Wednesday, October 27, 2021

Business News

Sohar International signs strategic tie-up with Ooredoo

The signing ceremony was recently held at the Bank’s head office and was attended by officials from the telecommunication company and the Bank.

TAS News Service

Saturday, September 18, 2021

MUSCAT : In a move that is projected to enhance everyday banking experience of its loyal customers and take its winning customer-centric formula forward, Sohar International has signed a strategic agreement with Ooredoo (Omani Qatari Telecommunications Company S.A.O.G.), to provide affordable and convenient payment options for its credit card holders through its Easy Payment Plan. 

Following this new agreement, the Bank’s credit card customers will now be able to avail Easy Payment Plans (EPP) on a minimum spend of OMR 100 at Ooredoo, and convert their purchases into smaller installment payments for a fixed period of time, which ranges from 3, 6, 12, or 24 months, at a benchmark interest rate of 0%.

The signing ceremony was recently held at the Bank’s head office and was attended by officials from the telecommunication company and the Bank.  Representing Sohar international was Mr. Khalil Salim Al Hedaifi, Chief Retail Banking Officer and representing Ooredoo was Mr. Abdul Razzaq Al Balushi, Chief Financial Officer.

Speaking about the Bank’s collaborative way forward, Mr. Khalil Salim Al Hedaifi noted, “Sohar International is on a path to develop a collaborative ecosystem of world-class products, services and financial advisory that are aimed at providing an enriched customer experience. The tie-up with Ooredoo is yet another milestone in this journey, as the bank has structured its functionality and operational network on the ‘winning together’ philosophy that has rightfully become our corporate credo. The objective is to incorporate financial flexibility into everyday transactions, thereby creating a newer platform for customers to conduct their transactions. At every step of their relationship with us, we want to provide them with ease and convenience of purchase, and also turn their dreams into reality by making aspirational products affordable.”

Explaining it further, he said, “The plan is structured to enable customers to convert their transactions with convenient 0% installments. For purchases over OMR 100, customers can now opt for payment periods of 3, 6, 12 or 24 months. We want our customers to experience financial freedom that comes with such flexible options. It underscores the mood in the market, which is slowly turning upbeat with expectations of economical buoyancy in the coming months.”

Mr. Abdul Razzaq Al Balushi stated, “This agreement comes at just the right time, and these easy and convenient payment plans will make a real difference to many of our customers. As the country opens up and the economy bounces back, we’re excited to be partnering with Sohar International, to lead the way in making our services more affordable than ever before, so even more people can enjoy the internet with us.”

Equipped with an ambition to take on the world, the new agreement has demonstrated, yet again, that Sohar International is indeed a world—leading Omani service company that continues to leverage its human and physical capital to create easy and convenient options to enhance customers’ banking experiences. With the promise of putting ‘Winning in your hand’, the bank’s strategic tie-ups bring its customers closer to their dreams.