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.