July 24, 2024

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

Ovidiu Olea Director of Client Coverage APAC HAYVN.
Ovidiu Olea joins HAYVN as Director of client coverage, APAC
Mariam El Samny, Head of Consumer Banking at FABMISR
FABMISR introduces ‘Access’ payment gateway
Ben Zhou, co-founder and CEO of Bybit
Bybit obtains license for crytocurrency exchange in Cyprus
  • logo banner warba
  • Dar AL OMRAN Engineering Consultants
  • Mutual Trust Bank Plc
  • Ahli United Bank

LATEST POSTS

Fahad Al Saif To Lead PIF's Investment Strategy And Economic Insights Division.Fahad will be responsible for guiding the development of PIF's overarching investment strategy, as well as market trends, sustainability and net zero strategies.
Abu Khader Automotive announces the first BMW Retail.Next showroom in Jordan. The latest showroom follows the remarkable success of the BMW brand in Jordan over the past decade
Elevision is pleased to announce an exciting partnership with Dubai World Trade Centre (DWTC) to launch Dubai’s newest digital-out-of-home (DOOH) media network. The partnership marks a new era of opportunities for brands to connect with premium audiences in their everyday environments
Trend Micro and Intel partner to deliver groundbreaking AI-powered security solutions for the MMEA market. The company launches the World’s First Security Solutions for Consumer AI PCs