balushi, Managing Director at Oman Tech Fund, and Dr Khalid Tahhan, CEO of Blockchain Society, for their valuable contributions to the success of such a monumental event and for their help in driving innovation in the Sultanate. I would also like to thank our partners – IBM, GBM, ODP, MasterCard, JMR, NCR, Interactive Life, NNTC, NetInfo, Omantel, Oracle, Muscat East and Red Bull,” concluded 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 and 152 ATMs spread across the Sultanate. OAB provides a complete range of financial products and services for personal banking, corporate and investment clients.