OAB Announces Names of 132 Winners for its April Hasaad Savings Scheme Draw

Muscat, June 9, 2020: Oman Arab Bank (OAB) has announced the 132 winners of its April monthly Hasaad Savings Scheme draw. The winners included 95 winners of the monthly branch draws of OMR 500 each, ten winners of OMR 100 of the Children’s Account draw, twenty OMR 100 winners of the Youth Account draw, five winners of OMR 500 of the Bank’s Salary Transfer draw and two winners of the monthly Elite draw of OMR 10,000.

Commenting on the April draw, Rashad Al Shaikh, Acting Head of the Retail Banking Division at OAB said, “Despite the challenging situation we are in, which has had a huge impact on the local market, we have continued to see a surge in savings by all our valued customers, at every branch. We are proud to have played a part in instilling a savings culture. It is important to preserve one’s finances during this critical period and maintain a reserve in case of unforeseen emergencies. On behalf of OAB, I wish everyone the best of health and the strength to persevere together during these difficult times.”

The Hasaad scheme sees 95 lucky winners, with a minimum of one winner per month per branch, receiving a prize of OMR 500 and OMR 1,000 at the quarterly draws. In addition, ten winners are selected from the Children’s Account holders (aged 18 and below) and receive OMR 100 each. Twenty winners are selected from the Youth Account holders (aged between 18 and 27), each receiving a prize of OMR 100. There also two Elite winners of OMR 10,000 each per month.

The monthly Elite draw is replaced by a Grand Prize draw of OMR 50,000 for one lucky Elite customer, and occurs twice a year, in June and December. Oman Arab Bank also conducts a special ‘Big Prize’ draw of OMR 25,000, for one winner across its expansive branch network at the end of every quarter.

Newly introduced in 2020 was the Salary Transfer draw, which sees 5 winners per month receiving a prize of OMR 500 each, as well as a guaranteed gift to both children and youth (up to 27 years old) once a year. Oman Arab Bank is the only Bank providing a guaranteed gift to its youth customers.

“We are delighted with the results of the April draw and, on behalf of everyone at OAB, I would like to extend my congratulations to all the lucky winners and look forward to seeing the numbers rise for the remaining draws planned for this year. I encourage all of our valued customers to maximize their saving efforts to increase their chances of winning incredible prizes in the months to come.” Rashad added.

Oman Arab Bank has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, the bank operates a nationwide network of 65 branches and representative offices with 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking, corporate banking and investment clients.