Oman Arab Bank recently announced the launch of its new promotional campaign, which takes place from 15th September until 18th November 2020. The campaign commemorates Oman’s 50th National Day and signifies the five decades of the country’s transformation journey, which began under the guidance of the founder of its modern renaissance, the late His Majesty Sultan Qaboos bin Said bin Taimur – may his soul rest in peace, and is continued by His Majesty Sultan Haitham bin Tariq– may the Almighty preserve him – as he leads Oman and all its people towards further growth and prosperity.

As part of the promotional campaign, the first 500 existing customers to refer a friend, acquaintance or family member to open an account at OAB via the OAB Online App will each receive a guaranteed cash prize of OMR 50. The first 500 customers to open an account with OAB and transfer their salary of OMR 500 or more will receive a guaranteed cash prize of OMR 50. In November, every OAB customer will have the opportunity to be a part of a special Hasaad draw for a chance to win one of the 50 prizes of OMR 500 each.

Highlighting the importance of the campaign launch, Rashad Al Shaikh, Acting Head of the Retail Banking Division at OAB, said, “Oman’s 50th National Day is a significant occasion for all its citizens and marks an incredible milestone for the country. Therefore, we decided to make this occasion even more special and spread happiness to all our valued customers and the people of Oman. Emphasising on our slogan “The Power of 50”, we are extremely proud of all the accomplishments that have taken place throughout the last half-century, and we look forward to being a part of the vision of our wise ruler, who will lead us towards an even brighter future .”

As a part of the campaign, OAB’s Retail Division introduces a new service window on the OAB Online App that simplifies the new account nomination process. Existing customers can submit details of the person they are looking to nominate and the Bank will conduct a follow-up to check whether the nominees is interested in opening an account. Upon approval, the account will be opened, with a cash prize of OMR 50 deposited to the new customer’s account when they transfer their salary, as well as the account of the existing customer. 

“Since the 50th National Day marks the golden jubilee of the renaissance of Oman, our campaign was designed to reach out to the widest segment of potential customers, by involving the efforts of our existing customer base. In this way, we can show our gratitude and appreciation to our valued customers for their continuous loyalty and trust over the years. Despite the current challenges, OAB has achieved various milestones in 2020 and I am confident that this campaign will also add to our success, while simultaneously celebrating our nation’s progress.” 

OAB has a rich and proud history as one of the first financial institutions established in the Sultanate. Today, the bank operates a nationwide network of 55 branches and representative offices with 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking and corporate banking clients. On July 2020, after the completion of the merger between Oman Arab Bank and Alizz Islamic Bank, the bank has turned into a public joint stock company and its shares were listed on Muscat Securities Market.