Expounding on creative saving habits at a tender age, and reflecting Sohar International’s purpose of helping people ‘win’, the bank continues to offer innovative winning opportunities for the Minor Account customers with its Sohar I Prize Scheme for 2019 encouraging them to adopt a lifestyle that ensures sustainable financial security and stability for them and their families.
Under the Sohar I Prize Scheme 2019, Minor accounts enjoy double the chances to win cash prizes in the various draws including Minor weekly draws, General weekly, monthly, quarterly and end of year draws, the Wealth Management draws - if they meet the criteria - as well as the special occasion draws.
Mr Khalil Salim Al Hedaifi, Chief Retail Banking Officer at Sohar International said, “Our objective to include the Minor accounts in most of our draws as well as have a dedicated draw for them, is to inculcate prudent saving practices in order to provide the children of the nation the best possible opportunities to grow and succeed. Along with dedicated Minor weekly draws, the inclusion of Minor account into the General and Wealth Management segments offers children eight chances to win. Whether you want to save for your children’s education or build savings to secure their future, we hope to further encourage parents to set an example for tomorrow’s winners.”
In addition to the weekly draws, providing five lucky minors the chance to win OMR 500 distributed equally amongst them, Minor accounts are entitled to enter the Monthly Draws, which offer prizes worth OMR 100,000 in total equally split between two customers in the General segment and two customers from the Wealth Management segment. Moreover, in the month of September, Minor Account customers will stand a chance to enter into the Quarterly Draws, which will give away OMR 200,000 in total equally split between two customers in the General segment and two customers from the Wealth Management segment. The biggest draw of the year, for the Minor accounts to enter, will be in the 2019 Year-End grand draws, giving away a total of OMR 400,000 distributed equally between four customers; two customers in the General segment and two customers from the Wealth Management segment.
Additionally, the Sohar | Prize Scheme for the year 2019 gives Minor account holders chances to enter into the special occasion draws namely the Omani Women’s Day with OMR 10,000 in total for ten winners (in case the minor customer is a female), and the 49th National Day with OMR 49,000 to be won by 49 customers.
It is important to note that Sohar I Prize Scheme 2019 is not exclusive for accounts in Omani Riyal; but also includes saving accounts that are maintained in AED, GBP and USD. For those seeking to save without participating in the prize draws, they can instead choose interest bearing accounts.