Many retail banks in Saudi Arabia provide a variety of different investments, including funds, bonds, shares, and insurance coverage-linked pension plans. Cash payments continue to play a big function in retail transactions. Following a pointy downtown in 2020 and unfavourable money for that yr, it has rebounded in a particularly spectacular method, reaching a level of $78 billion in 2021 and poised to cross that in 2022, with a TTM studying of 132.5 billion dollars. Muscat: According to its imaginative and prescient ‘To serve you higher, everyday’ and dedication to encouraging a financial savings tradition in Oman, Bank Muscat, the main monetary providers provider within the Sultanate, held its Al Mazyona monthly draw for May 2020 just lately. A total of 420 fortunate customers from completely different governorates in Oman gained OMR 500 each within the month-to-month draw, whereas 15 Zeinah customers have been rewarded with OMR 1,500 every for their savings habit. The core focus of Al Mazyona is to encourage prospects to maintain a powerful savings tradition and be rewarded in turn with the most important prizes in Oman. In the month-to-month draw, 10 Asalah Priority Banking prospects were rewarded with OMR 25,000 each whereas 25 Al Jawhar customers walked away with OMR 5,000 each.

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