Oman Arab Bank Wins Top Cybersecurity Honor Cybersecurity & Risk Excellence

at MEA Finance Awards

Muscat, Oman. 21 May 2025. Oman Arab Bank (OAB) has been awarded Best Cybersecurity and Risk Management Implementation in Oman by MEA Finance at the 2025 Banking Technology Awards. The award recognizes the Bank’s outstanding achievements in securing its digital operations while meeting the highest standards of regulatory compliance and customer trust.

At the core of this achievement, OAB ensures that its cybersecurity practices are not only robust but fully compliant with national governance frameworks. Through its risk-aware security architecture, the Bank dynamically monitors, assesses, and mitigates cyber risks in real time — demonstrating operational integrity across all channels.

In recent years, OAB has implemented an advanced threat detection and response platform with extended detection and response (XDR) and security orchestration, automation, and response (SOAR) capabilities. This has enhanced the Bank’s ability to identify threats in real-time, analyze security events across multiple layers, and respond more effectively to incidents. Additionally, participation in a global vulnerability research initiative has further reinforced the Bank’s defenses against advanced persistent threats and zero-day vulnerabilities.

These technology investments have yielded measurable results, with the Bank achieving its lowest-ever Cyber Risk Exposure Management (CREM) percentage. This translates to fewer incidents, faster response times, and consistent success in cybersecurity audits.

Beyond technology, Oman Arab Bank continues to foster a cyber-resilient culture through targeted staff training, phishing simulations, and executive-level cybersecurity drills, reinforcing the human layer of defense and building long-term organizational resilience.

Mr Sulaiman Al Harthi, Chief Executive Officer of Oman Arab Bank, commented:
“Cybersecurity and risk resilience are no longer back-office functions — they are central to building customer trust and ensuring sustainable growth. This award is a reflection of our technology investment, and also a shared mindset across the Bank that prioritizes vigilance, accountability, and innovation.”

 

The award enhances OAB’s competitive edge, increases media visibility, and supports its mission to attract top talent in banking and cybersecurity. Internally, the recognition energizes teams and affirms the Bank’s commitment to being a secure, forward-looking institution in Oman.

 

 

Oman Arab Bank Partners with Talabat to Offer Exclusive Weekend Discounts on all orders for Credit Card Holders

 April 2025. Oman Arab Bank (OAB) has announced an exciting new partnership with Talabat, one of the region’s leading online food delivery platforms, to reward its Visa credit card customers with exclusive discounts on their weekend orders. This limited-time campaign is part of OAB’s ongoing efforts to promote local spending and enhance the value of everyday banking for its customers.

From May 1 to May 3 and again from May 8 to May 10, OAB Visa credit cardholders can enjoy a generous 50% discount on all Talabat orders. This all encompassing offer is not only restricted to food items, but is available for every order made on the Talabat app. To avail the offer, customers should use the code: “OAB50” at checkout. It is also worth noting that the maximum discount is OMR 3 per order. And each cardholder can benefit from the discount up to four times during the promotion period.

This strategic collaboration aims to deliver more than just savings — it reflects OAB’s commitment to innovation, convenience, and customer-centric solutions. By aligning with Talabat, a platform deeply embedded in customers’ daily routines, the bank provides added value where it matters most: in their day-to-day lifestyle choices.

Commenting on the initiative, Mr. Sulaiman Al Harthi, Chief Executive Officer of Oman Arab Bank, said, “At OAB, we are constantly looking for new ways to make banking more rewarding for our customers. Our partnership with Talabat not only supports local businesses and spending but also adds tangible value to our cardholders’ everyday experiences. We’re proud to offer them meaningful rewards that align with their daily habits.”

This offer reflects Oman Arab Bank’s broader mission to deliver exceptional benefits and personalized banking experiences through smart partnerships. Customers are encouraged to take advantage of the discount during the two campaign weekends and to explore the full range of value-added services offered through OAB’s credit cards.

Under the Patronage of His Excellency Majid bin Said Al Bahri, Oman Arab Bank Promotes Financial Awareness Among Youth in the Sultanate of Oman

Muscat, XX May 2025 – Oman Arab Bank, in collaboration with the Ministry of Education, has launched its pioneering initiative, Money Adventures for Young Savers, to prepare future generations for financial success. His Excellency Majid bin Said Al Bahri, Undersecretary of the Ministry of Education for Administrative and Financial Affairs, inaugurated the programme during a ceremony at Al-Ula Basic Education School in Al Ghubrah. The event marked the official launch of a nationwide campaign to equip students with essential financial literacy skills, in line with the Ministry’s ‘Khazna’ initiative.

Launched at a pivotal time, Money Adventures for Young Savers aligns with the objectives of Oman Vision 2040 by fostering a financially aware and responsible generation. The programme employs a forward-thinking educational model that combines interactive learning with real-life experiences. Students explore key financial concepts such as earning, saving, smart spending, and charitable giving through age-appropriate activities and engaging, hands-on learning stations.

In its first year, the programme will reach 3,000 students across 50 schools in Oman, with 60 students participating from each school. Organisers will divide students into two groups to maximise engagement and learning outcomes. Seven interactive stations will offer rich educational content and experiential learning opportunities that make financial education accessible and enjoyable.

At the launch, Mr. Sulaiman Al Harthi, CEO of Oman Arab Bank, said, “In today’s rapidly evolving economic landscape, it’s vital to equip young people with the financial knowledge to make informed, responsible decisions. Through Money Adventures for Young Savers, we aim to nurture a new generation that values saving, investing, and prudent financial management. Our collaboration with the Ministry of Education enables us to deliver this impactful initiative and contribute meaningfully to the financial education of Oman’s youth.”

This initiative reflects a strong national partnership. Skilled Omani youth from Oman Arab Bank and the Ministry of Education developed the programme’s educational content, training materials, and interactive tools. Their collaboration highlights a shared commitment to nurturing local talent and investing in educational initiatives that build a solid financial knowledge foundation among students.

The programme will expand to include more schools across the Sultanate, reaffirming Oman Arab Bank’s and the Ministry’s commitment to providing inclusive, high-quality financial education. The goal is to empower all students with the financial skills they need to navigate life confidently and responsibly.

As part of its broader community investment strategy, Oman Arab Bank views financial literacy as a cornerstone of sustainable development. This initiative reinforces the Bank’s role as a proactive contributor to national goals. It supports economic and social progress by helping youth make informed financial choices that positively shape their futures and communities.

 

 

OAB Showcases Its Initiatives to Support Entrepreneurs at Chamber Meeting

 

 

Muscat: As part of its ongoing support for the small and medium enterprises (SMEs) sector, Oman Arab Bank (OAB) participated in a meeting of the SMEs Committee at the Oman Chamber of Commerce and Industry. The discussion focused on enhancing collaboration and developing banking solutions to support entrepreneurs and business owners.

OAB’s team presented its innovative initiatives for SME growth, including the “Tumouhi” program, which provides comprehensive financial services and credit facilities. The program is supported by an integrated digital platform accessible via online and mobile banking—the first of its kind in Oman—designed to meet the evolving needs of entrepreneurs. Additionally, the bank offers electronic payment solutions, including point-of-sale systems and mobile payments. OAB also runs a nationwide training program, featuring workshops on financial literacy and financial planning skills.

Commenting on the meeting, Sulaiman Al Harthi, CEO of OAB, stated: “We are pleased to have been invited to this meeting by the SMEs Committee of the Oman Chamber of Commerce and Industry. Our participation reaffirms our commitment to supporting this vital sector and contributing to sustainable development in Oman. We are confident that OAB’s programs and initiatives will continue to foster a thriving business environment, supporting the private sector and entrepreneurs while paving the way for their growth, expansion, and success.”

He added: “OAB’s financial services and financing products are in high demand among SME owners, reflecting notable growth in our SME financing portfolio. The bank places great emphasis on understanding business needs, continuously innovating to provide tailored financial solutions for all customer segments. SMEs now represent a significant part of our client base—an achievement we take pride in. Through this, OAB remains committed to excellence in Oman’s banking sector and plays a pivotal role in supporting the private sector while advancing Oman’s Vision 2040 to empower SMEs as engines of economic growth, development partners, and sustainable sources of employment.”

OAB continues to develop innovative initiatives for SMEs, including the recent launch of a dedicated digital financial solutions platform for entrepreneurs. Additionally, “Tumouhi” program has evolved into one of Oman’s leading SME support initiatives, offering a comprehensive platform for financial services, training, and exclusive benefits. The program’s workshops focus on corporate governance, compliance, and strategies to navigate business challenges, ensuring the long-term sustainability of SMEs.

“At OAB, we recognize the vast potential and ambitions of entrepreneurs and their invaluable contributions to Oman’s economy. We are committed to providing all necessary support to strengthen this role and expand our partnerships in line with Oman Vision 2040’s objectives of diversification and sustainability,” Al Harthi added.

Sheikh Rashid Al Maslahi, First Deputy Chairman of the Oman Chamber of Commerce and Industry, emphasized the importance of this sector, which the Oman Chamber of Commerce and Industry pays special attention to due to its vital role in sustainable development. He also commended the tangible role played by OAB in developing the SME sector through its financial programs and initiatives that facilitate business growth. He emphasized that the banking sector remains the primary source of funding for development projects.

Al Maslahi stated: “OAB’s innovative and high-impact initiatives have played a crucial role in supporting entrepreneurship in Oman, empowering SMEs to launch and expand their businesses. The bank’s ‘Tumouhi’ program, in particular, has become a benchmark for SME growth, offering financial solutions, an integrated digital platform, and training programs for entrepreneurs across all governorates.”

Hosting OAB aligns with the Chamber’s initiative to expand partnerships with the banking sector and showcase successful financing models for SMEs, a key driver of economic growth that represents the majority of private-sector businesses in Oman.

 

Oman Arab Bank offers 4% cashback to its credit card holders this Eid

Muscat. 25 March, 2025. In celebration of the upcoming Eid al-Fitr, Oman Arab Bank (OAB) is pleased to announce the launch of its special Eid al-Fitr Spend Campaign, designed to reward OAB credit cardholders with 4% cashback for local purchases made during the festive period. The campaign will run from March 29th to April 5th, 2025, and aims to encourage local spending while providing a unique opportunity for OAB customers to earn cashback on their everyday purchases.

 

The campaign is open to all OAB credit cardholders who accumulate a total spend of OMR 500 during the Eid holiday week. To make the reward even more exciting, the first 250 eligible customers who meet the spending requirement will receive 4% cashback on their purchases. The cashback will be credited to their accounts within 30 days following the conclusion of the campaign.

 

Mr Juma Al Fulaiti, Deputy Head of Retail Banking at Oman Arab Bank, commented on the launch of the spending campaign, stating, “We are excited to offer this special cashback promotion to our valued credit card customers during the festive season of Eid al-Fitr. At OAB, we continuously strive to provide value and enhance our customers’ experiences. This campaign not only celebrates the spirit of Eid but also encourages local spending, benefiting both our customers and local businesses. We look forward to seeing our customers take full advantage of this exclusive offer.”

 

OAB is committed to offering its customers innovative products and services that make their banking experience both rewarding and seamless. With this new campaign, the bank hopes to deepen its relationship with cardholders and further reinforce its role in supporting local businesses across Oman.