National Bank of Oman and Oman 70 Holding sign credit term facility agreement

National Bank of Oman and Oman 70 Holding sign credit term facility agreement

Muscat: Solidifying a strategic partnership that will drive growth and development in Oman, the National Bank of Oman (NBO) and Oman 70 Holding (Oman 70) have signed a Credit Term Facility Agreement.

Speaking on the partnership, Abdullah Al Hinai, CEO of NBO, said: "National Bank of Oman is committed to supporting the development of local enterprises and playing a pivotal role in Oman's economic progress. We are delighted and proud to partner with Oman 70 Holding and provide them with the financial resources they need to excel in their projects. This collaboration underscores our dedication to fostering economic growth and our commitment to being a catalyst for success in the local business arena.”

The credit term facility is designed to enable Oman 70 to continue its investments in various sectors and play a significant role in the economic development of the Sultanate of Oman. NBO's dedication to supporting local businesses and promoting economic growth aligns seamlessly with Oman 70 vision to be at the forefront of diverse industries in Oman.

Mohamed Hamoud Al Sinawi, CEO of Oman 70 Holding, expressed his delight at the collaboration and said: "This Credit Term Facility with the National Bank of Oman is a significant milestone for Oman