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Mid East Info
02-06-2025
- Business
- Mid East Info
Oman Arab Bank Leads the Economic Empowerment Landscape in the Sultanate of Oman and is Crowned with the 'Outstanding Commitment to SME Growth and Empowerment' Award
Muscat. 2 June 2025. In a remarkable achievement that set the standard for banking expertise in the Sultanate of Oman, Oman Arab Bank's added to its growing record of success, proudly announcing it being the receipt of the 'Outstanding Commitment to SME Growth and Empowerment' award — a well-deserved recognition of a deeply rooted strategic vision and clear affirmation of the bank's pivotal role in leading the economic empowerment of entrepreneurs across the Sultanate. This award is not merely a celebratory milestone, but the natural result of an integrated journey of tireless effort, carefully structured plans, and a real investment in Oman's economic future. It reflects years of consistent dedication, culminating in the development of the bank's comprehensive Tumouhi ecosystem — the most inclusive banking platform designed to support SMEs on every level: financial, technical, digital, and advisory. Oman Arab Bank has transformed from a financial service provider into an active growth partner in the success stories of thousands of local companies by offering flexible, customizable financial solutions, including term loans, working capital financing, and a full range of trade facilities tailored to different stages of business development; however, the bank's role has never been limited to financing — it has built a fully integrated digital infrastructure aligned with global standards, including smart payment solutions such as Soft POS, payment links, full digital banking platforms, and dedicated corporate branches and regional cash centers. Even more, the bank has redefined SME support through structured training and empowerment programs like Ruwad Al Arabi , Women's Leadership Development , and Financial Literacy , as well as through strategic partnerships with national institutions like the SME Development Authority (Riyada) to organize entrepreneurial competitions and target ed empowerment campaigns across Oman's governorates. Recognizing that many freelance and informal businesses are often overlooked by traditional banking, Oman Arab Bank designed dedicated solutions that accommodate the unique needs of this segment — from street vendors and market traders to taxi drivers and independent service providers — thus driving tangible financial inclusion at the grassroots level. This ground-level presence has helped the bank expand its developmental footprint and reach underserved populations in a practical and meaningful way. Commenting on this achievement, Sulaiman Al Hinai, Chief Wholesale Banking Officer at Oman Arab Bank, stated: 'This award is a confirmation of what we have committed to from day one — to be a creator of opportunity, not just a responder; a builder of business ecosystems, not just a lender. We believe SMEs are not a complementary sector, but the economic center of gravity and the axis of national transformation toward sustainable growth.' He added, 'We don't just offer banking products — we provide a fully integrated environment of support, guidance, expertise, and networks to help every entrepreneur turn ideas into impact.' With this recognition, Oman Arab Bank once again proves that it is more than a bank — it is a vital developmental force helping reshape Oman's economic landscape and placing SMEs at the heart of the national equation. This aligns directly with Oman Vision 2040's priorities of economic diversification, productivity, youth empowerment, and building a knowledge- and innovation-driven economy. The Bank stands firmly present across every step of the SME journey — from funding to advisory, training to partnership, and digital solutions to on-the-ground support — forging ahead with an unwavering commitment to solidify its position as the number one partner for entrepreneurship in Oman, driven by a national vision, relentless ambition, and limitless potential.
Mid East Info
16-04-2025
- Business
- Mid East Info
OAB Sponsors the Inspirational 'Safar' Tour for Dialogues with Visionary Leaders - Middle East Business News and Information
Muscat – Oman Arab Bank (OAB) is sponsoring the inspirational 'Safar' tour, which was relaunched in April. The tour features a series of dialogue sessions with prominent Omani leaders and thinkers who share real-life experiences and enrich conversations around visionary thinking, innovation in leadership, and paving the way toward achieving the objectives of Oman Vision 2040. The tour kicked off with its first session at the Middle East College Theater in Muscat Governorate, followed by the second at the Sultan Qaboos Youth Complex for Culture and Entertainment in Salalah. The final session will be held at the Sohar University Theater. The sessions are moderated by Mohammed Al Hinai, founder of the youth podcast Jalsat Karak, a platform that promotes creativity in Oman's cultural landscape. The tour features distinguished guests, including Dr. Hani Al Qadhi, Senior Consultant in General and Trauma Surgery, Visiting Professor at the University of British Columbia in Canada, and Director General of Health Services in Dhofar Governorate. Also featured is Dr. Lamya Al Haj, Associate Professor at Sultan Qaboos University and PhD holder in Biology from University College London. Recognized as one of the leading young scientific figures in Oman and globally, she has made significant contributions in technology, education, and community service, and has been honored with numerous prestigious regional and international awards. Sulaiman Al Harthi, Chief Executive Officer of OAB, stated:'OAB is proud to sponsor the inspirational 'Safar' tour, a prominent cultural event in the Sultanate of Oman. Our participation reflects the Bank's commitment to contributing meaningfully to the social and economic objectives of Oman Vision 2040. The innovative perspectives shared by these distinguished Omani leaders are catalysts for transformation and a powerful source of inspiration for youth, empowering them to lead the country toward its ambitious goals.' He added: 'Our involvement in such purposeful programs and events reaffirms OAB's dedication to strengthening community engagement, particularly among the youth. As a well-established financial institution in the Sultanate, the Bank continues to develop and support initiatives that align with the goals of sustainable development and contribute to economic growth.' OAB further reinforces its leadership in driving the banking sector toward comprehensive digital transformation and innovation in financial solutions that elevate customer experience. The Bank is proud of the success of its innovative services and the positive impact of its flagship programs—Ruwad Al Arabi and National Leadership Development—in supporting the goals of Oman Vision 2040. These initiatives aim to enhance skills, develop national talent, stimulate innovation, boost the competitiveness of Omani youth in the job market, and support SMEs in growing, expanding, and launching projects that promote sustainability and economic diversification in the country.
Zawya
02-03-2025
- Business
- Zawya
OAB showcases its innovative programs to support national talent at the Sultan Qaboos University Career Fair
Muscat: Oman Arab Bank (OAB) successfully concluded its participation in the Sultan Qaboos University Career Fair, held from February 17 to 19, 2025. OAB's booth attracted a large number of young visitors who expressed keen interest in exploring its pioneering initiatives, career opportunities, and innovative programs, particularly the 'Ruwad Al Arabi' program, which targets university and college graduates. OAB's participation in the exhibition aligns with its commitment to supporting national talent and contributing to Oman's employment objectives for youth, in line with the country's future vision. Essam Al Busaidi, Chief Human Resources & Administration Officer at OAB, stated: 'We were delighted to participate in the Sultan Qaboos University Career Fair, a platform that connects OAB with ambitious young graduates seeking promising career opportunities and actively contributing to sustainable development in Oman. This participation highlights the bank's role as a leading national institution in developing Omani talent and paving the way for a future filled with success for young individuals aspiring to enter the job market.' He added: 'The high level of engagement from visitors with our initiatives reaffirms our success in delivering carefully designed programs that empower professionals in the banking sector. We provide training opportunities that enable graduates and young individuals to expand their knowledge, develop essential personal and professional skills, and enhance their competitiveness in the job market. OAB remains committed to paving the way and offering comprehensive support to help them achieve their future aspirations.' OAB has established itself as a leading institution in driving the banking sector toward a more active role in providing employment and training opportunities through various programs and initiatives. One of the most notable is the 'Ruwad Al Arabi' program, designed to provide graduates with top-tier training experience, preparing them to enter the job market at the highest standards.
