Many retail banks in Saudi Arabia offer a range of various investments, together with funds, bonds, shares, and insurance-linked pension plans. Cash funds proceed to play a big role in retail transactions. Following a pointy downtown in 2020 and detrimental cash for that yr, it has rebounded in a particularly impressive way, achieving a degree of $78 billion in 2021 and poised to go that in 2022, with a TTM reading of 132.5 billion dollars. Muscat: Who is the CEO of MUFG? In line with its imaginative and prescient ‘To serve you better, everyday’ and dedication to encouraging a financial savings tradition in Oman, Bank Muscat, the leading monetary providers supplier within the Sultanate, held its Al Mazyona monthly draw for May 2020 not too long ago. A complete of 420 lucky clients from different governorates in Oman received OMR 500 every within the month-to-month draw, whereas 15 Zeinah customers have been rewarded with OMR 1,500 every for their financial savings habit. The core focus of Al Mazyona is to encourage customers to sustain a strong financial savings tradition and be rewarded in turn with the largest prizes in Oman. Within the monthly draw, 10 Asalah Priority Banking customers have been rewarded with OMR 25,000 every while 25 Al Jawhar prospects walked away with OMR 5,000 each.

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