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 salary transfer drive evokes strong response

30/07/2018

Bank Muscat, the flagship financial services provider in the Sultanate, has evoked strong response to the salary transfer campaign offering attractive cash prizes for al jawhar Privilege banking cust

Oman Daily Observer

Bank Muscat's net profit rises to OMR89.7mn

16/07/2018

Bank Muscat, the Sultanate’s flagship financial institution, posted a net profit of OMR89.70 million for the six-month period ending June 30, 2018, an increase of 6.4 per cent from the OMR84.31 milli

Times of Oman

Bank Muscat sets benchmark in digital banking service for corporates

05/07/2018

Bank Muscat, the flagship financial services provider in the Sultanate, in line with its vision ‘To serve you better, everyday’ and commitment to setting new standards in banking excellence, has rein

Oman Daily Observer

Ticker Price Volume
Bahrain's Investcorp records $165m loss for 2019-20 financial year

06/08/2020

Bahrain’s Investcorp slipped into a $165 million loss for the 12 months ended June 30, against profits of $131 million a year ago.

The COVID-19 played its part in the loss, as fee income c

Gulf News

Aramex's revenue surges 4pc to $359m in Q2

06/08/2020

Aramex, a leading provider of logistics and transportation solutions, has registered a 4 per cent growth in its revenues for the second quarter which surged to hit AED1.32 billion ($359 million), com

Trade Arabia

Abu Dhabi's Waha Capital trims first-half 2020 attributable losses to Dh27.2m

05/08/2020

Abu Dhabi based investment company Waha Capital recorded a net loss of Dh27.2 million - attributable to shareholders - for the first six months of 2020, an improvement on the Dh124.38 million it rec

Gulf News

FAB issues Formosa bond globally

05/08/2020

First Abu Dhabi Bank (FAB), recently announced the issuance of the largest-ever Chinese Yuan (CNH) denominated dual-listed Formosa bond globally, with a CNH 3.25 billion five-year issuance.

The Gulf Today

Etisalat to pay out Q2 interim dividends from August 11

05/08/2020

UAE's leading telecom services operator Etisalat Group has announced that the interim dividend of 15 fils per share for the second quarter will be paid out starting from August 11 through the First A

Trade Arabia