Bank Nizwa signs strategic financing deal worth OMR10.4mn

Bank Nizwa signs strategic financing deal worth OMR10.4mn

Muscat: Oman's leading and most trusted Islamic bank, Bank Nizwa, has signed a strategic financing deal worth OMR10.4 million, with the Nakheel Oman Development Company. The Musharaka financing from Bank Nizwa, is slated to be used for the development and construction of date processing industrial complex in the Wilayat of Nizwa.The transaction signing ceremony was attended by Khalid Al Khaili, Chairman of Bank Nizwa, Khalid Al Kayed, CEO of Bank Nizwa and R. Narasimhan, GM of Wholesale Banking, Bank Nizwa, whereas from Nakheel Oman Development Company it was attended by Dr Saif Rashid Saif Al Shaqsi Chairman, Rashid Saif Al Mardhoof Al Saadi, Vice Chairman and Ali Said Ali Al Araimi General Manager of Nakheel Oman Development Company.Commenting on the signing ceremony, Sheikh Khalid Abdullah Ali Al Khalili, Chairman of Bank