OAB Announces Winners of its May Hasaad Savings Draw

OAB Announces Winners of its May Hasaad Savings Draw

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Muscat, July 9, 2020: Oman Arab Bank (OAB) has announced the names of 132 winners from its May monthly Hasaad Savings Scheme. This included 95 winners from the monthly branch draws of OMR 500 each, ten winners of OMR 100 from the Children’s Account draw, twenty OMR 100 winners from the Youth Account draw, five winners of OMR 500 from the Bank’s Salary Transfer draw and two winners of OMR 10,000, from the Elite Draws at the Al Khuwair and Al Mintareb branches.

Commenting on the results of the May draw, Rashad Al Shaikh, Acting Head of the Retail Banking Division at OAB said, “Given the prevalence of the current pandemic, we have noticed our customers’ spending reduce considerably over the past few months. This has resulted in creating a positive effect since the level of savings has increased in the same period. As the market gradually re-opens, we encourage our customers to continue this savings culture to be able to be financially stable in the days to come. At OAB we continue to support our customers’ efforts to save and spread awareness about its importance. On behalf of everyone here at OAB, I wish you all the best of health and the strength and patience to persevere as we all go through these challenging times together.”

The Hasaad scheme sees 95 lucky winners, with a minimum of one winner per month per branch, receiving a prize of OMR 500 and OMR 1,000 at the quarterly draws. In addition, ten winners are selected from the Children’s Account holders (aged 18 and below) and receive OMR 100 each. Twenty winners are selected from the Youth Account holders (aged between 18 and 27), each receiving a prize of OMR 100. There also two Elite winners of OMR 10,000 each per month.

The monthly Elite draw is replaced by a Grand Prize draw of OMR 50,000 for one lucky Elite customer, and occurs twice a year, in June and December. Oman Arab Bank also conducts a special ‘Big Prize’ draw of OMR 25,000, for one winner across its expansive branch network at the end of every quarter.

The Salary Transfer draw was introduced in 2020, which sees 5 winners per month receiving a prize of OMR 500 each, as well as a guaranteed gift to both children and youth (up to 27 years old) once a year. Oman Arab Bank is the only Bank providing a guaranteed gift to its youth customers.

“We are extremely pleased with the outcome of the May draw and look forward to the next one, set to take place in June. This will include the Grand Prize of OMR 50,000 for one lucky Elite customer. I would like to congratulate all the winners of this month’s draw and hope to see many more in the remaining draws for the year. Once again, I encourage all our valued customers to continue in their efforts to save, so that they can increase their chances of winning,” Rashad added.

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

Oman Arab Bank Launches ‘Step to the Future 3.0’ Digital Initiatives

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  • A wide range of new digital solutions, including digital onboarding facility
  • An artificial intelligence system to approve instant loan top-up requests
  • An exclusive savings account programme with attractive interest rate ROIOman Arab Bank Launches ‘Step to the Future 3.0’ Digital Initiatives

Muscat, October 20, 2020: As part of its ongoing efforts to enhance its digital services and improve its overall customer experience, Oman Arab Bank (OAB) announced the launch of a wide range of advanced digital solutions set to provide superior customer experience within the banking industry in Oman. Introduced at a conference yesterday, these new services emphasize the Bank’s commitment to technological progress. Entitled ‘Step to the Future 3.0’, this marks the next stage of OAB’s digital evolution, with various AI-driven e-payment solutions and facilities set to make banking for its customers even easier.

Any Omani citizen or resident can now take advantage of a one-of-a-kind simplified and secure online onboarding system via the OAB Online App, which allows the opening of an account in under 5 minutes, without the need to physically visit the branch or sign any printed documents. Additionally, OAB customers with personal loans can instantly top-up their existing loans through the app, receive approval and have the additional amount transferred to their bank account almost immediately. Lastly, customers who open new accounts through the app can benefit from a new Super Growth savings account, which offers a special interest rate of 3% per annum.

Commenting on the launch of ‘Step to the Future 3.0’, Rashad Al Shaikh, Acting Head of the Retail Banking Division at OAB, said, “OAB has continuously endeavoured to strengthen its presence in the digital arena and implement innovative solutions and modern facilities to position itself as a pioneer in the local banking sector. Given the rapid changes brought about by technological advancement, we are aware that businesses across the globe are transitioning into the digital space. Therefore we aim to continuously invest in our digital platforms by introducing first-to-market solutions that provide exceptional customer experience and reinforcing our position as an innovative agile financial institution. We are keen on enhancing our customers’ experience by offering a comprehensive and convenient way to bank, something that has grown in importance especially now, when it is advised to socially distance at every opportunity. By visiting the OAB Online App, customers can take advantage of our products and services, complemented by advanced levels of security and confidentiality features.”

“Furthermore, we have introduced a new functionality for the OAB Online App. As part of our recently launched 50th National Day campaign, existing customers can now submit their referrals in a few simple steps. The campaign is our way of thanking our valued customers by offering them cash prizes in exchange for nominating their friends or family to open a new OAB account,” Rashad added.

Digital onboarding:

Customers looking to join OAB today are not required to visit the nearest branch and go through the application process. By downloading the OAB Online App, they can initiate the digital account opening process and upload and submit copies of their ID card (for citizens), residence card and passport (for expatriates), plus fill in their personal data and submit a picture in the form of a selfie. Upon completion, they will receive an SMS with an OTP code to acknowledge their agreement with the Bank’s terms and conditions. In under 5 minutes, the digital onboarding process will be completed and all account details shared with the customer so that they can begin their journey with OAB.

Super Growth scheme:

Customers who open a digital account with OAB can benefit from the Super Growth account, a limited-time savings deposit scheme with a special interest rate of 3% per annum, which will be paid to their account every month. Additionally, customers depositing a minimum amount of OMR 5,000, will receive a guaranteed cash prize of OMR 50 by simply maintaining it for at least a month.

Instant loan top-up:

OAB customers who have personal loans can now submit a request to instantly top-up their loan amounts through the OAB Online App. If they are eligible, the request will be processed in under 5 minutes, with the additional loan amount being transferred to their account almost immediately. This sets a new bar for the level of service within the local banking sector by implementing the use of advanced technology and analytical models to accelerate a process, which normally takes longer by visiting a branch.

“The recent restrictions on mobility to ensure everyone’s health and safety has resulted in the need for a reliable digital infrastructure. Regardless of these developments, we at OAB believe that to keep pace with rapid technological changes, we must adapt accordingly. This is why we took the decision to invest in modern technology, several years ago, which has led to the launch of our ‘Step to the Future’ initiative.  A part of our long-term strategy includes the digital transformation of our products and services, alongside the introduction of innovative new offerings that enhance the overall customer experience. We believe that these developments also tie-in to one of our key transformation strategy pillars and future direction of the Bank, which is to turn our customers into lifelong customers. We are confident we are on the right path towards creating a more prosperous future for the banking sector in Oman, as well as enriching our customers’ experiences with state-of-the-art digital offerings.” Rashad concluded.

OAB has a rich and proud history as one of the first financial institutions established in the Sultanate. Today, the bank operates a nationwide network of 55 branches and representative offices over 160 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking and corporate banking clients. On July 2020, after the completion of the merger between Oman Arab Bank and Alizz Islamic Bank, the bank has turned into a public joint stock company and its shares were listed on Muscat Securities Market.

Oman Arab Bank Congratulates Mazoon Dairy on One Year of Operation

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Muscat, October 26, 2020: Oman Arab Bank recently commended Mazoon Dairy Company SAOC, on its completion of one year of operation. The Bank had extended financing to the company in November 2019, for the creation of a state-of-the-art dairy manufacturing facility, with the confidence that it will bring about several advantages and new prospects for the local economy.

Commenting on the importance of the partnership, Alsalt Al Kharusi, Head of Corporate & Institutional Banking at OAB said, “Over the last few years, Oman has been working towards localising food industries and reducing its dependence on imports to fulfil the objectives of the National Food Security Strategy. This was the reason behind establishing Mazoon Dairy, which commenced production in October 2019. Since then, the company has been able to position itself at the forefront of the industry, achieving its sustainable development goals in record time. We are proud to be the strategic financial partner for this pioneering project, which will contribute greatly towards the Sultanate’s economic diversification efforts.”

“Our reason to finance this project was based on the economic and social value it would bring on a short-term and long-term basis, at both the regional and international levels. It is also in line with our strategic pillar, which is focused on building fruitful partnerships that will positively impact the national economy as a whole. In this way, we can reinforce our vision of being more than just a financing institution for similar industry-leading national projects such as Mazoon Dairy, but a strategic partner as well,” Alsalt added.

Established in 2015, Mazoon Dairy is a closed joint-stock company and the first 100% Omani dairy brand at its scale in the Sultanate. It is primarily engaged in manufacturing and distributing a wide range of dairy products and juices from its facility in the As’Sunainah in the Al Buraimi Governorate. It hosts a state-of-the-art dairy farm and processing plan, alongside an action unit, which was completed in October 2019.

OAB continues to position itself as a partner for economic development and as a trusted corporate banking partner, through its corporate objectives entitled, “Synergies and Partnerships”. The Bank is also looking to provide ATM and CDM facilities at Mazoon Dairy’s plant site, ensuring all employees can take full advantage of all OAB products and services, thereby enriching the employees banking experience.

Oman Arab Bank has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, the bank operates a nationwide network of 55 branches and representative offices with 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking, corporate banking, and investment clients.

New Age Banking Summit

OAB Receives Notable Accolade at New Age Banking Summit

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Asma Ali Ramadhan Al ZadjaliMuscat, October 13, 2020: Oman Arab Bank recently participated in the New Age Banking Summit, held on October 6, 2020. The event was held at Hotel Sheraton Oman and saw the Bank take part in discussions around the theme of “The Future of Banking and Fintech”. During the summit, OAB was bestowed with the ‘Leadership in Agile Banking’ award, reinforcing its dedication to the provision of high-quality customer experience.

Highlighting the importance of the event, Asma Al Zadjali, Head of Banking Operations Group, said, “Finding means to incorporate or implement FinTech innovations as part of our services is an integral part in our efforts to help accelerate the e-commerce industry and bring about a new age of digital banking. This is why we are and have always been keen on holding workshops catered to delivering value-added skill sets, experiences and networking opportunities to FinTechs, so that they may play a role in creating a thriving innovative banking eco-system. With key programmes and initiatives to develop innovation, local talent and entrepreneurship in place, we will be able to contribute significantly towards building the Sultanate’s knowledge-based economy and create value for the community at large.”

Business agility is a necessity for the long-term survival of any organisation in today’s rapidly changing times. OAB has established itself as a pioneer in the region, especially when it comes to adopting Agile practices. With a core focus on simplifying processes for its customers and enhancing their digital experience, the Bank needed to restructure how the internal IT and Operations facilities functioned. OAB looked to implement the best-in-class practices in Agile to ensure a robust foundation for its step towards digitisation. While Agile is easier to implement within smaller teams, it was a huge challenge to upscale it at an enterprise level. OAB began with around 3 teams, rapidly resulting in a growth of over 170 people that are grouped in Agile release trains today. The Bank continues to collaborate in self-configuring and self-managing teams, to produce predictable results every quarter at a sustainable pace. OAB continues to invest and grow Agile internally, maintaining its lead in the region through the participation and creation of a community around this philosophy.

Our Agile methodology and approach has helped us to stay committed to developing and promoting digitalised products and services to enrich overall customer banking experience. By doing so, the Bank seeks to position itself as a pioneer within the local banking industry, offering a variety of AI-driven technology that boosts convenience for all users. The Bank has also focused on an omni-channel approach, with a majority of its services available online and through the OAB Online App. Over the years, OAB has successfully contributed to accelerating the sector’s digital transformation journey by delivering an unrivalled customer experience. This also stems from its implementation of a strong Agile culture, which is primarily focused on cross-functional collaboration.

“I would like to thank OER for presenting us with the ‘Leadership in Agile Banking’ award, which is a testament to our long-term transformational strategy, allowing us to evolve from a traditional bank to a state-of-the-art banking institution that is a life partner to all our customers. In line with our Agile strategy, we have placed more emphasis on a customer-centric approach, especially when it comes to business strategy and direction. Therefore, we can continue offering added-value and innovative solutions to our customers, enhance efficiencies and empower our staff to play key roles in realising the Bank’s strategic objectives.” Asma concluded.

Oman Arab Bank has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, the bank operates a nationwide network of 55 branches and representative offices with 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking and corporate banking.

OAB Announces Winners of its May Hasaad Savings Draw

OAB Announces Names of Winners of its August Hasaad Savings Draw

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Muscat, October 07, 2020: Oman Arab Bank (OAB) has announced the names of the 131 winners of its monthly Hasaad Savings Scheme for August. This included 94 winners of the monthly branch draws of OMR 1,000 each, ten winners of the Children’s Account draw (OMR 100 each), twenty winners of the Youth Account draw (OMR 100 each), five winners of OMR 500 of the Bank’s Salary Transfer draw and two winners of OMR 10,000 of the Elite draw from the Muscat branch.

Commenting on the results of the draw, Rashad Al Shaikh, Acting Head of the Retail Banking Division at OAB, said, “As we near the last quarter of the year, I am proud to note that we continue to see an increased number of savings from our customers. I believe that this is the main reason behind Hasaad, which is to promote a savings culture so that our customers have a fallback option for finances in the long run. Additionally, we will continue giving several exciting prizes to mark the success of the Hasaad scheme, with even more exciting prizes being rolled out at every consecutive draw till the end of 2020.”

The Hasaad scheme sees 94 lucky winners, with a minimum of one winner per month per branch, receiving a prize of OMR 500 and OMR 1,000 at the quarterly draws. In addition, ten winners are selected from the Children’s Account holders (aged 18 and below) and receive OMR 100 each. Twenty winners are selected from the Youth Account holders (aged between 18 and 27), each receiving a prize of OMR 100. There are also two Elite winners of OMR 10,000 each per month.

The monthly Elite draw is replaced by a Grand Prize draw of OMR 50,000 for one lucky Elite customer, and occurs twice a year, in June and December. Oman Arab Bank also conducts a special ‘Big Prize’ draw of OMR 25,000 for one winner across its expansive branch network at the end of every quarter.

The Salary Transfer draw was introduced in 2020, which sees 5 winners per month receiving a prize of OMR 500 each, as well as a guaranteed gift to both children and youth (up to 27 years old) once a year. Oman Arab Bank is the only Bank providing a guaranteed gift to its youth customers.

“On behalf of OAB, I would like to extend my warmest congratulation to all of the winners of our latest draw. I also encourage everyone else to continue to save, so that they can increase their chances of winning. I wish everyone the best of luck in the remaining draws of the year,” Rashad added.

Oman Arab Bank has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, the bank operates a nationwide network of 55 branches and representative offices with 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking, corporate banking and investment clients.

OAB Opens New Branch in Sinaw

OAB Opens New Branch in Sinaw

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Muscat, September 27, 2020: Oman Arab Bank has opened its new branch in Sinaw, in North A’Sharqiyah, after reallocating to the entrance of the Wilayat, next to the Shell Petrol Station. Strategically positioned, the branch will allow easy access for OAB’s customers to conduct their banking transactions.

Highlighting the importance of the branch transformation, Rashad Al Shaikh, Acting Head of the Retail Banking Division at OAB, said, “The Bank’s strategy focuses on the development and transformation of our branch network to create a unique banking experience for all our customers and to enhance our share in the market with unparalleled level of services. We believe that our customers in Sinaw and the surrounding towns will be able to benefit from the location of the new branch.”

Similar to the other transformed branches, the Sinaw branch features an enhanced brand identity, with a refreshed look and feel and contemporary design. The branch transformation is further complemented by several facilities and systems that are a part of the Bank’s transformation strategy. The new branch seeks to provide an exceptional, integrated customer experience, starting from entering the waiting area to conducting the required banking transactions. The branch also features screens that promote OAB’s latest products and services, moving monitors to allow for more private advisory spaces, as well as signature pads and ID card readers.

The new branch also features a dedicated reception desk, Majlis, and RM offices for “Elite” customers to provide them with an exclusive, private and memorable banking experience. The objective is to bring together distinct designs and meet the Bank’s transformational goals, which revolves around enriching customer experience based on the high-level of offered services.

The design is inspired by the ‘Omani Skyline’, with the colour white representing Omani architecture, brown symbolising desert sands, grey a reflection of the mountains, and blue glass overhangs resembling the sky. A key aspect of the Bank’s transformational goals, this unique design emphasises the importance we give to elevating the customer experience by providing a high-level of services. “In addition to our branch transformational strategy, OAB has extensively invested in its digital infrastructure over the years, to provide efficient solutions for customers who prefer to carry out their banking requirements digitally. Today, we can confidently say that we have successfully met our customer needs all across the Sultanate, and we continue to exceed their expectations on both our digital and traditional channels,” Rashad added.

OAB has a rich and proud history as one of the first financial institutions established in the Sultanate. Today, the bank operates a nationwide network of 54 branches and representative offices with 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking and corporate banking clients.

Rashad Al Shaikh- رشاد الشيخ

OAB Launches “The Power of 50” on the Occasion of the 50th National Day

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Muscat, September 20, 2020: Oman Arab Bank recently announced the launch of its new promotional campaign, which takes place from 15th September until 18th November 2020. The campaign commemorates Oman’s 50th National Day and signifies the five decades of the country’s transformation journey, which began under the guidance of the founder of its modern renaissance, the late His Majesty Sultan Qaboos bin Said bin Taimur – may his soul rest in peace, and is continued by His Majesty Sultan Haitham bin Tariq– may the Almighty preserve him – as he leads Oman and all its people towards further growth and prosperity.

As part of the promotional campaign, the first 500 existing customers to refer a friend, acquaintance or family member to open an account at OAB via the OAB Online App will each receive a guaranteed cash prize of OMR 50. The first 500 customers to open an account with OAB and transfer their salary of OMR 500 or more will receive a guaranteed cash prize of OMR 50. In November, every OAB customer will have the opportunity to be a part of a special Hasaad draw for a chance to win one of the 50 prizes of OMR 500 each.

Highlighting the importance of the campaign launch, Rashad Al Shaikh, Acting Head of the Retail Banking Division at OAB, said, “Oman’s 50th National Day is a significant occasion for all its citizens and marks an incredible milestone for the country. Therefore, we decided to make this occasion even more special and spread happiness to all our valued customers and the people of Oman. Emphasising on our slogan “The Power of 50”, we are extremely proud of all the accomplishments that have taken place throughout the last half-century, and we look forward to being a part of the vision of our wise ruler, who will lead us towards an even brighter future .”

As a part of the campaign, OAB’s Retail Division introduces a new service window on the OAB Online App that simplifies the new account nomination process. Existing customers can submit details of the person they are looking to nominate and the Bank will conduct a follow-up to check whether the nominees is interested in opening an account. Upon approval, the account will be opened, with a cash prize of OMR 50 deposited to the new customer’s account when they transfer their salary, as well as the account of the existing customer.

“Since the 50th National Day marks the golden jubilee of the renaissance of Oman, our campaign was designed to reach out to the widest segment of potential customers, by involving the efforts of our existing customer base. In this way, we can show our gratitude and appreciation to our valued customers for their continuous loyalty and trust over the years. Despite the current challenges, OAB has achieved various milestones in 2020 and I am confident that this campaign will also add to our success, while simultaneously celebrating our nation’s progress.”

OAB has a rich and proud history as one of the first financial institutions established in the Sultanate. Today, the bank operates a nationwide network of 55 branches and representative offices with 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking and corporate banking clients. On July 2020, after the completion of the merger between Oman Arab Bank and Alizz Islamic Bank, the bank has turned into a public joint stock company and its shares were listed on Muscat Securities Market.

Omar Abdulaziz Al Kharusi 1

OAB Introduces New Department for Change and Development

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Muscat, September 15, 2020: Oman Arab Bank has announced the establishment of a new change and development department, a move that further positions the Bank at the forefront of the local banking sector. The department will primarily be responsible for overseeing the implementation of OAB’s change and development strategy, which has been undertaken over the last few years. This strategy is based on the Bank’s four main pillars, which focus on innovation, strategic partnerships, talent development, and the continuous improvement of the customer experience.

Commenting on the decision to set up the new department, Adil Al Rahbi, Head of Human Resources Division at OAB, said, “The Bank has made remarkable progress enhancing banking operations over the last years by employing the latest technologies to create new and advanced solutions. This is complemented by our efforts to build an effective and highly qualified team and the provision of a suitable work environment. This, in turn, enables OAB staff to utilise modern practices in project management, ensuring added value when innovative strategic initiatives are implemented. To expand on this objective in the future, a specialised division was established to oversee all developmental efforts across different fields. Our colleague Omar Abdulaziz Al Kharusi, who has over 19 years of experience in project management, has been appointed as the head of this strategic department.”

Omar Al Kharusi holds an MBA from Franklin University in the United States and has a proven record in project delivery and transformation strategies. Embodying strong leadership skills, he has extensive experience in managing people, systems and change management at major local banks.

“OAB’s executive management relies on the Human Resources division to provide other departments with skilled personnel. To achieve this, we rely on a talent management approach that aims at developing and enriching the work environment to enhance its attractiveness, enabling us to attract highly qualified people at the sector level. An example of this is the addition of our colleague Omar Al Kharousi, as one of the young Omani competencies with qualified experience in the banking sector. We wish him success in his new position as the Head of Change and Development Department,” Adil added.

Oman Arab Bank has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, the bank operates a nationwide network of 55 branches and representative offices with 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking, corporate banking and investment clients.

OAB Announces Winners of its May Hasaad Savings Draw

OAB Announces Winners of the July Hasaad Savings Draw

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Muscat, September 9, 2020: Oman Arab Bank (OAB) has announced the names of 132 winners from its July monthly Hasaad Savings Scheme. This included 95 winners from the monthly branch draws of OMR 500 each, ten winners of OMR 100 from the Children’s Account draw, twenty OMR 100 winners from the Youth Account draw, five winners of OMR 500 from the Bank’s Salary Transfer draw and two winners of OMR 10,000 of the Elite draw from the Muscat branch.

Commenting on the results of the draw, Rashad Al Shaikh, Acting Head of the Retail Banking Division at OAB said, “We continue to see a rise in the amount of savings from our bank’s customers, especially since the last few months and we are proud to see how the Hasaad scheme has contributed to this culture. It is important that we highlight and promote the need for having savings, which is beneficial for every individual’s financial stability in the long run. We continue to roll out exciting prizes until the end of the year as part of this highly successful scheme, with each month’s draws bringing in even more incredible prizes.”

The Hasaad scheme sees 95 lucky winners, with a minimum of one winner per month per branch, receiving a prize of OMR 500 and OMR 1,000 at the quarterly draws. In addition, ten winners are selected from the Children’s Account holders (aged 18 and below) and receive OMR 100 each. Twenty winners are selected from the Youth Account holders (aged between 18 and 27), each receiving a prize of OMR 100. There also two Elite winners of OMR 10,000 each per month.

The monthly Elite draw is replaced by a Grand Prize draw of OMR 50,000 for one lucky Elite customer, and occurs twice a year, in June and December. Oman Arab Bank also conducts a special ‘Big Prize’ draw of OMR 25,000 for one winner across its expansive branch network at the end of every quarter.

The Salary Transfer draw was introduced in 2020, which sees 5 winners per month receiving a prize of OMR 500 each, as well as a guaranteed gift to both children and youth (up to 27 years old) once a year. Oman Arab Bank is the only Bank providing a guaranteed gift to its youth customers.

“I congratulate all the winners of the July draw and wish everyone else the best of luck in the upcoming months. I hope that all our valued customers will continue to enhance their efforts to save more so that they can increase their chances of winning in the next draw,” Rashad added.

Oman Arab Bank has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, the bank operates a nationwide network of 55 branches and representative offices with 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking and corporate banking.

Hilal Al Siyabi

Oman Arab Bank Launched Online Competition in Support of Local Charities

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Muscat, September 06, 2020: To commemorate the International Day of Charity, celebrated on September 5, Oman Arab Bank launched a special competition on its social media platforms for all its followers. The competition aimed at increasing awareness of the need to contribute to charitable foundations and organisations, which in turn will have a positive impact on society.

Commenting on the launch of this competition, Hilal Al Siyabi, Head of Corporate Communications at Oman Arab Bank, said, “We believe that individuals play an integral role in helping out people who are in need. This is why the Bank has tied up with several active charities and charitable associations over the years to instill a culture of giving. With the OAB App customers can easily make donations to their local charity of choice within seconds. This competition reaffirms our efforts to encourage and promote a spirit of charitable contribution among all members of the OAB family.”

To enter the competition, followers will have to answer the question, “How many charities and funds can you donate to via the OAB Online App”. Those who answer correctly will be entered into a draw, with the Bank donating OMR 500 on behalf of the winner to the charity of their choice from those listed on the mobile application.

“Through this competition, we aim to bring people together who believe in the need for carrying out charitable work while simultaneously raising awareness within the community about the importance of donations. We are confident that the response from our customers and social media followers will be a testament to this cause.” Hilal added.

Oman Arab Bank has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, the bank operates a nationwide network of 55 branches and representative offices and 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking, corporate banking and investment clients.