Business News

Bank Muscat holds special draw on Omani Youth Day

TAS News Service
October 27, 2020 6:19 pm

MUSCAT: Bank Muscat, the leading financial services provider in the Sultanate, celebrated the Omani Youth Day on October 26th with a special draw for its Shababi account holders. Fifty lucky customers won prizes of RO 500 each in the Shababi special draw, which was held in the presence of Amjad Iqbal Al Lawati, Assistant General Manager – Cards and Electronic Banking, Bank Muscat, and livestreamed on the bank’s official social media channels on Twitter and Instagram. The Shababi Day appreciates Omani youth and their efforts and their role in nation-building. The online celebrations telecast by the bank featured a number of young achievers who discussed the opportunities available for Omani youth to develop and harness their energies and talents for the good of the community and for nation-building. 

Speaking on the occasion, Abdullah Tamman Al Maashani, Deputy General Manager – Institutional Sales and Product Development, Bank Muscat, said: “Our youth are the future of our country and as the nation’s leading financial institution, Bank Muscat aims to provide the motivation for youth to excel in all arenas and thereby contribute to the development and progress of Oman. Bank Muscat recognises the goals and aspirations of its customers, especially the youth, who are the future of the country. The special draw and monthly prizes are a way to encourage them to save more for the future and there is no doubt that it leads to the building of a strong financial culture amongst our youth and the strengthening of our economy and society.”

Shababi accounts can be opened by youth between the ages of 18 and 23 years. It comes with a number of benefits including no minimum balance fee, the Shababi contactless debit card, exclusive competitions on social media, and participation in the Shababi monthly draw. Bank Muscat’s Shababi Debit Card is a contactless card which helps Oman’s youth to learn early to spend, save and manage their money and has a daily withdrawal limit of RO 600. It allows for a number of discounts and special offers at selected merchants. All customers who have a minimum balance of RO 10 are eligible to enter the Shababi monthly draw in which 50 winners win RO 100 each every month. Shababi account holders are also eligible to apply for contactless wristbands, which can be used to make contactless payments at different merchants and points of sales (PoS), similar to a contactless debit card. The wearables, which are the first of their kind in the Sultanate, will allow customers to complete transactions with a single tap at the POS Machine without the need to enter their PIN, with a limit of RO 40 per transaction and multiple transactions up to a total of RO 60 daily. More details regarding the Shababi account are available at https://www.bankmuscat.com/en/accounts/Pages/details.aspx#shababi or by calling 24795555.

The 2020 Al Mazyona scheme offers the biggest prizes in Oman with a total of RO 11 million to be won through the year during monthly draws and draws on special occasions including National Day, Women’s Day draw, Mid-year draw and the End-of-Year draw. Both the number of Al Mazyona prizes and the total prize money have been increased this year, with the total number of winners in the 2020 scheme going up by around 50% to 6,677 winners. 

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