January 23, 2025

Bank Nizwa offers financing solutions to its real estate customers

Facebook
Twitter
LinkedIn
Khaled Al Kayed, the CEO of Bank Nizwa and HE Eng. Hamad bin Ali Al Nazwani, Undersecretary of the Ministry of Housing and Urban Planning signing the agreement. Image Courtesy: Bank Nizwa

The Islamic bank in Oman, Bank Nizwa, has partnered with the Ministry of Housing and Urban Planning to offer attractive financing options to customers eligible to purchase properties in the premium Hai Al Naseem Housing Project in Barka, which falls under the ‘Surouh’ initiative. The Ministry of Housing and Urban Planning has implemented a national initiative to make affordable housing available to all citizens in line with Vision 2040.

Mr. Khaled Al Kayed, the Chief Executive Officer of Bank Nizwa

Mr. Khaled Al Kayed, the Chief Executive Officer of Bank Nizwa and His Excellency Eng. Hamad bin Ali Al Nazwani, Undersecretary of the Ministry of Housing and Urban Planning, signed the agreement in the presence of several senior officials from both entities.

This agreement will enable customers to own modern homes with unique specifications at Hai Al Naseem for a reduced price and with a competitive profit rate. In partnership with various government agencies and development projects, Bank Nizwa continues to provide innovative financial solutions and banking products. These offerings consider customers’ evolving needs and keep up with their aspirations.

Khaled Al Kayed stressed the importance of concluding such agreements to strengthen the local economy, saying, “Bank Nizwa is committed to supporting national initiatives in collaboration with the government to achieve the goals for urban development in line with the Oman Vision 2040. We at Bank Nizwa are honoured to contribute to this initiative’s success, which will be crucial to achieving social and family stability. This agreement aligns with the bank’s strategy to support and finance various institutions. We are committed to maintaining our support to meet the requirements of the next stage. Bank Nizwa will continue backing a multitude of projects in the Sultanate that enhance the local economy. Furthermore, we have adopted many initiatives that address social issues and have established ourselves as a financing company that is transparent, flexible, reliable and complies with Islamic principles.”

In its capacity as the Sultanate’s first Islamic bank, Bank Nizwa has always worked to improve the socio-economic landscape, cooperating directly or indirectly with numerous institutions to finance critical national projects. Aside from that, it has supported small and medium-sized businesses that positively and sustainably impact the country.

Source

Share.

RELATED POSTS

Mastercard and Fundbot, a UAE-based fintech firm specializing in supply chain financing, have announced a collaboration to accelerate business-to-business (B2B) payment flows across all industries. Image courtesy: Mastercard
Mastercard Joins Forces With Fundbot To Encourage B2B Payment Flows
Saudi Real Estate Refinance Company and Bidaya Finance agreement signing ceremony. Image Courtesy Saudi Real Estate Refinance Company
SRC Signs Agreement to Acquire SAR 1bln Mortgage Portfolio from Bidaya Finance
National Bank of Kuwait (NBK) has unveiled its mortgage services in Germany. Image courtesy: National Bank of Kuwait
NBK Launches Mortgage Solutions to Boost Real Estate Market in Germany
  • Asialink Finance

LATEST POSTS

Representational Image By Freepik
Adel Daira . Image Courtesy: Avanade
Apple is once again the world’s most valuable brand. Brand Finance, the world’s leading brand valuation consultancy, values Apple’s brand at USD574.5 billion for 2025, keeping it ahead of its closest rival, Microsoft, valued at USD461 billion. Image courtesy: UAE Government Media Office
AmCham Kuwait, in partnership with the Kuwait Women Empowerment and Entrepreneurship Platform (KWEEP), celebrated the successful launch of the Sustainable Inclusivity Matrix at the Grand Hyatt Hotel. Image courtesy: AmCham Kuwait