Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Oman- Bank Sohar's Al Mumayaz grand draw to see 13 winners this month  Join our daily free Newsletter

MENAFN - Muscat Daily - 07/01/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN - Muscat Daily) With the conclusion of the fourth quarter of the year 2013, Bank Sohar is all set to host its yearend grand draw of the Al Mumayaz Savings Scheme in mid January, 2014. The grand draw will witness 13 lucky customers walking away with bumper cash prizes of RO777,000. After a successful year of organising events and road shows for the Al Mumayaz Savings Scheme, the time has finally come where Bank Sohar will conduct the year-end grand draw and announce the winners of the popular Save and Win' scheme.

 In addition, the popular hourly draws will continue till January 2014, after which a new innovative prize draw scheme will be launched for 2014. While highlighting the grand draw details, R Narasimhan, DGM and head of retail banking, mentioned that one lucky winner will receive RO600,000. In addition to this, a regional winner will receive RO7,000. A special scheme for children was introduced this year and thereby ten lucky minors will walk away with RO7,000 each; totaling RO70,000.

As an added bonus, anyone who maintains a higher minimum average balance of RO10,000 will be eligible for an exclusive prize draw of RO100,000. Overall, Bank Sohar is poised to reward its clients with healthy savings habits with prize amounts totalling to more than three quarter of a million in the grand draw itself. Also, it is the only bank which introduced the hourly draw scheme for its customers in this market.

Narasimhan, said, ''The year end grand draw is the most exciting time for all of us at Bank Sohar as well as our customers as we are all set to give huge cash prizes under the Al Mumayaz Savings Scheme.'' He added, ''I would like to wish all our customers the very best of luck in the upcoming year end grand draw as well as encourage them to continue saving more in future.''

The Al Mumayaz Savings Scheme for 2013 from Bank Sohar provided a major incentive for customers to save money for their future, as well as giving customers an opportunity to win fabulous prizes throughout the year. The bank achieved this by offering a better chance of winning to those that save more into their account.

Customers had four chances for every minimum average balance of just RO100 maintained in their accounts for any of the above draws, apart from the exclusive prize draw which required the aforementioned minimum average balance of RO10,000 and the grand draw of RO600,000 which required a minimum balance of only RO1,000. Additionally, children's savings accounts had double the chance of winning compared to a standard saving account, giving eight chances for every minimum average balance maintained. Accounts maintained in AED are also eligible to participate in the Al Mumayaz Savings Scheme draw


Muscat Daily

  MENA News Headlines
 Nov 29 2015 - A pillar of medical treatment is under threatAl-Anbaa
(MENAFN - Al-Anbaa) When you're sick, you expect the medicine a doctor gives you to work. But the effectiveness of one of the most important types of drugs - antibiotics - is under threat.Most people ...

 Nov 29 2015 - Dubai Tourism to promote Kerala as tourist destinationKhaleej Times
(MENAFN - Khaleej Times) Dubai Tourism has decided to promote Kerala as a destination, a top official said after meeting Chief Minister Oommen Chandy on Saturday.Director of Dubai Tourism Majid Al ...

 Nov 29 2015 - A warm UAE welcome: Sir Bani Yas Island receives cruise linersKhaleej Times
(MENAFN - Khaleej Times) Abu Dhabi's Sir Bani Yas Island, which is the Arabian Gulf's first cruise beach stopover, has started welcoming cruise liners.Last week, two luxury cruise vessels made their ...

 Nov 29 2015 - Let Dubai accessorise youKhaleej Times
(MENAFN - Khaleej Times) With Dubai becoming the fashion capital of the region, the style of this city is very much being influenced by its culture. Cosmopolitan, with a love of the good life, it ...

 Nov 29 2015 - KFAED, AOAD sign USD-1-mln grant agreementKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Kuwait Fund for Arab Economic Development (KFAED) signed here Saturday a USD-one-million loan agreement with the Arab Organization for Agricultural ...

 Nov 29 2015 - Perfect racing conditions in Abu DhabiKhaleej Times
(MENAFN - Khaleej Times) Can you put a price on the Formula One experience of a lifetime? According to research, when it comes to the Abu Dhabi Grand Prix, it starts at about $5000. For that money ...

 Nov 29 2015 - Kuwait- Budget sustainability vital issue recommended by studies - Min.Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The topic of budget sustainability is a vital one that was recommended by previous studies, Minister of Social Affairs and Labor and Minister of State for ...

 Nov 29 2015 - Car bomb kills 5 people, injures 15 others in N. IraqKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) At least five people were killed and 15 others wounded on Saturday in a car bomb explosion in northern Iraq, an Iraqi police source said.A bomb car by a bomber ...

 Nov 29 2015 - UAE, Jordan to improve efforts in innovationMENAFN
(MENAFN) The UAE Ministry of Economy and the Jordanian Ministry of Industry, signed a note of understanding imagining a wide-ranging assistance between the two nations.Moreover; this three-year ...

 Nov 29 2015 - Mariah Carey doesn't acknowledge ageKhaleej Times
(MENAFN - Khaleej Times)Mariah Carey, 45, is not too concerned with age. "I think I have to remain eternally oblivious to age," she told people.com, adding: "Honestly, when you put a number on it ...





Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help