Bank Nizwa, Oman’s fastest growing Islamic bank, and Sale International Oman, (Channels), a leading telecom and ICT distribution company in the Sultanate, have signed a Memorandum of Understanding (MoU), which will see Channels be the bank’s strategic partner offering its retail customers unique ICT solutions and products
Arif Al Zaabi, Assistant General Manager Retail Banking at Bank Nizwa said, “The banking industry is experiencing disruption every step of the way. Islamic banking has been growing at an immense pace, and we need to be competitive in the marketplace with our conventional counterparts. Therefore, Bank Nizwa collaborating with partners like ‘Channels’ provides our tech-savvy customers with advanced ICT products and solutions to enrich their lives. Our success has been always correlated to our customers’ satisfaction; we will continue leveraging the power of customer insight to propel us towards more successes.”
Talal Mu’ti, Channels Strategy and Category Manager said, “Collaboration between financial institutions and technology solution creates stronger and more convenient offerings to end users and ultimately the best path to long-term growth for both. Our agreement with Bank Nizwa will see us share consumer-centric solutions supported by a strong infrastructure built for the digital age.”
Sale International Oman is a part of STC channels, one of the leading and the largest ICT distribution companies in the Middle East operating in the Sultanate since 2011. The company covers the consumer segment focusing on telecom partners providing clients with streamlined direct distribution networks that support the FMCG go to market approach to telecommunication and ICT products and services.
Bank Nizwa’s Retail Banking Division has continuously worked towards redefining the banking experience in the Sultanate by providing customers with innovative products and services that are true to the principles of Islamic finance but modern and forward-thinking. The bank is a firm believer in the growing role of technology and its impact in helping retail services become more advanced. Since inception in 2013, Bank Nizwa has experienced remarkable year-on-year growth by continuing to provide exceptional, tailored services that meet the needs of each individual customer.