Muscat: Bank Muscat, the leading financial services provider in the Sultanate, and Omani Home Real Estate Development Company, have signed a memorandum of understanding (MoU) to provide attractive baituna home finance for Al Mabelah Residence and Bait Yousif Building projects. Said Al Badai, DGM – Branches, and Mahmood Al Lawati, Managing Director of Omani Home Real Estate Development Company, signed the MoU at the bank's head office.
"Bank Muscat is happy to extend yet another attractive option for prospective home and commercial space buyers in Oman. The real estate sector is a major component of the national economy and Bank Muscat is committed to extending all possible support to achieve the objective of a 'home for every family', especially youth. Baituna home finance is aimed at offering citizens and residents easy access to mortgage finance, thereby contributing to the revitalisation of the real estate sector and enhancing its role in the national economy," noted Said Al Badai.
"We are happy to join hands with Bank Muscat in extending attractive home deals for Omanis. The co-operation between the two institutions will benefit citizens across Oman to fulfill their dream homes," added Mahmood Al Lawati.
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