Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

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 28 2014 - India says still searching for 39 workers seized in IraqArab News
(MENAFN - Arab News) NEW DELHI: India said Friday it was still searching for 39 construction workers abducted in Iraq in June denying a report claiming they had been executed by the Islamic State ...

 Nov 28 2014 - Gulf Asia approve steps to protect foreign workersArab News
(MENAFN - Arab News) KUWAIT CITY: Gulf and Asian labor ministers agreed Thursday on a series of initiatives aimed at boosting protection and improving conditions of employment for millions of foreign ...

 Nov 28 2014 - UAE hints at body to monitor forex pegThe Peninsula
(MENAFN - The Peninsula)   An advisory body to the UAE government has suggested that the central bank review the country's currency peg to the US dollar, but local bankers said any change to the peg ...

 Nov 28 2014 - Qatar bourse index down by 3.72pc last weekThe Peninsula
(MENAFN - The Peninsula)  Qatari bourse fell on heavy selloff on latest Opec pessimism on output cut. The benchmark index plunged by 1.39 percent to finish at 13,330 yesterday.The entire sector ...

 Nov 28 2014 - Qatar calls for creating Common Islamic MarketThe Peninsula
(MENAFN - The Peninsula)  Speaking on behalf of all Arab countries, Qatar's Minister of Economy and Commerce, H E Sheikh Ahmed bin Jassim bin Mohamed Al Thani, yesterday at the Ministerial Session of ...

 Nov 28 2014 - Saudis block Opec output cutThe Peninsula
(MENAFN - The Peninsula)  Saudi Arabia blocked calls yesterday from poorer members of the Opec oil exporter group for production cuts to arrest a slide in global prices, sending benchmark crude ...

 Nov 28 2014 - Don't bypass oil firm, Libya rival govt warnsThe Peninsula
(MENAFN - The Peninsula)  Libya's parallel government controlling the capital will take legal action against buyers of oil bypassing the Tripoli-based state oil firm National Oil Corporation (NOC), ...

 Nov 28 2014 - Qatar Airways partners with Coca Cola IPTLThe Peninsula
(MENAFN - The Peninsula)  Qatar Airways (QA) has teamed up with Coca-Cola International Premier Tennis League (IPTL) as the presenting sponsor for the inaugural edition of the event.The IPTL is the ...

 Nov 28 2014 - Aljazeera to hold global hackathonThe Peninsula
(MENAFN - The Peninsula)   Aljazeera is organising its first hackathon where some of the most innovative minds in media and technology from around the globe will work together and collaborate on the ...

 Nov 28 2014 - GCC 'Summit key to boosting unity'The Peninsula
(MENAFN - The Peninsula)  H M King Hamad bin Isa Al Khalifa of Bahrain yesterday met GCC Secretary-General Dr Abdullatif bin Rashid Al Zayani, who is on a GCC tour.King Hamad stressed the importance ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

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

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

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