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Rentals high in UAE, Saudi Indian workers to receive pension scheme

This week Omantel was adjudged by AIWA Magazine the best Corporate Citizen Of The Year and the Most Outstanding Corporate Leader. The awards were given considering the performance of businesses in Oman for the year 2012. Meanwhile, Nawras received this week the Jury’s Distinction Award for Customer Service Excellence from the Ministry of Commerce and Industry while Bank Sohar was adjudged the fastest growing bank in Oman by the AIWA. Its excellent service in the last five years has been taken into account to adjudge it as the fasting growing bank in Oman and this is the second occasion that the Bank was honoured in this regard.


The UAE Central Bank this week officially announced the liquidation of branches of BCCI (SA) in Oman. The Ministry of Economy will register the finality of the liquidation and will erase the branches’ names of the bank from the commercial registry. The ministry will also notify the Justice Ministry and the related other institutions about the matter in accordance with the liquidation plan, it was reported. Meanwhile, in June in UAE the average rent of houses and apartments witnessed the highest annual increase, the National Bank of Abu Dhabi statistic show. A monthly report issued by the bank in last month notified that average rentals in International City, Jumekirah Lake Tower and Business bay have been increasing by 1.5 cent in June and as per annual average they has been
increasing 34.6 percent.

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Join Bank Sohar for their 3-day Carnival at Muscat City Centre at Al Seeb

Muscat, July 04, 2013: Bank Sohar will be holding a three-day carnival at the Muscat City Centre starting today and would like to invite the general public to come for this fun filled event and join in the festivities. The three day event, which will run from July 04 to July 06, will include the unveiling of the Bank Sohar and Oman Road Safety Association’s (ORSA) ‘Traffic Safety Village’, the second quarterly draw for the Bank’s Al Mumayaz Savings Scheme and the second Credit Card ‘Mystery Sahara’ promotion draw.


The Carnival will officially commence this evening at 7 pm and will feature a host of activities for families, children and adults alike. Additionally, there will be a fun quiz, spot prizes and giveaways for participants. Among the highlights for the children will be face painting, magic shows and distribution of balloons.


Each of the three Carnival days will follow a certain theme. The bank will today be promoting its “Be Safe... Be Responsible” road safety campaign. As part of its ongoing campaign - Bank Sohar, in partnership with Oman Road Safety Association, will be launching a series of Traffic Safety activities and road shows in the morning at Muscat City Centre. The event will also include the launch of the ‘Traffic Educational Village’ where volunteers from the association will be available in order to raise the visitor’s awareness and encouraging positive traffic habits.

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al Mazyona quarterly prize draw winners feted

MUSCAT, 3 July 2013 – Bank Muscat, the flagship financial services provider in the Sultanate, marked a celebration to fete al Mazyona quarterly prize draw winners at the bank’s head office. Ten customers covering all the governorates, including one Priority Banking customer, won RO 50,000 each in the first quarterly prize draw of the 2013 al Mazyona savings scheme offering a prize basket of RO 7 million. The lucky winners who shared the RO 500,000 bonanza were welcomed as Priority Banking customers at the ceremony attended by the bank’s senior Management.

Customers maintaining a minimum balance of RO 1000 for 3 months get a chance to win the big quarterly prize of RO 50,000 each. The longer the saving, higher the chances to win.

Said Al Badai, DGM – Branches, said: “We congratulate all al Mazyona quarterly prize winners who represent the responsible generation aware of the need to maintain prudent savings habits. Customers banking with Bank Muscat in all parts of the country are rewarded with attractive prizes and personalised services. al Mazyona reaffirms the bank's vision and constant efforts to fulfill the aspirations and ambitions of the largest banking family in Oman. The flagship savings scheme has won the hearts of people and succeeded in linking to various issues benefitting society. The bank attaches great importance to inculcating prudent savings and spending habits and has tailored al Mazyona scheme with this objective in mind. The series of big prizes from Bank Muscat is the major attraction of al Mazyona which offers fair and transparent winning chances for all segments of customers.”

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Bank Sohar recognised as the Top Bank amongst Large Corporate Enterprises in Oman at AIWA Awards

Receives accolade at the AIWA Awards for the second year


Muscat | July 02, 2013: Celebrating yet another remarkable achievement as Oman’s fastest growing bank, Bank Sohar is proud to announce that it has been ranked as one of the top five large corporate enterprises in Oman at the recent Alam Al Iktisad Wal Amaal (AIWA) Awards. Recognising the Bank’s impressive performance over the past six years, the award win for the second year is a resounding endorsement of the bank’s high customer service standards and their ongoing plans for growth.


The event held at the Shangri-La’s Bar Al Jissah Muscat on July 01, 2013, was attended by the crème de la crème of Oman’s corporate world. At the glittering ceremony, Bank Sohar was saluted as one of the top five achievers in the large corporate sector and the top Bank within the Sultanate. The event also saw Dr. Mohamed Bin Abdulaziz Kalmoor, CEO of Bank Sohar, receive the prestigious award from H.E. Eng. Ahmed Bin Hassan Al Dheeb, Undersecretary Ministry of Commerce and Industry and H.E. Abdullah Bin Salim Al Salmi, Executive Vice President of the Capital Market Authority (CMA). The premium event attracted more than 250 top business leaders, CEOs and Senior Government Officials from a cross-section of industries, Ministries and Government Bodies. Also in attendance were government officials, corporate executives and well known business figures.

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Bank Muscat wins Best Bank award by Banker Middle East

MUSCAT, 2 July 2013 – Bank Muscat, the flagship financial services provider in the Sultanate, has won the Best Bank in Oman award by Banker Middle East. Omar Musafir, Chief Representative Officer, UAE Representative Office, received the award at a ceremony in Dubai attended by senior bankers from the region.


AbdulRazak Ali Issa, Chief Executive, said: “Bank Muscat is delighted to be chosen once again for the Banker Middle East award which attests its unrivalled position in Oman. The award endorses our efforts by the financial world and inspires us to aim higher to benchmark our performance. Year on year, the bank adopts new initiatives to stretch its operational excellence. A keen perception of customer requirements enables the bank to remain focused on developing products and services in line with the current and emerging needs.  Going forward, Bank Muscat seeks to ensure it retains the competitive edge in the market.”

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Bank Muscat wins customer service excellence award

MUSCAT, 30 June 2013 – Bank Muscat, the flagship financial services provider in the Sultanate, shared top honours in the 2nd Oman Customer Service Excellence Awards hosted by Oman International Trade & Exhibitions under the auspices of the Ministry of Commerce and Industry and Ministry of Tourism. Thania al Jahdhamy, Head - Customer Services & Quality, received the Excellence in Innovation for Customer Experience Management award which recognised the bank’s innovative measures to provide unique services to customers and citizens.

Thania al Jahdhamy said: “Bank Muscat is proud to be recognised for its innovative customer service practices. The bank is committed to exceed customer expectations and set benchmark standards in delivering customer service. Over the years, the bank has improved customer services through innovations and best practices, putting customers as the focus of the organisation.”

Bank Muscat has adopted an aggressive strategy to manifest its ‘We Can Do More’ vision through open communication with customers. For Bank Muscat, customer-centric strategies have always been and remain paramount to drive the flagship financial services provider.

Thania Al Jahdhamy added: “The bank is committed to quality customer service and its focus to continuous improvement is reflected in effective communication, ongoing staff training and initiation of major projects to improve customer service and operational efficiency, thereby benchmarking the quality of products and services to international standards.”

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Bank Sohar Receives the “Golden Award for Quality & Business Prestige”

Muscat, June 30, 2013: In recognition of their management system, communication and rapid development as one of the fastest growing banks in the region, Bank Sohar recently received ‘The Golden Award for Quality & Business Prestige’ from the French based ‘Otherways Management & Consulting Association' at a glittering awards ceremony in Italy.

“In the 14 year history of Otherways Management & Consulting Association, Bank Sohar is the only Omani bank to have been selected for this award.  We are truly proud to be presenting the evolving Omani banking sector on the world stage and represent it in this prestigious award,” said Dr. Mohamed Abdulaziz Kalmoor, CEO of Bank Sohar. “We at Bank Sohar consider this award as a valuable tool in furthering our objectives and a testimony of our efforts in achieving constant improvements in our business development and quality.”

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Bank Muscat SME workshop highlights marketing opportunities

MUSCAT, 29 June 2013 – Offering yet another opportunity for aspiring entrepreneurs to identify the building blocks for establishing successful SMEs, Bank Muscat SME department in collaboration with International Finance Corporation (IFC) hosted a workshop on ‘Assessing Marketing Opportunities’ at the bank’s head office. The workshop conducted by expert trainers evoked good response, highlighting the growing importance of the SME sector for the country’s youth.

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Bank Sohar Lends a Hand to Al Amal School for the Deaf

Muscat | June 26, 2013: In yet another pioneering initiative towards empowering differently-abled children in the Sultanate, Bank Sohar made a significant donation to the Al Amal School for the Deaf towards creating a better environment for children who are hearing impaired. The cheque was handed over to the Association representativeat the Bank Sohar Head Quarters by Mr. Mazin Mahmood Al Raisi, AGM & Head of Marketing &Publicity.

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