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BankMuscat steps up activities at Salalah Tourism Festival

RO 300,000 al Mazyona prize draw to be held on 5 July

MUSCAT, 1 July 2012 – BankMuscat, the flagship financial institution in the Sultanate, has stepped up activities celebrating the monsoon splendour and cultural heritage of Oman at Salalah Tourism Festival.

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 as part of the Salalah Tourism Festival celebrations. H.E. Sheikh Salim Bin Aufait Al Shanfari, Chairman of Dhofar Municipality and Chairman of Salalah Tourism Festival 2012 Organising Committee, will preside at the event. 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.

Yasir Salim Tabook, Regional Manager - Dhofar, said: “As the nation's leading financial institution, BankMuscat seeks to utilise all opportunities in reaching out to people. Salalah Tourism Festival perfectly fits into the corporate ethos of BankMuscat 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, BankMuscat complements this experience by facilitating banking convenience to all."

BankMuscat stalls adorn the festival venues where the Bank personnel are on hand to familiarise visitors on various special promotions and campaigns linked to services and products offered by the Bank. BankMuscat ATMs and CDMs offer superior levels of banking convenience and connectivity to visitors and tourists.

 The quarterly prize significantly raises the appeal of al Mazyona, particularly for high savers. The RO 300,000 big prize is given away 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.

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. 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.

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.

A continuing attraction is that the winning chances get multiplied by the number of years customers are associated with al Mazyona savings scheme. This benefit is unique to al Mazyona savings scheme holders.

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.

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 133 branches in Oman.

In all the previous editions of Salalah Tourism Festival, BankMuscat has been closely involved with the popular family holiday event. The partnership with Salalah Tourism Festival as main sponsor is an earnest attempt by BankMuscat to propagate the core family values held dear by Omanis.