Saturday 20 / April / 2024
Muscat: Barr Al Jissah, the exceptionally exclusive destination and first Integrated Tourism Complex (ITC) in Oman, and Oman Arab Bank (OAB), a leading banking institution in the country, signed a Memorandum of Understanding (MoU) for a long-term partnership.
This partnership will see Barr Al Jissah and OAB’s Elite Banking Programme, one of the most established programmes of its kind in the country, join forces to offer exclusive luxury services and experiences to customers with very privileged benefits.
The signing of the agreement took place on February 5. Representing Barr Al Jissah at the event was Hussain Al Khabouri, the chief operating officer, while Rashad Al Shaikh, the DGM of Retail Banking, represented OAB. The executive management and senior members of staff from both companies attended.
Commenting on the new partnership, Hussain said, “OAB’s Elite banking service for high net worth individuals, complete with its host of exclusive benefits and dedicated customer service sections in all flagship branches, is amongst the best available in the market. It is a perfect complement to the exceptional services and benefits we ourselves offer to visitors and homeowners. We are honoured to have signed this MoU with them and I am confident their Elite banking service will be a great addition for all our new and existing homeowners, whilst the preferential home financing will be a great option for those still looking to purchase a property here at Barr Al Jissah.”
Rashad added, “As the Sultanate’s first established ITC and one of the leading luxury destinations, Barr Al Jissah offers unique lifestyle experiences that cannot be found elsewhere in the country. The high-end luxury homes and lifestyle they offer are of the highest calibre and of a standard that perfectly complements our Elite Banking Service. We are honoured to have joined hands with them and look forward to a long a fruitful partnership ahead.”
As part of the partnership, Barr Al Jissah lifestyle and OAB Elite Banking services will be offered with some exceptional benefits. These will include Home Loans at preferential rates from OAB for anyone looking to purchase a property at the ITC. The bank will also present all existing and new homeowners at Barr Al Jissah with an Elite Banking account together with all the benefits that accompany it. This includes a dedicated relationship manager, free for life Elite Visa Infinite Credit and Platinum Debit card, preferential pricing on deposits and loans, special tariffs for bank charges (including safe lockers), unlimited complimentary lounge access at over 700 International Airports, complimentary chauffeur service for up to six trips a year to and from Muscat International Airport, and free travel insurance, purchase protection, and extended warranty with Visa Infinite. Furthermore, OAB Elite Visa Infinite customers can enjoy value-added offers at renowned merchants across the Sultanate of Oman and GCC and will be presented with free 2,000 bonus points upon card activation. Card usage is also rewarded with spend points at the rate of one point for each one riyal transaction. These can be redeemed online at major airlines, hotels, or car rentals.
In addition, Barr Al Jissah real estate projects, namely its Al Mina Waterfront Residential Development and Bannenberg & Rowell Limited Edition Townhomes, will be exclusively showcased as the suggested real estate project within the OAB elite banking investment consultancy programme. The Al Mina Waterfront Residential Development, which is currently under construction, is the latest addition to the ITC and is home to the cleanest and deepest marina in the country. The Bannenberg & Rowell Limited edition townhomes are a one-of-a-kind home with a unique interior inspired by modern yacht design.
As part of the MoU, Barr Al Jissah will provide all OAB Elite customers with a number of offers for the facilities, lifestyle experience, and services available at the ITC. These include 25% discount and priority booking at BAJ events with door-to-door delivery of tickets, 30% discounts for family and children’s activities at the Al Mazaar Entertainment Centre, and 20% off rooms, dining and spa at both Shangri-La Barr Al Jissah Resort & Spa and Shangri-La Al Husn Resort &Spa. Oman Arab Bank Elite Customers looking to purchase a home at Barr Al Jissah will also be presented with preferential pricing.
