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.

OAB Organizes “Iftar Saem” Initiative in Support of Charity

Muscat: As part of its commitment to fostering a culture of charity and humanitarian work, Oman Arab Bank (OAB) successfully organized the Iftar Saem initiative this year in the Wilayat of Muttrah. This initiative is part of the bank’s annual Ramadan activities, aimed at encouraging generosity and embodying the virtues of the holy month.

This program is an integral part of OAB’s comprehensive corporate social responsibility (CSR) initiatives, designed to create a lasting positive impact. It encompasses support for local communities and charitable work, as well as the development of programs and services and the introduction of innovative solutions that drive the growth of Oman’s private sector. Additionally, it enhances customer service and facilitates access to financial services for all segments of society, including individuals with disabilities.

The active participation of OAB employees in the Iftar Saem initiative and other community programs reflects their strong commitment to social responsibility and charitable work, which remains a core priority for the bank.

Sulaiman Al Harthi, CEO of OAB, stated: “OAB takes great pride in its track record of impactful and innovative CSR initiatives, which reinforce its leadership as a distinguished financial institution in Oman. The bank not only contributes to the advancement of the banking sector but also plays a vital role in volunteerism and social work. Our goal is to make a tangible, positive impact in accelerating the achievement of national objectives for sustainable human and economic development. This broad vision of corporate social responsibility is a fundamental pillar of our banking excellence strategy, which OAB has upheld throughout its distinguished journey.”

“Throughout the year, OAB organizes a diverse range of charitable, humanitarian, and volunteer programs that promote the values of solidarity and social cohesion. During the holy month of Ramadan, the bank takes pride in its impactful initiatives, including waiving outstanding debts for dozens of affected customers, continuing its annual Eid exhibition to support the growth of Omani small and medium enterprises, and launching various other community-driven initiatives.”

Al Harthi added: “As a leading financial institution in Oman, OAB recognizes the power of collaboration in achieving corporate goals. That is why we encourage our employees to share ideas and contribute creative solutions that make a meaningful difference in the lives of all segments of society. We extend our sincere gratitude to our team of volunteers from the bank, who has dedicated their time and effort with great commitment to organizing and ensuring the success of the Iftar Saem initiative, along with other events and activities that reflect the deep-rooted Omani values of generosity and giving.”

OAB Launches Initiative to Waive Debts of Struggling Borrowers

 

Muscat: In a move that reflects its commitment to social responsibility and support for the financial stability of the community, Oman Arab Bank (OAB) has launched a pioneering initiative to waive outstanding debts for a number of its distressed customers. This initiative is part of the bank’s ongoing efforts to promote economic development and alleviate financial burdens on individuals facing challenging economic circumstances.

Through this initiative, the bank aims to empower affected customers to regain financial stability and start anew with better opportunities for economic security. This step also reflects the bank’s vision of building a sustainable relationship with its customers, founded on trust and mutual support, contributing to economic and social growth in the Sultanate of Oman.

Commenting on the initiative, Sulaiman Al Harthi, CEO of OAB, stated: “At OAB, we believe in standing by our customers during difficult times. This initiative reflects our firm commitment to supporting the community and fostering sustainable development. Through this effort, we aim to ease the financial burdens of those most in need—individuals who have faced unforeseen circumstances that have affected their ability to repay. We emphasize the importance of solidarity and cooperation between financial institutions and society in fostering a more stable and equitable economic environment.”

This initiative aligns with the bank’s strategy to enhance financial sustainability by providing innovative solutions to support customers and ease their financial burdens. These solutions include loan restructuring, partial debt forgiveness, and installment deferrals during religious occasions, among other measures. Such efforts contribute to improving individuals’ quality of life and strengthening the local economy in alignment with Oman’s economic and social development goals.

Al Harthi added: “As a leading institution in Oman’s banking sector, OAB embraces a broad approach to social responsibility, encompassing all aspects of comprehensive and sustainable development. The bank is committed to engaging with the community and its customers through participation in events, forums, and exhibitions, as well as supporting NGOs, charitable organizations, volunteer work, and awareness campaigns.”

Since the launch of Oman Vision 2040, OAB has been actively aligning with its objectives by accelerating its transformation into a modern banking institution focused on digital services and enriching the customer experience. The bank has introduced a variety of innovative initiatives and programs to develop national talent and leadership, supporting career growth and fostering the success of entrepreneurs in self-employment and business ventures. Additionally, OAB has significantly expanded its initiatives to contribute to the advancement of healthcare and education services, as well as the overall development of the financial and banking sectors.

The CEO of OAB expressed his delight at the bank’s strong community recognition and the prestigious awards it has received in appreciation of its innovative and advanced services. He also highlighted the bank’s commitment to corporate social responsibility (CSR), emphasizing its role as one of the leading institutions supporting various CSR programs that create a lasting impact on community development.

OAB is one of the leading banking institutions in the Sultanate of Oman. Since its establishment over five decades ago, the bank has achieved a series of milestones, keeping pace with the evolution of the banking sector both locally and internationally while actively contributing to sustainable economic development in the country.