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15 October 2019
BUSINESS

Oman’s Bank Muscat signs OMR 50 million financing agreement with OHB

Established in 1977, Oman Housing Bank provides housing loans as well as banking facilities to Omani citizens with a focus on low- and middle-income groups, which contributes to the development of the housing sector in the Sultanate and boosts economic growth.

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.


RELATED STORIES: OMAN HOUSING BANK BANK MUSCAT


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