Reflects on achievements of 2018 and reveals strategic plan for 2019 to staff
Muscat, January 21, 2019: Oman Arab Bank (OAB), last weekend, hosted a special ‘Town Hall Meeting’ at Grand Millennium Muscat, which was attended by over 470 members of staff from across the Bank’s branch network. The event was attended by Abdulaziz Al Balushi, a Board Member of OAB, and was presided over by Rashad Al Musafir, the CEO of OAB. The event reflected on the many achievements of the Bank over the course of 2018 while also touching upon its strategic plans and goals for the year ahead.
Commenting on the event, Rashad Al Musafir said, “2018 has been an extremely successful year for us at OAB. Such success is in part due to the continued patronage and loyalty of our customers, together with the hard work, dedication and passion of our staff. This is why we consider each and every member of our staff as a very highly valued member of the OAB family.”
“As with any corporate family, total transparency is always the key to its continued success. It is in line with this ideology that we host our annual gathering, wherein we collectively reflect on the progress made and milestones achieved by OAB over the course of the past year, as well as reveal in detail our future plans and goals,” added Rashad.
The event, which began at 8:00am on Saturday, January 19, included an overview of the Bank presented by the CEO as well as its outlook, plans, and goals for the coming year. As part of the presentation, a video was played showcasing the bank’s achievements and milestones over the course of 2018. The event also included a talk and interactive session with the CEO, where staff were presented with an opportunity to engage in an open forum with him regarding the Bank as a whole.
“We have made significant progress on all fronts in the past year, with particular attention given to the critical enhancements to our IT infrastructure, risk management framework, and updating our digital channels, as well as the launch of our innovation hub, developing our people, and much more. Furthermore, as part of our ongoing branch transformation strategy, we relocated, transformed, and launched 8 new branches across the country, 3 of which were state-of-the-art flagship branches,” said Rashad, commenting on the Bank’s achievements in 2018. “With strong foundations now in place, we are entering 2019 in a position of strength. Over the next 12 months we will continue to look for and capitalise on key opportunities, introducing innovative new products, concepts and ideas that will set the trend for the market to follow and end 2019 on an even higher note than we did this year.”
During its annual event, OAB had set up an interactive wall for staff to use, illustrating the transformational story of OAB and its operations in 2018. In addition, the Bank had setup four interactive stations for staff to use on location, each delving deeper into the details of some key operations, namely – LEAD, Workplace by Facebook, NFC technology, and Innovation Hub. Additionally, a special commemorative prize draw was held for all OAB staff that attended the event.
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 the complete range of financial products and services for personal banking, corporate and investment clients.