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.