MUSCAT, 04 September 2013 – Shababi, the first youth banking service in Oman from Bank Muscat, participated in Salalah Tourism Festival with an array of events as part of its commitment to engage the youth beyond banking. The monthly Shababi prize draw was held on the occasion in which 10 winners received RO 300 each.
Amjad Hassan Al Lawati, Head – Products and Services Management, said: “Shababi represents the country's youth who are the future of Oman. Shababi, the first youth banking service in Oman, aims to engage the youth beyond banking, offering varied opportunities like sports, games, arts and entertainment to support their lifestyle activities. Notably, Shababi encourages the youth from an early age to develop a savings habit, thereby creating a positive social and economic impact in Oman.
Amjad Hassan Al Lawati added: “As the nation's leading financial institution, Bank Muscat seeks to utilise all opportunities in reaching out to people. Salalah Tourism Festival, which concludes on Friday (6 September), perfectly fits the corporate ethos of Bank Muscat in serving the largest banking family in Oman as well as visitors from around the world. While Salalah offers a rewarding experience to enjoy nature's bounty, Bank Muscat complements this experience by facilitating banking convenience to all."
Bank Muscat extended lead support to Salalah Tourism Festival. The bank stalls adorned the festival venues where the bank personnel were on hand to familiarise visitors on various special promotions and campaigns linked to services and products offered by the bank. Bank Muscat ATMs and CDMs offered superior levels of banking convenience and connectivity to the festival visitors and tourists. Aimed at inculcating the savings culture, the bank hosted various programmes at the festival, including al Mazyona quarterly draw offering prizes worth RO 500000.
Bank Muscat launched the exclusive Shababi package for youth to support their lifestyle and encourage the savings habit. Shababi is targeted at youth in the age group of 18 to 25 years who are pursuing higher education in university / colleges. Over 23 per cent of the Omani population comprises youth in the age group of 18 to 25 and Shababi fulfills the long-felt need of specialised banking services for this segment.
The customised Shababi package includes special savings account with a lower minimum balance requirement of RO 10. Shababi customers are charged only 250 baisa for lower minimum balance. The package also includes free internet banking, free mobile banking and a colourful and youthful free branded debit card valid for 5 years.
A dedicated web portal (www.bankmuscat.com/shababi) is available for Shababi customers to keep themselves updated on events, activities and promotions available with partner establishments, including sports shops, restaurants and entertainment centres. Special competitions and activities are also organised for youth. In tie-ups with leading establishments, the youth also benefit from special offers, promotions and discounts. Shababi package is available for both Omani and expatriate youth studying in local or international colleges in Oman.
New Shababi account holders with a minimum balance of RO 10 qualify for the monthly draw in which 10 winners receive RO 300 each. With many new students starting colleges and universities this month, Bank Muscat welcomes them to open Shababi accounts and enjoy the best banking experience.