Bank Muscat Showcases its Financial Services and Facilities in Urban October Conference

MUSCAT,

In line with its commitment to partake in conferences and exhibitions in different fields, Bank Muscat, the leading financial services provider in the Sultanate of Oman, participated in the Urban October Conference organised by the Ministry of Housing and Urban Planning, which was held recently at the Oman Convention and Exhibition Centre. The fourth edition of the conference highlighted the theme of “Engaging Youth for a Better Urban Future”.

The accompanying exhibition featured the participation of 42 local and regional entities. This year’s conference focused on four key areas, including youth, entertainment, inspiring cities and future projects. It aimed to promote a culture of sustainable urban planning that adapts smoothly to life’s dynamics, optimally meeting individuals and community needs, with active youth involvement in the planning process. The 3-day conference’s goals revolved around improving cities and urban living, advancing the housing and real estate sector, strengthening sustainable urban economy, preserving ecological balance and cultivating a sustainable living environment. 

Bank Muscat has participated in the accompanying Home and Building Expo through a dedicated stall that showcases a number of facilities, for both individuals and institutions, related to the sector, including Housing Finance “Baituna”, Project Finance and Izdihar Real Estate Fund.

Baituna home finance has been steadily attracting large numbers of customers across Oman for its competitive features and offers that go in line with Bank Muscat’s customer-centric vision. Through Baituna, customers are eligible for home loans having a tenure of up to 25 years and loans of up to RO 500,000, subject to the applicant fulfilling the relevant criteria. Customers can take advantage of the facilities provided to build or buy their dream house or land, and enjoy easy and convenient credit approval, competitive exchange rates and various facilities designed to meet their needs.

As for the services designed for corporates, Bank Muscat offers innovative and pioneering solutions to meet project finance needs. Institutions looking for debt and equity capital raising for project financing in all major sectors will be able to take advantage of a strong team of experienced specialists with expertise in project finance and benefit from the single largest underwriting capacity in Oman.

In addition, Bank Muscat has been managing real estate funds since 2008 with a track record of over 15 years in managing multiple real estate funds with investments held in Oman and in the region. Izdihar Real Estate Fund is the first REIT established in Oman in 2015 and is regulated by the Financial Services Authority, Oman. Today, it is one of the largest REITs in Oman and the only Omani REIT with exposure outside of Oman, with the knowledge and capability to realize real estate opportunities as successful investments.

Salim Mohammed Al Kaabi, General Manager – Credit & Legal, Bank Muscat, said: “Bank Muscat is keen to contribute to supporting the real estate sector in the Sultanate through a carefully developed services and facilities designed to meet customers’ needs. The Bank continuously works to develop its services to keep up with global trends and strengthening its role in the development of the Sultanate’s economy. I would like to take this opportunity to express my appreciation to the Bank’s customers for their continuous trust in the products and facilities developed by Bank Muscat.”

To know more about Bank Muscat products and services, please visit: https://www.bankmuscat.com/en/Pages/default.aspx.