Oman Arab Bank Launches Travel Loan Campaign to Empower Holiday Seekers

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Oman Arab Bank Launches Travel Loan Campaign to Empower Holiday Seekers
Muscat. 15 June 2025.Oman Arab Bank (OAB) has announced the launch of its highly anticipated Travel Loan Campaign, tailored to help customers embrace the joy of travel—whether within Oman during the picturesque Khareef season in Salalah or abroad for international adventures. The campaign reflects the Bank’s ongoing commitment to delivering customer-centric financial solutions that enhance quality of life and offer greater lifestyle flexibility.

The Travel Loan offers customers the opportunity to borrow between OMR 1,000 and OMR 5,000 with an attractive interest rate of 4.5%, and flexible repayment terms of up to 12 months. To further reward customers, the campaign includes a two-year annual fee waiver on OAB credit cards for eligible applicants.

Special benefits await those heading to Salalah for Khareef, including 20% cashback on fuel spent at Oman Oil and Shell stations during selected weekends in July and August. In addition, customers can access exclusive offers on hotels, dining, cafés, and car rentals in the Dhofar region, making their trip even more enjoyable and cost-effective. International travelers are not left behind. The campaign also includes complimentary travel insurance, offering peace of mind for customers flying abroad, ensuring safety and convenience remain a priority.

Mr. Juma Al Fulaiti, Deputy Head of Retail Banking at OAB, commented, “At OAB, we believe travel is more than leisure—it’s an opportunity to connect, explore, and grow. Through this Travel Loan campaign, we’re proud to provide financial solutions that allow our customers to experience new destinations without the burden of financial constraints. Whether it’s enjoying the lush beauty of Salalah or discovering the world beyond, we want our customers to indulge, while also creating a slew of unforgettable memories with their families and loved ones.”

Customers can apply for the Travel Loan conveniently via the OAB Mobile App or by visiting their nearest branch. This initiative is part of OAB’s broader strategy to offer flexible, relevant, and rewarding financial products that align with customers’ evolving needs and aspirations.

OAB Launches ‘Kharif Dhofar’ Campaign with Exclusive Perks for Credit Cardholders

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OAB Launches ‘Kharif Dhofar’ Campaign with Exclusive Perks for Credit Cardholders

Muscat. 6 July 2025. As the Kharif season draws travelers to the lush landscapes of Dhofar, Oman Arab Bank (OAB) is pleased to announce the launch of its seasonal Kharif Dhofar Campaign, designed exclusively for OAB Visa Credit Cardholders. This special initiative is set to enhance the travel and spending experience of customers visiting the scenic Dhofar region during the much anticipated Kharif season.

 

This limited-time offer unlocks a suite of value-driven perks, including exclusive discounts on car rentals, cashback on fuel purchases, and special rates at selected hotels and restaurants in Salalah. The aim is to provide seamless, convenient, and budget-friendly experiences for customers enjoying the magic of Kharif.

“At OAB we are committed to design campaigns that are closely aligned with our customers’ lifestyles,” said Mr. Sulaiman Al Harthi, CEO of OAB. “The Kharif Dhofar Campaign reflects this promise to turn every trip into an opportunity for savings, convenience and unforgettable moments during one of the most celebrated seasons in Oman. We want our customers to focus on making memories, while we take care of the value.”

 

The Kharif Dhofar Campaign is available to all our OAB Visa Credit Cardholders Supported by a multi channel promotional strategy, including influencer collaborations, in-branch activations, and digital engagement, the campaign is set to capture the spirit of the season while rewarding our loyal customers with meaningful perks.

 

Whether customers are planning a road trip across the Dhofar coastline or a relaxing stay in Salalah, OAB’s Kharif Dhofar Credit Card Campaign ensures that their experience is smoother, more affordable, and filled with added value.

 

 

Oman Arab Bank Announces Increase of Authorised Capital to OMR 500 Million and Paid‑In Capital Boost of OMR 50 Million

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Oman Arab Bank Announces Increase of Authorised Capital to OMR 500 Million and Paid‑In Capital Boost of OMR 50 Million

 

Muscat, Oman – 24 June 2025 – Oman Arab Bank (“the Bank”), one of Oman’s leading financial institutions, announced that its Board of Directors has invited its shareholders to approve an increase in the Bank’s authorised capital from OMR 200 million to OMR 500 million. In addition, the Bank will raise its paid‑in capital by OMR 50 million through a rights issue to be underwritten by the Bank’s shareholders.

 

This capital enhancement, which remains subject to regulatory approval, will further strengthen the Bank’s capital adequacy ratios, support accelerated growth in retail and corporate lending, and provide a robust platform for continued digital‑banking innovation.

 

Sulaiman Al Harthi, Chief Executive Officer of Oman Arab Bank, stated, “The proposed increase in authorized and paid-up capital highlights our strong foundations as a brand. With a larger capital base, we can expand our credit to vital economic sectors, invest in the next generation of digital services, and deliver long-term, sustainable value to all stakeholders. This will pave the way for strengthening the bank’s balance sheet, strengthening its Tier 1 capital ratio, and providing the necessary flexibility to weather economic fluctuations.”

 

The paid‑in capital increase will be executed via a rights issue. Existing shareholders of record as of the book‑closure date (to be announced) will be entitled to subscribe on a pro‑rata basis. The authorised‑capital increase will give the Bank flexibility to undertake additional equity issuances in the future as market opportunities arise, while remaining within prudential limits.

About Oman Arab Bank

Founded in 1973, Oman Arab Bank provide commercial and Islamic banking activities, through its wholly owned subsidiary Alizz Islamic Bank, through 50 branches, 24/7 digital channels, and a network of correspondent banks.

Forward‑Looking Statements

This press release may contain forward‑looking statements. Actual results may differ materially from those expressed or implied. The Bank undertakes no obligation to update forward‑looking statements except as required by law.

Investor Contacts

Investor Relations: +968 24754334 • Investor.Relations@oman-arabbank.com

OAB Wraps Up SME Training Roadshow in Nizwa, Reaffirms Commitment to Nationwide SME Growth

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OAB Wraps Up SME Training Roadshow in Nizwa, Reaffirms Commitment to Nationwide SME Growth

Muscat. 22  June, 2025. Oman Arab Bank (OAB) has successfully concluded the third leg of its SME Development Training Roadshow, held in Nizwa from 17 to 18 June, 2025. Organized in collaboration with SME Development Authority and Oman Chamber of Commerce and Industry in Nizwa, under the Bank’s flagship Tumouhi initiative, the event drew wide participation from aspiring entrepreneurs and small business owners in Al Dakhiliyah, continuing a nationwide mission to support and empower Oman’s growing SME sector. The event was held under the auspices of H.E Sheikh Dr. Faisal bin Ali bin Rashid Al Zidi (Wali of Manah).

 

Following successful workshops in Muscat and Sohar earlier this year, the Nizwa event brought together a dynamic mix of sessions covering financial literacy, business strategy, marketing, and HR fundamentals. Designed to offer hands-on learning and real-world insights, the two-day workshop also served as a vibrant networking hub for local entrepreneurs and industry experts.

 

H.E Sheikh Dr. Faisal Al Zidi expressed his enthusiasm towards this initiative in supporting the SME sector, praising the government’s steadfast approach and the great attention it pays to this vital sector, given its pivotal role in supporting the growth of the economy and enhancing its diversity. He emphasized that supporting entrepreneurs and emerging business owners contributes to creating new job opportunities and enhancing local innovation. H.E Sheikh Dr Faisal Al Zidi stated, “This workshop is a true turning point for entrepreneurs. They would walk in with ideas, and leave with a plan, equipped with the confidence to take their businesses to the next level. The sessions were practical, relevant, and exactly what small business owners and entrepreneurs would need.”

 

Sulaiman Al Hinai, Chief Wholesale Banking Officer at Oman Arab Bank, commented on the roadshow’s continued momentum, “At Oman Arab Bank, we view SMEs as key drivers of economic resilience and innovation. Through Tumouhi, we’re not just delivering training — we’re creating access, building networks, and empowering business owners in every corner of the Sultanate. The response in Nizwa has been incredibly encouraging, and we remain committed to reaching even more regions with the tools and support SMEs need to thrive.”

The Tumouhi Roadshow is part of OAB’s long-term strategy to promote financial inclusion, empower local talent, and align with the goals of Oman Vision 2040. By providing practical tools and strategic guidance, OAB aims to equip SMEs with the foundations to grow, innovate, and contribute meaningfully to the national economy. The Bank has confirmed that future roadshows are in the pipeline, with a commitment to covering all regions across the Sultanate in the months ahead.

 

OAB’s Tumouhi Initiative Hits the Road with SME Development Workshops Across Oman

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OAB’s Tumouhi Initiative Hits the Road with SME Development Workshops Across Oman

Muscat. Oman Arab Bank (OAB) has announced the launch of its SME Development Training Roadshow, a dynamic two-day program set to take place in Nizwa from June 17 to 18 under the patronage of H.E. Sheikh Dr. Faisal bin Ali bin Rashid Al Zidi; Wali of Manah. Held under the umbrella of the Bank’s Tumouhi initiative, the roadshow is tailored to equip small and medium enterprise (SME) owners with essential business skills, financial knowledge, and networking opportunities to fuel their growth. Most notably, this is the third workshop after the Muscat and Sohar events, with the bank’s aim to continue to cover all regions in the Sultanate of Oman.

 

The workshop  will be hosted at the Oman Chamber of Commerce and Industry Hall in Nizwa and is open to SME owners and aspiring entrepreneurs across the Sultanate. With a comprehensive agenda covering financial literacy, strategic planning, human resources, and marketing, participants will gain hands-on insights to help scale their ventures.

 

Commenting on the initiative, Sulaiman Al Harthi, CEO of Oman Arab Bank, said,
“At Oman Arab Bank, we believe SMEs are the backbone of our economy. Through the Tumouhi initiative, we are committed to empowering entrepreneurs with the skills and tools they need to thrive. The roadshow ascends being a mere training program. Truly, it is a platform for inspiration, connection, and sustainable growth.”

 

The Tumouhi SME Roadshow reflects OAB’s broader commitment to national economic development through targeted support for small businesses. The initiative also aligns with Oman Vision 2040 by fostering a resilient private sector powered by innovation, inclusion, and enterprise. Interested participants can register via the official OAB website. Seats are limited and early registration is encouraged.

–Ends–

Invitation to attend the Extraordinary General Meeting of Oman Arab Bank S.A.O.G. (the Bank)

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Invitation to attend the Extraordinary General Meeting of Oman Arab Bank S.A.O.G. (the Bank)

Oman Arab Bank “SAOG” would like to invite its shareholders to attend the Extraordinary General Meeting (EGM) to be held at 3:00 p.m. on Sunday 29 June 2025 via the Muscat Clearing and Depository (MCD) online platform, (www.mcd.gov.om).

In case a quorum is not present at the EGM, a second meeting will be held at 3:00 p.m. on Monday 30 June 2025 via the Muscat Clearing and Depository (MCD) online platform.

The agenda of the Extraordinary General Meeting:

  • To approve amending Article 5 of the Article of Association of Oman Arab Bank S.A.O.G. as follows:

 

Article 5 (Current):

The authorized capital of the Bank shall be Rial Omani Five hundred million (R.O. 200,000,000) and the issued capital shall be Rial Omani One hundred and sixty six million and nine hundred and forty one thousand (R.O. 166,941,000) divided into 1,669,410,000 share.

 

Article 5 (Proposed):

The authorized capital of the Bank shall be Rial Omani Five Hundred Million (R.O. 500,000,000) and the issued capital shall be Rial Omani One hundred and sixty six million and nine hundred and forty one thousand (R.O. 166,941,000) divided into 1,669,410,000 share.

As per the regulations for convening general meetings through the electronic platforms issued by the Financial Service Authority (FSA), we would like to draw your kind attention to the following:

  1. Only juristic persons may authorise a natural person to attend the general meeting and vote on their behalf through the electronic systems, provided that the authorised natural person has an investor number at Muscat Clearing and Depository Company.

 

  1. Voting on the subject items offered for voting in the agenda starts three (3) days before the meeting and until the end of the voting process on the day of the general meeting. If your balance of shares increased or decreased during the period of voting, your submitted votes will be cancelled and you would have to submit your votes again on the day of the general meeting.

 

Please attend at least 30 minutes prior to the meeting. For more information, please contact Mr. Mansoor Al-Raisi, Tel. No. 24754300.

 

Rashad Al Zubair

Deloitte

Ali Al Mamari
Chairman

External Auditor

Legal Advisor

 

Oman Arab Bank Launches “Eidiyah” Cashback Campaign to Celebrate Eid Al-Adha with Customers

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Oman Arab Bank Launches “Eidiyah” Cashback Campaign to Celebrate Eid Al-Adha with Customers

Muscat, Oman. 3 June 2025. In the spirit of Eid Al-Adha, Oman Arab Bank (OAB) has announced the launch of its festive cashback initiative, “Eidiyah from OAB”, designed to reward customers during one of the most joyful times of the year. This limited-time campaign offers credit cardholders a chance to win back OMR 20 when they spend OMR 200 or more from June 1 to June 5, 2025.

The promotion is open to all OAB Visa Infinite, Platinum, Gold, and Classic credit cardholders and includes both local and international retail transactions. The first 250 eligible customers to meet the spend threshold will receive OMR 20 cashback, bringing a festive boost to their holiday spending.

Mr.  Juma al Fulaiti, Deputy Head of Retail Banking at Oman Arab Bank, stated, “Eid is a time of generosity, connection, and celebration. We wanted to extend that spirit to our customers by giving something meaningful in return. With ‘Eidiyah from OAB,’ we’re not only honouring tradition but also deepening our relationship with our cardholders by rewarding them in a simple and impactful way.”

Unlike traditional giveaways or raffles, the campaign follows a first-come, first-rewarded model. No registration is required—customers simply need to use their OAB Visa credit cards to make qualifying purchases across a wide range of categories, including grocery, fashion, dining and gifts,. The cashback will be credited directly to eligible customers’ card accounts within 30 days after the campaign ends. It is worth noting that Apple Pay and Samsung Pay transactions are excluded from the promotion.

Whether it’s providing added value during special moments or simplifying everyday banking, OAB continues to shape its services around what matters most to its customers. Additionally, this campaign is one of several seasonal initiatives by Oman Arab Bank aimed at enhancing customer engagement through tailored rewards and exclusive benefits. It reflects OAB’s broader commitment to delivering not only financial products, but also meaningful experiences that resonate with customers across Oman.

OAB Celebrates Omani Achievements at Special Olympics World Winter Games Turin 2025

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OAB Celebrates Omani Achievements at Special Olympics World Winter Games Turin 2025

 

Muscat, Oman – 8 May 2025: Oman Arab Bank (OAB) is pleased to be part of the Special Olympics World Winter Games – Turin 2025, supporting the participation of Special Olympics Oman in this global event that celebrates strength, determination, and excellence. This cooperation comes within the bank’s steadfast commitment to Corporate Social Responsibility (CSR) and supporting members of the community. It aims to empower the Omani champions as they represent the Sultanate and achieve accomplishments on the international stage. This stems from the bank’s belief that sports have the potential to enable individuals to overcome challenges, and it is proud to have been part of their inspiring journey.

This year’s Games saw six determined champions from Oman representing the Sultanate in snowshoeing, cross-country skiing, and short track speed skating. Together, they brought home an impressive total of seven medals, including gold, silver, and bronze — a proud moment for the Sultanate of Oman and a testament to the spirit of perseverance.

Commenting on OAB’s support for the Special Olympics, Mr. Sulaiman Al Harthi, CEO of Oman Arab Bank, said: “At Oman Arab Bank, we believe in the power of inclusion and the importance of creating spaces where every individual can thrive. Supporting the Special Olympics is not just about sport — it’s about values. It’s about determination, equality, and celebrating the human spirit. We are incredibly proud of our Omani athletes and honored to play a role in their journey.”

Oman Arab Bank’s support contributed to enabling the Omani team’s participation in the Special Olympics World Winter Games by providing the necessary resources, reflecting the bank’s ongoing commitment to supporting Special Olympics programs in the Sultanate of Oman.

The Special Olympics World Winter Games Turin 2025 brought together thousands of athletes from across the globe in a shared vision of unity and possibility. Oman Arab Bank is proud to have stood behind Oman’s champions, reinforcing its promise to support initiatives that make a lasting impact.

 

 

OAB Inspires Future Leaders at an Exclusive Session with Sayyed Khalid bin Hamed Al Busaidi

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OAB Inspires Future Leaders at an Exclusive Session with Sayyed Khalid bin Hamed Al Busaidi

Muscat. 19 May 2025. Oman Arab Bank (OAB) today hosted an exclusive leadership session featuring Sayyed Khalid bin Hamed Al Busaidi, a distinguished leader whose journey in visionary thinking and transformative leadership has made a significant impact in the Sultanate of Oman and beyond. The event, which took place at the OAB Auditorium, was attended by a great number of people, alongside employees, all eager to hear from a figure who exemplifies bold leadership and impactful change.

The session provided a unique opportunity for attendees to learn from Sayyed Khalid’s personal experiences of courage, resilience, and visionary execution. His insights into leadership challenged the audience to think bigger, act bolder, and lead with a stronger sense of purpose.

Mr. Sulaiman Al Harthi, CEO of Oman Arab Bank, expressed his enthusiasm for the event, highlighting the bank’s commitment to fostering leadership excellence. He said, “We are incredibly honored to have hosted Sayyed Khalid bin Hamed Al Busaidi today. His remarkable journey in leadership and transformation resonates with our core values at OAB. We believe in nurturing visionary leaders who will drive positive change in our society. Sayyed Khalid’s insights remind us all of the power of bold decisions to creating a meaningful impact. This event aligns with our ongoing efforts to inspire and empower the next generation of leaders.”

The event covered a range of topics, including the importance of innovation, the role of leadership in times of uncertainty, and how to foster a culture of resilience and creativity within organizations. Sayyed Khalid encouraged attendees to embrace challenges as opportunities for growth, emphasizing the significance of thinking beyond conventional boundaries.

As part of Oman Arab Bank’s commitment to developing its internal leadership, the session was an important step in cultivating a culture of innovation and positive change across the organization. OAB remains dedicated to supporting leadership development and inspiring individuals to lead with courage and integrity, thereby driving change and progress across Oman.

 

Oman Arab Bank and Oman Housing Bank Sign Agreement to Provide Liquidity Under the “Iskan” Program to Accelerate Housing Finance for Citizens

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Oman Arab Bank and Oman Housing Bank Sign Agreement to Provide Liquidity Under the “Iskan” Program to Accelerate Housing Finance for Citizens

Muscat – Sultanate of Oman:

As part of its efforts to support social empowerment and enhance the quality of life for Omani citizens, Oman Arab Bank has signed a strategic partnership agreement with Oman Housing Bank to provide liquidity under the “Iskan” program — a national initiative aimed at accelerating the processing of subsidized housing loan applications for citizens on the waiting list.

The signing ceremony was attended by Mr. Moosa bin Masoud Al-Jadidi, CEO of Oman Housing Bank, and Mr. Suleiman bin Hamed Al-Harthi, CEO of Oman Arab Bank.

This agreement reflects Oman Arab Bank’s ongoing commitment to playing a pivotal role in urban and social development across the Sultanate by offering innovative financing solutions supported by advanced digital infrastructure and high-quality customer service. Through this partnership, Oman Arab Bank will officially join the “Iskan” digital platform starting Sunday, May 11, 2025, enabling citizens to submit applications directly through its branch network under the same terms approved by Oman Housing Bank.

The program allows eligible citizens to obtain subsidized housing finance up to OMR 60,000, while those seeking to purchase residential units in Sultan Haitham City or integrated city projects implemented by the Ministry of Housing and Urban Planning can receive financing of up to OMR 80,000, in accordance with the conditions set by Oman Housing Bank.

Oman Arab Bank will begin receiving and evaluating housing finance applications under the program after fully training its staff on the platform’s procedures and electronic processing system to ensure a smooth and integrated customer experience.

The bank’s participation adds significant value to the program, leveraging its extensive banking expertise and widespread presence across Oman’s governorates, which will enhance service accessibility and help reduce waiting times — in alignment with Oman Vision 2040 goals for housing development and sustainable urban growth.

Since its launch, the “Iskan” program has succeeded in reducing waiting times from several years to less than six months, through a fully integrated digital process that automatically loads eligible applicants based on seniority and sends them SMS notifications with a direct application link, ensuring transparency and efficiency.

The alliance between Oman Housing Bank and local banks, led by Oman Arab Bank, aims to finance more than 50,000 housing units within five years, supporting urban expansion plans, stimulating the real estate and construction sectors, and contributing to the revitalization of the national economy.

In its commitment to transparency, Oman Housing Bank provides an interactive digital platform at iskan.ohb.co.om, offering full details about the program, including financing conditions, maximum loan amounts, and eligibility criteria.

Through this partnership, Oman Arab Bank reaffirms its position as a leading national financial institution, leveraging its banking capabilities and advanced digital services to serve Omani citizens and enable them to own their dream homes with ease and clarity — supporting the path toward sustainable development in the Sultanate of Oman.