Muscat: Demonstrating its commitment to cultivating a savings culture in the Sultanate, National Bank of Oman (NBO) held a special Al Kanz draw, which saw two winners enjoy an award of OMR250,000 each.
Under the patronage of His Highness Sayyid Kamil Fahad Mahmood Al Said, assistant secretary general for the Cabinet of the Deputy Prime Minister for the Council of Ministers, the event marked the end of the 2017 Al Kanz scheme and the launch of the 2018 edition, which will be the largest across Oman with over 15,000 potential winners. The bank’s senior management team and Sadara Wealth Management customers also attended the event.
Over the past 12 months, 373 customers have won cash prizes through NBO’s flagship scheme, Al Kanz Savings. With its growing popularity and success over the years, the bank will be increasing the number of winners to 15,684 with a total of OMR3,251,000 prize money.
John Chang, general manager and chief retail banking officer at NBO, said, "The Al Kanz Savings scheme was originally introduced to drive a savings culture across Oman. At NBO, we are creating the right incentives by helping customers realise their financial goals and offering them the opportunity to win and save in 2018. This will be by far the largest number of winners the Sultanate has ever witnessed, reaffirming our commitment to continuously reward our customers.”
The Al Kanz Savings account encourages customers to grow their savings with cash prize draws. Customers who maintain a minimum monthly average balance of OMR100 or above are eligible to participate, while higher retention accounts have higher chances of winning the weekly, monthly and the grand prize draws.