Bank Sohar hosts first monthly prize draw

MUSCAT: The first monthly draw of the Al Mumayaz Savings Scheme 2014 was held recently at the final match of the Teacher’s Football League at Al Seeb Stadium which was co-sponsored by Bank Sohar.

According to a press release, the monthly draw for customers as well as minor children has been introduced as part of the bank’s innovative prize draw scheme this year. The monthly draw was conducted under the patronage of Dr Hamoud bin Khalfan Al Harthy, the undersecretary at the Ministry of Education for Education and Curricula. Also, present on the occasion were Salim bin Khamis Al Maskari, Senior AGM – Branches at Bank Sohar together with Khamis bin Masoud Al Rahbi, AGM – Branches along with Bank Sohar capital area branch managers.

Forging ever stronger bonds with the local community, the sponsored football league was formed specifically for the teachers and management of 17 schools within the wilayat of Al Seeb. The league saw a participation of over 1,200 members of staff and management from 17 schools. To the cheers of the crowd gathered at the stadium, one lucky customer from Bank Sohar’s Barka branch walked away with the monthly grand prize of OMR45,000, while five lucky minors won OMR1,000 each.

Commenting on the bank’s sponsorship of the football league and the draw, R. Narasimhan, DGM and head of Retail Banking, Bank Sohar added, “Love for the sport of football is deeply instilled in the hearts of people in the Sultanate. As a result, events such as these offer a very valuable opportunity to get closer to the community. Fortuitously, hosting our first monthly draw in 2014 at the event was the perfect way to add to the excitement and have the community share in the joyous celebrations.”

Narasimhan added, “Our Bank closely associates with schools, colleges, universities and the Ministry of Education. We firmly believe in the contribution of education institutions in upbringing our younger generation as responsible citizens and while shaping their career aspirations and future employment opportunities which directly contribute to the economy and progress of the Sultanate.”

The bank is always on the lookout for the most rewarding ways in which to thank its customers for saving. Following the huge success of last year’s campaign and based on its outcome and market feedback, the bank has developed the 2014 Al Mumayaz Savings Scheme with even more prizes. In fact this draw is only the first of numerous grand draws to be conducted every month for the remainder of this year, as well as the half yearly and year end grand prize draws.

For 2014 Bank Sohar has taken its new savings scheme a step further by proving bigger incentives to save, and by offering even more prizes. Starting from the five hourly prizes of OMR1,000 every day from Sunday to Wednesday, the 2014 Al Mumayaz Savings Scheme has now also been introduced with weekly prize draws where one lucky saver will receive OMR5,000. Also new in 2014 is the monthly draw with a prize pool of OMR50,000, the first of which was held last Wednesday at the Al Seeb Stadium.

Meanwhile, the bank is also proud to introduce a half yearly prize draw worth more than a quarter of a million rials, with two lucky savers winning OMR100,000 each, one exclusive winner receiving OMR50,000 and one lucky minor receiving OMR5,000. Meanwhile, the year-end prize draws now boasts a prize pool of over half a million rials, with one lucky saver winning OMR500,000, one exclusive winner receiving OMR50,000 and one lucky minor receiving OMR5,000.

“I would like to take this opportunity to congratulate the teachers of Ahmed bin Nouman School on winning the football tournament and also to warmly congratulate the winners of our first monthly draw. I would also like to wish all our customers the very best of luck and encourage them to continue saving to increase their chances of taking home the grand prize in the draws to follow,” said Narasimhan.

In addition to the prizes, the savings scheme has also undertaken a new approach aimed at creating awareness among the public about the importance of saving for their future. In line with this approach, the bank is providing saving tips in various aspects of life which will help customers to save more and invest their hard earned money more productively.