OAB Announces Over 130 Winners in Hasaad Savings Scheme draw

Muscat, May 12, 2020: Oman Arab Bank (OAB) recently announced the names of the 133 winners of its March monthly Hasaad Savings Scheme draw. These winners included 95 winners of the monthly branch draws of OMR 1,000 each, OMR 100 for ten winners from the Bank’s Children’s draw for those under the age of 18 and 20 from the Bank’s Youth Holders who are between the age of 18 and 27 of OMR 100 each, OMR 500 for 5 winners from the Bank’s Salary draw. This month also included the first quarterly ‘Big Prize’ draw, which saw one of the bank’s customers win OMR 25,000 and two winners of the monthly Elite Draw of OMR 10,000 each.

Commenting on the recent draw results, Rashad Al Shaikh, Acting Head of the Retail Banking Division at OAB said, “In light of the current challenges and market closure since mid-March, we have noticed an increase in the amount of savings of our valued customers, which in turn, has led to a rise in their chances of winning prizes of Hasaad Savings scheme draw. This reaffirms the need to enhance finances and focus more on savings to ensure a better future for all their family members, as well as enhancing their financial ability to deal with emergencies, such as the COVID-19 pandemic, currently impacting not only the Sultanate but the world as well.  We are proud that Hasaad Savings Scheme has contributed to the creating of a savings culture among the various segments of the society, over the past years, which has proven its worth during these difficult times. ”

As a part of the scheme, 95 lucky winners, with a minimum of one winner in each branch, will receive a prize of OMR 500 monthly, reaching OMR 1,000 each quarter. There will be 10 winners of OMR 100 each for the Children’s account holders, aged 18 and below; 20 winners of OMR 100 each for Youth account holders, aged between 18 and 27 and two winners of OMR 10,000 each as part of the monthly Elite Draw. The latter Elite draw, however, will see its monthly draw replaced by a Grand Prize draw of OMR 50,000 for one lucky Elite customer, which will occur twice a year, in June and December. In addition to these monthly draws, the Bank will also be conducting a special ‘Big Prize’ draw of OMR 25,000 for one winner across its branch network at the end of every quarter.

A new introduction this year is the Salary Transfer draw, which provides 5 winners with a prize of OMR 500 each month, as well as a guaranteed gift to children and youth (up to 27 years old), once a year, respectively. Moreover, OAB is the only Bank that will be providing a guaranteed gift to its youth customers.

“The March draw marks the end of the first quarter of the year. I would like to extend my congratulations to all the lucky winners and look forward to seeing the largest number of winners in the upcoming nine monthly draws. I encourage each and every one of our valued customers to continue saving, so as to maximise their chances of winning amazing prizes and wish them all the very best of luck for 2020.” 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.