Wednesday, 31 May 2023
Bank Muscat retains biggest RO10mn prize money for 2018 Al Mazyona savings scheme

Bank Muscat retains biggest RO10mn prize money for 2018 Al Mazyona savings scheme

H E Dr Madeeha bint Ahmed bin Nassir al Shaibaniyah, Minister of Education, unveiled the 2018 Al Mazyona savings scheme guaranteeing more prizes for more winners in all regions at a grand ceremony attended by dignitaries, management team members led by Abdul Razak Ali Issa, chief executive, and the media at Royal Opera House Muscat Gardens.

The guest of honour also picked 2017 Al Mazyona year-end prizes totaling RO1.4mn, ranging from RO50,000 to RO250,000 shared by ten customers, on the occasion.

For the third year in running, Oman’s flagship savings scheme has retained the prize money at RO10mn.

As on date, Al Mazyona is the biggest prize money in Oman and the region.

Issa said, “For over 25 years, Al Mazyona has rewarded numerous customers and enriched their lives. Continuing with the tradition of rewarding customers, Bank Muscat is proud to retain the biggest prize money in Oman and the region.

“Big prize money is not the only attraction of Al Mazyona, which is designed to transform the lives of prudent savers.

“The scheme is targeted to accommodate all nationalities and segments, including ladies, youth, children, high savings balance customers and salary account holders, thereby inculcating a strong savings habit among citizens who will be responsible for the future development of Oman.”

Over the last five years, Al Mazyona has rewarded customers with over RO44mn in prize money. With guaranteed winners across the sultanate, the annual prize amount has significantly grown from RO6mn to RO10mn.

Reaching out with a powerful call for savings, the highlights of 2018 Al Mazyona savings scheme include high value prizes for different segments, including women, children, youth and high saving customers, ranging from RO1,000 to RO5,000 monthly prizes, RO50,000 end of year prizes.

High savings customers of asalah Priority Banking have chances to win RO20,000 and RO50,000 monthly prizes, in addition to end of year prize of RO500,000.

Prizes reserved for Al Jawhar Privilege Banking customers include RO10,000 and RO20,000 monthly prizes and RO100,000 end of year prizes.

Adding excitement to festivals and national celebrations, the 2018 scheme rewards customers with special prizes.

Al Mazyona continues to be the only savings scheme to recognise and reward loyalty for customers based on their association with the bank.

Notably, Al Mazyona has retained an exciting salary transfer scheme to reward winners with a fixed salary prize of RO500 every month for a year. All customers need to do is transfer their salary of RO500 and above to the bank. In all, ten customers will be rewarded every month in the salary transfer scheme.

Abdullah Tamman al Mashani, deputy general manager – Institutional Sales and Products Development, said, “At a time when financial rewards and incentives are a premium, Bank Muscat is proud to sustain the unique Al Mazyona experience. The bank understands customer expectations and Al Mazyona 2018 scheme continues to reflect innovative customer segmentation based on geographic, lifestyle and demographic segmentation, ensuring higher winning chances to customers across the sultanate, including ladies, youth, children and high savings balance customers.”

A special prize draw offering RO2,000 each for 50 winners from 14 regions will be held in celebration of Eid al Fitr.

An exclusive draw for Zeinah women customers coinciding with the Omani Women’s Day in October is another highlight in which 20 customers will be rewarded with RO5,000 each.

On the occasion of the sultanate’s 48th National Day, a special draw will be held offering RO3,000 each for 48 winners.

By maintaining a monthly balance of RO50, Al Mazyona Children’s account holders get a chance to win 40 monthly prizes of RO100 each.

Al Mazyona children’s account holders are also eligible for other al Mazyona prizes where they will get two chances by maintaining a minimum balance of RO100.

Youth customers opening a Shababi account with just RO10 get a chance to win RO100 every month. In all, there will be 40 winners every month in the youth category. Shababi account holders are also eligible for other Al Mazyona prizes by maintaining a minimum balance of RO100.

By maintaining a minimum balance of RO100, Zeinah women customers have the chance to win RO1,000 monthly prizes. In all, there will be ten monthly winners in the women category.

The RO10mn prize money will be shared by more winners as customers from all regions are guaranteed to win prizes.

Abdulnasir al Raisi, DGM -Premier Banking, said, “Bank Muscat understands customer expectations as Al Mazyona 2018 scheme offering RO10mn prize money is an incredible incentive for maintaining a healthy savings habit.

“Committed to further enhancing banking services to the premier segment, the bank’s strategy focuses on differentiated and specialized banking experience distinguishing Premier banking clients from competitors.”

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