Thursday 12, January 2017 by Nabilah Annuar

Bank Muscat brings back OMR 10 million prize money for 2017 al Mazyona savings scheme

In a bid to encourage a savings culture in the Sultanate, Bank Muscat, in step with its ‘Let’s Do More’ vision, has introduced a OMR 10 million prize money for 2017 al Mazyona savings scheme.

HH Mohammed bin Thuwaini Al Said unveiled the 2017 al Mazyona savings scheme and picked 2016 al Mazyona year-end prizes totalling OMR 1 million shared by two customers. The ceremony was attended by dignitaries, the Management Team members led by AbdulRazak Ali Issa, the bank’s Chief Executive, and the media at Al Mouj Golf, The Wave. 

Commenting on the programme, AbdulRazak Ali Issa, Chief Executive, said, “Continuing with the tradition of rewarding customers, Bank Muscat is proud to retain the biggest prize money in Oman and the region. For over 25 years, al Mazyona has rewarded numerous customers and enriched their lives. Big prize money is not the only attraction of al Mazyona, which is designed to transform the lives of prudent savers. The scheme is targeted to ac date all nationalities and segments, including ladies, youth, children, high-savings balance customers and salary account holders, thereby inculcating a strong savings habit among citizens who will be responsible for the future development of Oman.”

For the second consecutive year, Oman’s flagship savings scheme has retained the prize money at OMR 10 million. To date, the al Mazyona savings schemes is the biggest prize money in Oman and guarantees that that there is more for everyone to share.

Reaching out with a powerful call for savings, the highlights of 2017 al Mazyona savings scheme include high value prizes for different segments, including women, children, youth and high saving customers, ranging from OMR 1,000 weekly prizes to OMR 10,000 monthly prizes, OMR 25,000 quarterly prizes and OMR 100,000 annual prizes.

Adding excitement to festivals and national celebrations, the 2017 scheme rewards customers with special prizes. al Mazyona continues to be the only savings scheme to recognise and reward loyalty for customers based on their association with the bank.

High savings customers of asalah Priority Banking have chances to win OMR 30,000 monthly prizes, OMR 100,000 quarterly prizes, and OMR 250,000 year-end prizes.

Prizes reserved for al Jawhar Privilege Banking customers include OMR 20,000 monthly prizes and OMR 50,000 quarterly prizes.

Notably, al Mazyona has launched an exciting salary transfer scheme to reward winners with a fixed salary prize of OMR 500 every month for a year. This is the first time a prize scheme offering a fixed salary prize every month is being introduced in Oman. All that customers need to do is transfer their salary of OMR 500 and above to the bank. In all, 15 customers will be rewarded every month in the salary transfer scheme.

“At a time when financial rewards and incentives are a premium, Bank Muscat is proud to sustain the unique al Mazyona experience. The bank understands customer expectations and al Mazyona 2017 scheme continues to reflect innovative customer segmentation based on two principles - region and demographics – ensuring a higher winning chances to customers across the Sultanate, including ladies, youth ,children and high savings balance customers,” said Abdullah Tamman Al Mashani, Deputy General Manager—Institutional Sales & Products Development.

Abdulnasir Al Raisi, DGM—Premier Banking, said: “Bank Muscat understands customer expectations as al Mazyona 2017 scheme offering OMR 10 million in prize money is an incredible incentive for maintaining a healthy savings habit. al Mazyona ensures higher winning chances to all customers across the Sultanate. Bank Muscat is delighted to elevate Premier banking service to unparalleled heights. Committed to further enhancing banking services to the premier segment, the bank’s strategy focuses on differentiated and specialised banking experience distinguishing Premier banking clients from competitors.” 

Over the years, al Mazyona has succeeded in inculcating a strong savings culture in Oman. The objective of al Mazyona is to create a lifetime change for winners and allow them to invest the prize money in things that will make a lasting difference and the well-being of their families. The underlying principle of the scheme is that the greater the deposit balance and longer the relationship, the higher the chance of rewards. Customers can win more by saving more with Bank Muscat. The flexible scheme makes regular saving easier and is available across the largest network of branches across Oman.

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