BLOOMBERG/CHRISTOPHER PIKE
Bank Muscat has signed an OMR 50 million long-term financing agreement with Oman Housing Bank (OHB), and the lender committed to support the Sultanate’s housing finance institution’s core business of providing mortgage loans to low and medium-income group of Omani citizens.
Sheikh Waleed K. Al Hashar, the Chief Executive Officer of Bank Muscat, said, “Bank Muscat is focused on playing a prominent supportive role in projects of national importance and also in supporting other institutions, which are also contributing to economic growth and development.”
The term-loan loan facility was facilitated by the Bank Muscat’s Wholesale Banking Group.
MOST READ
BUSINESS
Fed rate cuts add pressure on Saudi banksBUSINESS
ING Groep plans to sell its Turkish unitBUSINESS
Bahrain considers stake sell in oil assetsBUSINESS
SABB seeks to boost corporate lendingBUSINESS
Dubai’s W Motors seeks funds to go electricBUSINESS
HSBC considering exiting from TurkeyBUSINESS
Zimbabwe turns to UAE to sell a stake in...BUSINESS
ADIA plans to sell a $2 billion stake in...BUSINESS
Amanat considers stake in VPS HealthcareBUSINESS
ECI, HSBC partner to support UAE businessesBUSINESS
National Bank of Oman to exit from EgyptBUSINESS
Salt Bae backers seek a partner and a $1...BUSINESS
Oman plans to launch new regional airline
CPI Financial was established in Dubai in 1999 to meet the needs of an ever-expanding financial community, offering a comprehensive portfolio of market-leading products and services tailor-made for the banking and financial services sectors.
Loading More post
