28/09/2017 05:27 AST

Bank Muscat, the flagship financial services provider in the Sultanate, and Majid Al Futtaim Properties signed a term finance agreement for the Mall of Oman project. Anticipated to open in 2020, the Mall of Oman will be the largest shopping mall in the Sultanate. Bank Muscat is offering exclusive financing facility for development of the Mall of Oman project.

The agreement was signed by Abdullah al Hinai, General Manager — Wholesale Banking on behalf of Bank Muscat and Shrimati Damal, Chief Financial Officer — Majid Al Futtaim Holding. The ceremony was attended by Waleed al Hashar, Deputy Chief Executive Officer of Bank Muscat, and senior management team members of Bank Muscat and of Majid Al Futtaim. Bank Muscat is offering exclusive financing facility for development of the Mall of Oman project Commenting on the agreement, Abdullah al Hinai said: “Bank Muscat is proud to successfully close the long-term financing facility with Majid Al Futtaim Properties for the prestigious Mall of Oman project. The financing agreement comes within the scope of joining hands with partners to achieve the highest value for the national economy. The agreement is a clear indication of the availability of viable financing facilities in Oman. Bank Muscat is focused on playing a prominent supportive role in projects of national importance and the association with the Mall of Oman project will further strengthen this approach.”

Al Hinai added: “The successful closure of the term loan facility for Majid Al Futtaim’s Mall of Oman project underscores the bank’s unique capability to handle complex financial deals in the prevailing economic situation. Bank Muscat is proud to be exclusively associated with the project’s financial requirements. Our business relationship has grown over the years and we look forward to further strengthening mutually beneficial relations.”


Oman Daily Observer

Bank Muscat wins Best Consumer Digital Bank in Oman award

12/12/2018

Bank Muscat, the flagship financial services provider in the Sultanate has won the Best Consumer Digital Bank in Oman award by Global Finance. Winning banks were selected based on the criteria, incl

Oman Daily Observer

Bank Muscat celebrates al Mazyona salary prize draw

05/12/2018

Bank Muscat, the flagship financial services provider in the Sultanate, in step with its vision ‘To serve you better, everyday’ and commitment to partnership in promoting a strong savings culture Oma

Oman Daily Observer

Bank Muscat wins GCC award for CSR initiatives

02/12/2018

Bank Muscat, the flagship financial services provider in the Sultanate, has won a prestigious GCC award in recognition of its innovative corporate social responsibility initiatives and contributions

Oman Daily Observer

Ticker Price Volume
QNBK 197.95 84,959
SABIC 123.00 1,931,153
ALMARAI 52.60 968,812
SAICO 11.28 192,940
APPC 54.80 112,265
GUCIC 14.12 31,216
JARIR 152.00 87,830
Bank AlJazira wins 2 industry awards

27/12/2018

BANK Aljazira gains new awards during the 4th Islamic Retail Banking Awards Ceremony held in Dubai. The two prestigious awards received were: Critics Choice for Best Islamic Digital Banking and Criti

Saudi Gazette

Emaar, TikTok to explore collaboration opportunities

27/12/2018

Emaar, the biggest developer, has signed a memorandum of understanding (MoU) to explore collaboration opportunities with TikTok, the leading global destination for short-form mobile videos.

The Gulf Today

Saudi Aramco sets up new fuel retail subsidiary

27/12/2018

Saudi Aramco announced on Wednesday that it is establishing a fuel retailing subsidiary. The new company, Saudi Aramco Retail Company (RetailCo), will focus on expanding the network of domestic fuel

Trade Arabia

Acwa Power wins contract for giant Saudi desal plant

27/12/2018

Saudi-based Acwa Power has won a contract to develop Rabigh 3, the world’s largest independent water desalination plant (IWP) located on the Red Sea coast, further expanding its desalination capacity

Trade Arabia

Bank Sohar rebrands as Sohar International

26/12/2018

Oman-based Bank Sohar, as it was formerly known, recently rebranded to ‘Sohar International’ as part of its new vision to become a world-leading Omani service company.

It unveiled the new

Trade Arabia