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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.
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