Bank Sohar conducts Al Mumayaz Saving Scheme weekly draw in Barka branch

March 19, 2014 1:18 pm

Following the launch of the Al Mumayaz Savings Scheme 2014 in February, Bank Sohar reports a surge in customer interest with its new weekly draws, with the third weekly draw being held on March 13. The draw was concluded in a special ceremony at Bank Sohar’s Barka Branch and saw Al Shahad Hamed Al Ghadani (Minor) from the bank’s Suwaiq branch win OR5,000. The draw also marked the beginning of a bank-wide tour to promote the new saving draw scheme to customers in each of the bank’s 25 branches.

The third weekly draw was organised on 13th March at the bank’s Barka Branch and was presided over by HE Shiekh Mohammed Rashid Al Qanoubi, a Member of the A’Shura Council. Mr. R Narasimhan, DGM & Head of Retail Banking alongside other senior representatives of the Bank, welcomed the Chief Guest as well as the customers of the Branch. Mr. Saud Al Hadhrami, Acting Branch Manager, Barka Branch, Mr. Mazin Mahmood Al Raisi, AGM and Head of Marketing and Mr. Redha Al Lawatia, Head of Retail liabilities, were also present.

The event was inaugurated with a welcome speech by Mr. Redha Al Lawatia providing an overview of the 2014 Savings Scheme to all present at the event. The Chief Guest, HE Shiekh Mohammed Rashid Al Qanoubi, then conducted the draw to announce the winner of the third weekly draw.

Mr. R Narasimhan commented, “This year’s unique Al Mumayaz Savings Scheme together with the valuable tips and on improving client saving habits has received a tremendously positive response from our customers and the market. With frequent prizes and a minimum required balance of only RO 100, we provide a great line up of incentives for our current and potential customers to save and win.”

Following the success and popularity of last year’s Savings Scheme, in particular the hourly draws, the Bank has revised the new Scheme to provide even better incentives to save by offering significantly more prizes. In addition to the newly introduced Weekly draws of OR5,000 each, the OR1,000 Hourly draws make a grand return; these are awarded every hour, five times a day from Sunday to Wednesday. Also introduced as part of the new scheme are the Monthly draws, which will witness a prize pool of OR50,000 where one winner will receive OR45,000, while five minor account holders will win OR1,000 each.

Furthermore, the Bank is also proud to announce Half-yearly prize draws worth more than a quarter of a Million Rials, with two lucky savers winning OR100,000 each, one exclusive winner receiving OR50,000 and one lucky minor receiving OR5,000. Meanwhile, the year-end Prize Draws now boasts a prize pool of over half a Million Rials, with one lucky saver winning OR500,000, one exclusive winner receiving OR50,000 and one lucky minor receiving OR5,000.

The Bank also has an extensive network of ATM’s totalling 50 machines across the Sultanate, with 29 in the branches and 21 ATMs located off-site. In addition, Bank Sohar customers continue to enjoy the privilege of free-of-charge access to over 600 ATMs under the ‘OmanNet’ platform. Bank’s ATMs at Buraimi and Wajajah borders continue to operate with the ‘Dirhams Dispensing’ facility; thus adding immense convenience to businessmen who travel and transact business across the border on a regular basis, as well as to customers who visit the United Arab Emirates. The bank’s customers also enjoy the advantage of a Cash Deposit facility at all branch ATMs as another value-added service.

For more information please contact:
Malcolm X Crasta
Account Manager
Tel: +96824693236 (ext. 251)
Fax: +96824693606