BankMuscat Announces Winner Of Al Mazyona quarterly R.O 150,000 prize

In an event held at Lulu Hyper Market last week on 7th October 04 BankMuscat announced the lucky winner of the second RO 150,000 Al Mazyona quarterly draw. Mr. Mohammed bin Ali bin Said Al Lawati, Director General at the Ministry of Tourism, graced the occasion, conducted the grand prize draw on behalf of the Bank and announced the lucky winners.

Members of the senior management of Bank Muscat attended the draw including Chief Executive Mr. Abdul Razak Ali Issa who said on this occasion,

"We are delighted with the response that the Al Mazyona scheme has met with in the Sultanate. Al Mazyona is our flagship retail product and we consider the Al Mazyona prize draw a great opportunity for the Bank to give back to the community and spread happiness amongst people, even as we attempt to inculcate into them the habits of savings and prudent spending."

"Al Mazyona has long been the nation's favourite savings scheme, with prizes of 20,000 and 6 regional prizes of RO12000 every fortnight, and a quarterly bonanza of RO 150,000"added Mr. Abdul Razak

Al Mazyona RO 150,000 draw was a huge crowd-puller, with lots of gifts for members in the audience. The event was attended by a large number of people from across the capital area. Entertainment on offer during the evening included face painting, henna, a magic show and a series of popular numbers by the live band that was in attendance. Adding to the excitement was a host of raffle draws, singing competitions and on-the-spot quizzes.

The R.O. 150,000 Grand Prize Draw, which is held every quarter, is part of Bank Muscat’s flagship retail product, Al Mazyona, which offers a number of other cash prizes including RO 32,000 for which draws that take place every other Saturday. All customers who have in excess of RO 100 in their savings accounts are automatically entered into our fortnightly draws of RO 20,000 and regional draws of RO 2,000. To be eligible to participate in the series of RO 150,000 grand prize draws, customers must have a minimum average balance of RO 3,000 in their Saving accounts. The more the balance & longer the balance - greater are chances of winning the cash prizes.

About BankMuscat:

BankMuscat (SAOG) is the largest banking entity in Oman with a strong presence in Corporate Banking, Retail Banking, Investment Banking, Treasury, Private Banking and Asset Management. BankMuscat has a market share of 36.35% in terms of total assets, 37.96% of total credit, 34.49% of total deposits and 34.52%of savings deposits in the Sultanate as on 30 June 2004. The Bank has a network of 90 branches in Oman, a branch in Bahrain and a representative office in Dubai (UAE). The Bank has also recently acquired a 33% stake in Centurion Bank, a new private sector bank in India. The Bank had achieved an Omanization level of 91.18% as of June 30, 2004.

The international financial and banking community has lauded BankMuscat’s performance and pioneering efforts at setting new standards of excellence in the Banking industry in Oman and in the countries in which it operates across the region for several years now. The Bank was awarded the ‘Best Corporate Bank’ and ‘Best Retail Bank’ in Oman by The Banker Middle East magazine in February this year. It also received the ‘Best Trade Finance Bank, Provider’ and ‘Best Forex Bank and Provider’ and ‘Best Consumer Internet Bank’ in Oman awards by Global Finance magazine this year.

BankMuscat also holds the rare distinction of being voted the ‘Best Bank’ in Oman by Euromoney and Global Finance Inc., for the fourth time in a row and three times by The Banker. The Bank has also been awarded the People Development Award 2003 at the recently concluded Oman Awards for Excellence.