MUSCAT, 14 December 2012 – With only two weeks to go for the RO 1 million al Mazyona year-end grand prize from Bank Muscat, customers from Sharqiyah governorate celebrated the Sultanate's flagship savings scheme at a ceremony held in Sur under the auspices of H.E Shaikh Ahmed bin Mohammed Nasser Al Nadabi, Wali of Sur. A large turn-out of customers and bank officials attended the event which highlighted prudent savings habits. The guest of honour H.E Shaikh Ahmed picked the nine al Mazyona monthly prize winners who received RO 30,000 each.
Yousuf Al Rawahi, Regional Manager – Sharqiya, thanked the dignitaries attending the ceremony. Al Rawahi said: “The series of big prizes from Bank Muscat is the major attraction of al Mazyona which offers fair and transparent winning chances for all segments of customers. Following on the three quarterly prize draws offering RO 300,000 each, the focus now is on the climax of al Mazyona's RO 1 million year-end grand prize."
Al Rawahi added: “al Mazyona reaffirms the bank's vision and constant efforts to fulfill the aspirations and ambitions of the largest banking family in Oman. The flagship savings scheme has won the hearts of people and succeeded in linking to issues benefitting society. The bank attaches great importance to inculcating prudent savings and spending habits and has tailored al Mazyona scheme with this objective in mind."
For the RO 1million grand prize eligibility, customers are required to maintain RO 1,000 minimum balance for all months. The grand 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.
An added 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. This provides high savers with the best chance to win the year-end RO 1 million prize.
al Mazyona offers one of the biggest prize money in the savings scheme history in Oman. This year, Bank Muscat sprung a big surprise, taking the total prize money 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. 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.
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. Bank Muscat 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 136 branches in Oman.