Bank Sohar’s Al Mumayaz Savings Scheme Weekly Draw conducted at Khaboura branch

June 5, 2014 11:26 am

As part of its bank-wide tour to promote the Al Mumayaz Savings Scheme 2014; Bank Sohar recently hosted its RO 5,000 Weekly Draw under the Al Mumayaz Savings Scheme at its Khaboura Branch. The Bank has already successfully conducted similar draws in several branches with the aim to cover all 25 branch locations over the course of the year. The weekly draw, which took place on May 29, saw Mr. Rashid Ahmed Al Zaabi from the Bank’s Shinas Branch win the RO 5,000.

The event was presided over by Mr. Ibrahim Ali Al Macki, one of Bank Sohar’s VIP customers. Bank Sohar’s customers alongside executive and senior management of the Bank were present at the event to witness the draw. Mr. Mazin Mahmood Al Raisi, AGM and Head of Marketing and Publicity and Mr. Abdul Jalil Al Ajmi, Khaboura Branch Manager welcomed the Chief Guest who conducted the weekly RO 5,000 draw to reveal the name of the lucky winner.

The event was inaugurated with an overview of the Al Mumayaz Savings Scheme 2014 by Mr. Redha Al Lawatia, Head of Retail liabilities. Mr. Ibrahim Ali Al Macki then conducted the draw to announce the winner of the RO 5,000 Weekly Draw.

On this occasion, Mr. R Narasimhan, the DGM and Head of Retail Banking commented, “Bank Sohar has consistently been at the helm of innovative banking in the Sultanate and is committed to developing products which benefit customer’s long term requirements and objectives, whilst instilling the habit of saving. Our Al Mumayaz Savings Scheme 2014 is one such service that features an attractive prize structure encompassing a wider pool of customers and a significantly larger number of draws.”

For 2014, the Al Mumayaz Savings Scheme has been specifically tailored to meet different segments of the society with different capabilities of saving thereby ensuring that everyone gets a fair chance to win. Therefore and in addition to the Daily and Weekly Draws, the Bank also offers Monthly Draws of a prize pool of OMR 50,000 where one winner receives RO 45,000, while five minor account holders win OMR 1,000 each. To be eligible for the monthly draws, customers are required to maintain a minimum monthly average balance of RO 1,000 only. Furthermore, the draws for minor accounts require the customer to maintain a minimum monthly average balance of only RO 100.

“We are extremely pleased with the response we have received for the Savings Scheme and would like to offer our heartiest congratulations to Mr. Rashid Ahmed Al Zaabi from on his winnings. I would also like to wish all our customers the very best of luck in the upcoming draws,” added Mr. R Narasimhan.

It addition to the Savings Scheme and its other exciting products and offers, 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 withdrawing free-of-charge from over 1000 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 visit Bank Sohar’s official website at You can also follow the Bank on Facebook at, on Instagram at or join the conversation on Twitter @banksohar_excel.