NBO, through its Islamic banking window “Muzn”, signs a strategic finance agreement with Oman REIT Fund

NBO, through its Islamic banking window “Muzn”, signs a strategic finance agreement with Oman REIT Fund

Muscat – Fulfilling the diverse financial needs of customers across all segments, the National Bank of Oman (NBO) has entered into a facility agreement with the Oman REIT Fund (Oman REIT), an Omani Real Estate Investment Fund, listed on Muscat Stock Exchange (MSX). The signing ceremony took place at NBO's head office in Al Athaiba. Mr. Abdullah Al Hinai, Chief Executive Officer of NBO and Mr. Mustafa Salman, Chairman of the Board of Oman REIT, signed the agreement in the presence of senior officials from both entities and FIM Partners Muscat SPC, which serves as Oman REIT’s asset manager.

Under the agreement, NBO will provide a new long-term Sharia-compliant financing of OMR 30 Million to Oman REIT through its Islamic Banking window, Muzn Islamic Banking. This customised financing facility aims to support the REIT’s real estate investment activities and contribute to the overall growth of the company.

Speaking on the partnership, Mr. Abdullah Al Hinai said, “We are delighted to collaborate with Oman REIT. The agreement underscores NBO's steadfast dedication to establishing reliable and value-centric partnerships with local organisations. Through this collaboration, both parties aim to achieve mutually beneficial goals that actively contribute to Oman's progress. The bank will persist in its