21 May 2018

Bank Sohar launches relationship banking service

Bank Sohar has launched Al Khaas, a relationship banking service that focuses on personalised service experience through relationship managers, wealth advisors, exclusive banking centers, a dedicated call centre, superior benefits, prize draws, rewards, and more.

Al Khaas will cater to the needs of high networth individuals (HNI) by offering them a differentiated banking experience across all 31 branches across Oman. There will also be dedicated Al Khaas service centers in selected large branches. 

Sasi Kumar, Acting CEO of Bank Sohar said, “In this year aptly named the Year of You we are determined to deliver unique products and services with a firm vision focused on elevating banking experience of our valued customers. To this end, the bank has worked tirelessly to provide an experience that exceeds the highest expectations with a robust commitment to banking excellence. From expert investment advice to personalisation on an exclusive range of products and preferential services, we are positioning ourselves as partners with our valued customers enabling them to attain their financial aspirations.”

Rajeev Arora, Deputy GM and Head of Retail Banking at Bank Sohar, said, “We are proud to announce Al Khaas as a unique value proposition to our HNI customers further fulfilling our promise to our customers as the Year of You. This step truly reflects our vision to become a one-stop financial super mall having boutiques of products and services across various segments, each with a unique set of propositions. By continuously engaging and understanding our customers’ lifestyle, we aligned Al Khaas’ offering to their ambitions and visions, and we will continue on our strategy to keep enhancing and add value to their banking experience with Bank Sohar.”

Preferential banking products and services set customers of Al Khaas apart, with free customised and personalised cheque books, invitations to programmes and social events organised by the bank, higher purchase limits at point-of-sale with debit cards, Al Khaas Signature debit cards with high ATM withdrawal limits, a Signature credit card, free personal accident insurance, travel insurance, SMS, Internet, and mobile banking services, preferential pricing on deposits, foreign exchange and remittances.

Al Khaas Wealth Management delivers qualified wealth management advisors to analyse financial needs and offer tailormade investment and financial solutions. As an exclusive market proposal, Al Khaas also brings customers subscriptions to IPOs and other investment opportunities with special assistance and a faster completion of the formalities. Attractive term deposit rates further deliver a healthy and guaranteed return on investment, with relationship managers sharing the prevailing rates of interest applicable to the minimum amount and maximum period of customer deposits.

Al Khaas’ Ready Cash brings the convenience of instant liquidity through a 24x7 overdraft facility as a hybrid financial solution combining the high returns of a term deposit. Instant interest fixed deposit accounts benefit the bank’s customers in receiving interest upfront. The interest amount for the entire tenor of the fixed deposit is credited to customers’ savings accounts at the time of opening the fixed deposit. Protection and investment products further extend Bank Sohar’s customer benefits to family members through the bank’s insurance partners.

Al Khaas customers will further be eligible to participate in all of Bank Sohar’s Savings Scheme prize draws, including its exclusive draws. 

In The Year of You, Bank Sohar has released credit card and insurance products, an enhanced international remittance facility to India, new branch activations, and service upgrades. 


Call the Al Khaas call centre in Oman at 2473 0073 with questions.