Oman Arab Bank and Ministry of Housing and Urban planning sign financing agreement for home owners at Sultan Haitham city

Oman Arab Bank and Ministry of Housing and Urban planning sign financing agreement for home owners at Sultan Haitham city

Muscat:– Oman Arab Bank (OAB) and the Ministry of Housing and Urban Planning have signed a home financing agreement to provide competitive loan rates for the first 100 home owners in Sultan Haitham City. The agreement was signed by His Excellency Dr. Khalfan Al Shueili, Minister of Housing and Urban Planning, and Sulaiman Al Hinai, Head of Wholesale Banking Group at OAB. Through the agreement, the bank will provide flexible loans at reduced rates to customers who wish to purchase homes in the first phase of the city of the future, named for His Majesty Sultan Haitham bin Tarik. Sulaiman Al Harthi, CEO of Oman Arab Bank, said: “This agreement is a first step in our efforts to enable customers to own a home and live a sustainable and comfortable life in Sultan Haitham City. We aim to make homeownership at the groundbreaking futuristic urban landmark development more accessible and affordable.” He went on to add, “The project is one of many strategic developments the bank has partnered with in its efforts to play a bigger role in the economic growth of the country. In fact, the city not only reflects key pillars within Oman’s Vision 2040 goals, but also