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Excitement builds up as RO 300,000 al Mazyona prize draw to be held on 5 July in Salalah

MUSCAT, 12 June 2012 – Excitement has started building up for Oman's popular al Mazyona Savings Account holders as the second quarterly prize draw of RO 300,000 will be held on 5 July in Salalah as part of the Khareef Festival celebrations. A high point in the calendar of big prizes from BankMuscat, al Mazyona offers one of the biggest prize money in the savings scheme history in Oman.

This year, BankMuscat sprung a big surprise, taking the total prize money of al Mazyona Savings Scheme to a whopping RO 6 million with unparalleled winning chances for all segments across the Sultanate. Notably, the 2012 al Mazyona stands out as 'My scheme' for all individual segments as attractive prizes are earmarked for ladies, children, salaried employees and high savings balance customers in all regions. As on date, the scheme offers the biggest prize money in Oman and the region.

al Mazyona 2012 scheme reflects innovative customer segmentation based on two principles - region and demographics – ensuring a higher winning chance to all customers across the Sultanate, including ladies, children and salaried employees. The 2012 al Mazyona scheme offers exciting weekly, monthly, quarterly and grand prizes. Winning with al Mazyona has never been simpler as customers are not required to block their money for long or wait for a long time to win the big prize.

The weekly prizes include RO 3000 each for 10 guaranteed winners from the governorates, including one lady customer holding Zeinah savings account. Customers are required to maintain RO 100 minimum balance for the weekly prize. Keeping in mind the large percentage of customers from Muscat and Batinah, three weekly prizes are given away to customers from Muscat, two prizes to customers from Batinah and one prize each to Dhakliya+Wusta, Dhahirah+Musandam, Dhofar and Sharqiya governorates.

The monthly prize is an exciting RO 30,000 each for nine winners covering the governorates. For eligibility, customers are required to maintain RO 1,000 minimum balance for one month. Three prizes are given away to customers from Muscat, two prizes to customers from Batinah and one prize each to Dhakliya+Wusta, Dhahirah+Musandam, Dhofar and Sharqiya governorates.

The quarterly prize significantly raises the appeal of al Mazyona, particularly for high savers. The big prize is RO 300,000 every three months. For eligibility, customers are required to maintain RO 1,000 minimum balance for three months. For every RO 1000 balance maintained by them, they get 10 chances each.

The climax of al Mazyona is the year-end grand prize of RO 1 million. For eligibility, customers are required to maintain RO 1,000 minimum balance for all months. This prize is earmarked for customers who consistently maintain a healthy savings of at least RO 1000 every month. Their chances keep on increasing month after month with a minimum of 10 chances every month.

A continuing attraction is that the winning chances get multiplied by the number of years customers are associated with al Mazyona savings scheme. For example, a customer who has been saving for 5 years will multiply his winning chances by 5 times, while another customer who has been saving for 20 years will be able to multiply his winning chances by 20 times and so on. This benefit is unique only to al Mazyona savings scheme holders and no other bank offers this, as on date.

In order to maintain the tradition of providing complete transparency of the scheme,  al Mazyona prize draws are conducted at public places and certified by external auditors - Ernst & Young - a member of the Big 5 consulting firms. BankMuscat pioneered this proactive step and is proud to continue this tradition in Oman which communicates good governance and transparency.

Over the years, al Mazyona has succeeded in inculcating a strong savings culture in Oman. The flexible scheme makes regular saving easier and is available across the largest network of 131 branches in Oman