OAB - HQ

Oman Arab Bank Celebrates its 30th Anniversary

Muscat, January 2015: Under the patronage of HE Mohammad Al Zubair, Advisor to HM the Sultan for Economic Planning Oman Arab Bank celebrated its 30th Anniversary at Shangri-La’s Barr Al Jissah Resort and Spa. The event was also attended by Ministers, Undersecretaries, OAB partners and the Chairman of The Board of the Arab Bank, Mr. Sabih Al Masry and the Vice CEO and Director of the board of the bank Ms. Randa Sadiq,

At the outset of the celebration, Mr. Rashad bin Mohammad Al Zubair, Chairman of OAB delivered a speech, saying that: “It is my pleasure to welcome you and your participation in our celebration of the bank’s 30th anniversary. Our true partnership with you is the main incentive and optimal motive for us to exert more efforts and dedicate the powers of the bank to serve our partners and customers. Today, while we celebrate, we reassure our heritage, based on solid relationships with you. The success we managed to sustain over the last 30 years is mainly attributed to you and you are the reason for the continuity of our success.” He concluded his speech saying that “We at Oman Arab Bank would like to take this opportunity to pray to Allah to keep HM, the Sultan safe and sound and return him to his country and people to complete the modern Omani Renaissance. Under his directives and guidance, we are heading for optimal and higher goals in service of this generous country.”

This speech was followed by a statement by the CEO of the Bank, Mr. Amin Rashid Al Husseini who said: “It is my privilege to welcome you this evening to our celebration of the 30th anniversary of the Bank. Our success would not have been possible without the true partnership, support and commitment, which we have with you. OAB has witnessed thirty years of booming and growth since its incorporation in the Sultanate. The bank has contributed to the development of this country under the wise leadership of HM Sultan Qaboos bin Said. Today, we renew our pledge to you to continue strengthening and advancing the Bank’s position among the pioneering banks in the Sultanate of Oman especially in respect of the distinguished customer service and IT development. More important, we shall keep in contact with our business partners.

Finally, I thank the Central Bank of Oman and CMA for their support and valuable directives.” Afterwards, a documentary was displayed depicting the achievements of the bank over the last thirty years. The documentary highlighted the major construction, infrastructure, tourist and development projects, which the bank financed like Salalah Methonol, Sur IWP Plant, Duqum Port & Dry Dock, Sur Road Project, Expansion Project of Oman Cement Factory, Sohar Refinery. In addition to that, the documentary showed the network of branches i.e. 67 branches and offices all over the Sultanate of Oman. In addition to financing projects and corporates, the bank provides retail services through distinguished and state of art services, which are available also online.

Moreover, the bank provides a collection of credit cards, which satisfy the needs and requirements of the clients, the smart card for dealings with government departments, and a group of other loans and facilities.