OAB Organises a Special Event to Celebrate Omani Women’s Day

Muscat, 22 October 2022: Oman Arab Bank (“OAB”) celebrated Omani Women’s Day with a special event organized exclusively for its female employees at the Bank’s Headquarters.

The Omani Women’s Day event showcased the Bank’s commitment to fostering an inclusive organizational culture and celebrating the integral role that Omani women continue to play in the development of Oman’s socioeconomic goals and objectives.

The event was a huge success and saw a large number of female employees attending various educational and wellness workshops throughout the day to help them realize their personal and professional goals and unlock their full potential.

Commenting on Omani Women’s Day, Leen Al Atassi, Head of Corporate Communications said: “We are delighted to recognize and celebrate the valuable contributions and achievements of Omani women. At OAB, we emphasize and value promoting women in leadership roles and developing future women leaders. We place significant importance on gender diversity in the workplace, with more than 39% of our workforce comprising of women and 36% of middle management positions filled by women. We are also proud to have 16 talented women leaders running our branches across Oman.”

Throughout the month, OAB will be featuring stories of women leaders across the branch network on its social media channels.

Irresistible Offers from Oman Arab Bank

Guaranteed Cash on new Credit Cards and 20% discount on food purchases from Lulu Hypermarket

Muscat, 25 September 2022: Oman Arab Bank has announced its latest offer designed to enhance its customers’ shopping experience. Under this new offer, customers can apply for a new Credit Card and get guaranteed cash on their card up to OMR 50 after completing their first transaction. OAB will also waive the first-year subscription fee for the credit card as part of the offer. They can also save 20% on their food purchases from Lulu Hypermarket outlets across Oman, in-store or online.

OAB Credit Card holders can take advantage of this exciting offer during the last weekend of September, from 29 September until 1 October 2022, where they will receive an instant discount on all food items when using their credit cards to pay for their shopping.

Commenting on the new offer, Rashad Al Shaikh, Head of the Retail Banking Department at OAB, said, “This is our way of thanking and rewarding our customers for choosing OAB as their preferred banking partner. When customers apply for a new OAB Credit Card, they receive guaranteed cash up to OMR 50 on their Credit Card, and they can enjoy a 20% discount on food items at any Lulu Hypermarket during the last weekend of September, allowing them to save even more. The Bank will also waive the first-year subscription fee for new credit cards as part of the offer.

“Furthermore, our customers can access various other valuable promotions and benefits. These include interest-free instant easy payment plans at participating retailers, reward points, and a wide range of other offers from hotels, restaurants and shops across the country and abroad.”

OAB customers can always check the Bank’s website for new offers throughout the year to get the most value out of their cards.

OAB has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, OAB operates a nationwide network of 48 conventional branches and 142 conventional ATMs across the Sultanate. OAB provides a complete range of financial products and services through its OAB Online App. Customers can now digitally benefit from several other services directly from the convenience of their mobile phones.

OAB Brings You the Chance to Watch the FIFA World Cup 2022 Live

Muscat, September 11, 2022: In a recent announcement, Oman Arab Bank announced a special offer for all football enthusiasts among its customers. Three lucky customers will win a trip for two to attend one of the FIFA World Cup 2022 matches in person in Qatar. For football fans, this is the chance of a lifetime.

Customers can enter the draw by simply using an OAB VISA Credit Card to make purchases. Every OMR 10 spent will qualify customers for an entry into the raffle draw where the grand prize is an all-expenses-paid trip for two to the FIFA World Cup, which includes air tickets, accommodation, and stadium transport.

Commenting on the promotion, Rashad Al Sheikh, the Head of the Retail Banking Division at OAB said, “We are delighted to share the excitement of FIFA World Cup Qatar 2022 with our customers and are always looking to bring the best offers, world-class privileges and rewards to our loyal customers. Our latest card promotion in partnership with Visa offers our Visa Credit Card holders an opportunity to witness this once-in-a-lifetime and unforgettable event in person, courtesy of Oman Arab Bank.”

Under the promotion, customers are eligible for one raffle entry for every OMR 10 they spend on an OAB Visa Card within the Sultanate of Oman and two entries for every OMR 10 spent abroad. Therefore, the more a customer spends using their OAB Visa Credit Cards, the greater their chances of winning. There are three sets of tickets to be won in total. The promotion runs until 20 September 2022, with the draw taking place on the 29th of October 2022.

OAB has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, OAB operates a nationwide network of 48 conventional branches and 142 conventional ATMs across the Sultanate. OAB provides a complete range of financial products and services through its OAB Online App. Customers can now digitally benefit from several other services, directly from the convenience of their mobile phones.

OAB Hosts Exciting Event to Announce FIFA World Cup Qatar 2022TM Hospitality Packages Winners, courtesy of Visa

Muscat, October 5, 2022: Oman Arab Bank recently conducted an exciting live draw at the auditorium of its Head Office to pick the winners for the FIFA World Cup Qatar 2022™ hospitality packages, courtesy of Visa. The announcement comes as part of OAB’s recent special offer in partnership with Visa, for all football enthusiasts among its customers that grants them an opportunity of a lifetime to attend one of the FIFA World Cup 2022™ matches in person in Qatar.

Ahmed Hadid Al Mukhini, a former player of the Oman national football team, was the guest of honour at the raffle ceremony. The event also witnessed the attendance of members of the Bank’s management team and employees. The draw saw hospitality packages given away to the three lucky winners. Each comprised of an all-expenses-paid trip for two to the FIFA World Cup 2022™, which includes air tickets, accommodation, and stadium transport, courtesy of Visa.

Speaking on the occasion, Rashad Al Sheikh, the Head of the Retail Banking Division at OAB, said, “We congratulate all the winners. This is a once-in-a-lifetime opportunity to attend one of the world’s most-anticipated sporting events and enjoy a memorable experience. At OAB, we constantly aspire to provide top-notch services and exceptional offers that target and meet the needs of all segments of the community. Thanks to our collaboration with Visa, this promotional offer falls in line with these objectives. We are delighted that the campaign witnessed such great interest from customers. Through this offer, we wanted to surpass customers’ expectations and fulfil their dream of attending the FIFA World Cup™, courtesy of Visa.”

The Bank launched the offer in partnership with Visa in July 2022. OAB Visa Credit Cardholders were automatically entered into raffle draws when they used their Visa cards for purchases. The prize was an all-expenses-paid trip for two to the FIFA World Cup 2022™, which includes air tickets, accommodation, and stadium transport, courtesy of Visa.

OAB has a rich and proud history as one of the first financial institutions to be established in the Sultanate.

Seeking to Develop the Skills of Young Children in the Tourism Sector Oman Arab Bank Sponsors the Little Tourist Forum

Muscat, 15 August 2022 | In line with its sustainability strategy, Oman Arab Bank recently sponsored the third edition of the Little Tourist Forum. Organised by the Ministry of Heritage and Tourism, the two-week event took place from 17 to 28 July and included several workshops and activities related to tourism.

Designed to target the next generation of young Omanis, several interactive programmes, activities and field trips, focused on the tourism sector, were held this year. The forum aimed at equipping the participants with the necessary skills and knowledge to excel in the tourism industry. Moreover, it sought to utilise children’s free time during the summer holiday with valuable activities.

Commenting on the initiative, Sulaiman Ali Al Hinai, Head of Treasury, Investments & Government Relations Division said, “We are delighted to support the Little Tourism Forum. There is no doubt that the forum will develop the skills of our talented young children in the tourism industry. This will enable them to serve as ambassadors for this vital sector, whose enormous potential for stimulating the economy is vital to the government.”

“At Oman Arab Bank, we believe that public-private sector partnerships are crucial for achieving national socioeconomic goals. Therefore, to maximize our positive impact, we will continue to support national initiatives as part of our sustainability strategy,” he further stated.

OAB’s sustainability strategy was designed to strengthen the Bank’s social impact within its three main strategic pillars: community partnerships, environmental responsibility and financial inclusion. The strategy was developed to boost the Bank’s social contribution in line with its business growth. The Bank will remain steadfast with its commitment towards delivering impactful initiatives over the years.

OAB Launches Service Ambassadors Programme As part of its efforts to enhance customer experience

Muscat, July 25, 2022: Oman Arab Bank (OAB) recently introduced its Service Ambassadors Programme to enhance customers’ in-branch experience. The Service Ambassadors will be the first point of contact for customers visiting select OAB branches. They will seek to understand customers’ banking requirements and deliver the highest quality of service to ensure customers are supported and assisted throughout their branch journey.

Highlighting the importance of the programme, Rashad Al Shaikh, Head of the Retail Banking Division at OAB, said, “Fostering a customer-centric approach and a holistic experience falls under one of the key pillars of our transformational strategy. By enhancing the quality of services extended to all of our customers, we strive to increase our opportunities for success and excellence. With this in mind, we have made prudent efforts in choosing suitable talents from within the Bank to represent us as Service Ambassadors across our branch network. They will be present within select branches as the first point of contact to support customers and are well-versed in answering any enquiries that customers may have, including those related to the Bank’s products and services, transactions and more. This step will enrich the efficiency of the Bank’s operations and will also encourage familiarity as soon as customers enter the branch.”

The Service Ambassadors were given extensive training to help them prepare and develop their communication and customer service skills, as per global best practices. They were also provided with comprehensive information related to OAB’s products and services to help them get accustomed to typical queries posed by customers. Furthermore, the Service Ambassadors will support branch staff by directing customers to the respective service provider, effectively facilitating the implementation of customer transactions across OAB banking platforms and spreading awareness of the Bank’s digital channels.

OAB has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, the OAB Group operates a nationwide network of 48 conventional branches and 145 conventional ATMs locations across the Sultanate. OAB provides a complete range of financial products and services through its OAB Online App. Customers can now digitally benefit from several other services, directly from the convenience of their mobile phones.

OAB Introduces Savings Basket with Guaranteed Returns of up to 5.75% p.a.

Muscat, August 2, 2022: Oman Arab Bank (OAB) launched its newest scheme, the OAB Savings Basket, in line with its efforts to enhance financial returns for customers. The scheme enables them to invest their savings and receive guaranteed returns at an interest rate of up to 5.75% per annum.

“With the global macroeconomic challenges that have prevailed over the last few years, it is imperative that we offer schemes that have long-term benefits for our customers and their families. The main objective of the launch of our Savings Basket is to enable customers to grow their savings with attractive returns on their investment. With this in mind, we would like to encourage our customers to take part in this limited-time opportunity that is catered to meeting their long-term aspirations, with an array of value-added benefits,” said Rashad Al Shaikh, Head of the Retail Banking Division at OAB.

With the OAB Savings Basket, customers can deposit a specified amount as a fixed deposit for a maximum period of three years, which will be subject to a guaranteed interest rate. The minimum and maximum deposits for eligibility are OMR 50,000 and OMR 1,000,000, respectively. OAB will invest 70% of the amount as a fixed deposit, with an interest rate of 5.5% per annum for one year, 5.65% per annum for two years and 5.75% per annum for three years.

Furthermore, the remaining 30% of the deposited amount will be held in a cash margin account with added benefits, including a complimentary Elite Credit Card with a maximum limit of OMR 20,000 and an Overdraft Facility with an upper limit of OMR 50,000.

Customers can visit their nearest OAB branch to apply for this limited-time scheme or visit the OAB website for more information.

OAB has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, OAB operates a nationwide network of 48 conventional branches and 142 conventional ATMs locations across the Sultanate. OAB provides a complete range of financial products and services through its OAB Online App. Customers can now digitally benefit from several other services, directly from the convenience of their mobile phones.

OAB Supports an Innovative Initiative as part of its Sustainability Strategy

Muscat, July 2, 2022: In line with its sustainability strategy and its commitment toward supporting the community development, Oman Arab Bank (OAB) recently sponsored Design Muscat 2022 event. Held under the patronage of HH Dr Adham Turki Al Said, Assistant Professor of Economics, Sultan Qaboos University, the event took place in Scientific College of Design from 13 to 15 June. The symposium witnessed various international and local participations from the public and private sectors. Many experts in the design and sustainability sector and those interested in the field also attended.

“Supporting effective initiatives that are aligned with our sustainability strategy comes at the forefront of our mandate. Through our contribution to these initiatives, we aspire to enhance socio-economic growth. Design Muscat is one of the essential events that resonate with Oman Vision 2040 which aims to uplift the quality of life by harnessing sustainability and keeping abreast with the latest international developments.  Therefore, building a bright future for the Sultanate and its people,’’ said Mr. Rashad Al Zubair, Chairman of the Board of Directors of Oman Arab Bank.

Under the theme “Re-thinking creative Industries Role towards Sustainability”, the event organised several interactive workshops and delivered presentations that discussed applying the elements of sustainability in art and design. It also focused on the challenges and solutions related to implementing sustainability in the physical environment and integrating sustainability into academic modules and research.  Furthermore, the symposium shed light on the role of various entities in achieving the objectives of Oman vision 2040 concerning sustainability and supporting the innovative solutions presented by academic institutions, researchers, and artists.

Design Muscat 2022 is a non-profit international event and a brand with a focus on the creative industries. It is a professional platform for practitioners, academicians and students to share expertise and knowledge. It is a biennial gathering where professionals explore how creativity, innovation, business and social factors impact design.

OAB delivered a presentation on sustainability during the event that highlighted its Financial Literacy initiative. The recently launched initiative delivers a series of informative videos that aims to equip Omani youth with the necessary financial skills and knowledge to empower them to make informed financial decisions. It focuses on subjects such as loans, savings, and financial management.

OAB’s sustainability strategy was designed to strengthen the Bank’s social impact within its three main strategic pillars: community partnerships, environmental responsibility and financial inclusion. The strategy was developed to boost the Bank’s social contribution in line with its business growth. The Bank will remain steadfast with its commitment towards delivering impactful initiatives over the year.

Oman Arab Bank Launches “Friends of OAB” rewards programme with rewards up to OMR 1,000

Muscat, June 26, 2022: Oman Arab Bank (OAB) announced the launch of “Friends of OAB”, its new referral programme. Starting from today, OAB customers will be able to refer their friends and family by clicking on “Friends of OAB” on the OAB Online Banking app, a not-to-be-missed opportunity with rewards up to OMR 1,000 for successful referrals.

The more friends and family members a customer refers, the greater the rewards. OAB customers taking part in the referral programme will automatically receive OAB rewards points when their referral deposits OMR 1,000 and above in their new OAB account, and maintains that amount for at least one month. The reward amounts to 1% for every OMR 1,000 deposited (up to 10 referrals). It is simple to reap the rewards as an OAB customer could earn up to OMR 1,000 with only 10 referrals. Beneficiaries will be able to view details of their current and previous reward points and transaction details at any time, with ease, through the OAB Online App.

Commenting on the launch of the programme, Rashad Al Shaikh, Head of the Retail Banking Division at OAB, said, “We are always exploring new ways to reward our customers for their loyalty. The reward programme is not new to our customers. Following the success of the OAB rewards programme for credit cardholders, we decided to extend the rewards programme to “Friends of OAB”. Our latest programme enables customers to earn reward points when they refer their friends or family members to OAB through the OAB Online Banking app. These points can be redeemed for incredible benefits”.

Through the “Friends of OAB” programme, customers will be able to redeem their points to pay for their purchases using OAB POS machines at partner retailers. Additionally, customers can also benefit from a cashback option, which will be directly credited to their account, equal to the value of the points redeemed.

More information is available on the OAB website (www.oman-arabbank.com) and via the OAB Online App.

OAB has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, the OAB Group operates a nationwide network of 48 conventional branches and 145 conventional ATMs locations across the Sultanate. OAB provides a complete range of financial products and services through its OAB Online App. Customers can now digitally benefit from several other services, directly from the convenience of their mobile phones.

Exclusive Interest Rates on Personal Loans with Oman Arab Bank Starting at Just 4.25% PA

Muscat, Sultanate of Oman, 14 August 2022 | Oman Arab Bank is committed to providing customers with attractive offers and benefits that meet their needs and fulfil their financial aspirations. As a testament to this, the Bank has announced a reduction in personal loan interest rates starting from 4.25% per annum for a limited time only.

Customers can now apply for a new personal loan or buyout their existing personal loans with other Banks at a competitive interest rate by visiting their nearest Oman Arab Bank branch. The offer is valid until the 1st of September 2022.

OAB has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, OAB operates a nationwide network of 48 conventional branches and 142 conventional ATMs locations across the Sultanate. OAB provides a complete range of financial products and services through its OAB Online App. Customers can now digitally benefit from several other services, directly from the convenience of their mobile phones.