Bank Nizwa Signs Financing Agreement With Nakheel Oman Development Company

Bank Nizwa Signs Financing Agreement With Nakheel Oman Development Company

Bank Nizwa Signs Financing Agreement With Nakheel Oman Development Company

Oman's leading and most trusted Islamic bank, Bank Nizwa, has signed a strategic financing deal worth RO10.4 million, with the Nakheel Oman Development Company SAOC. The Musharaka financing from Bank Nizwa, is slated to be used for the development & Construction of date processing industrial complex in the Wilayat of Nizwa.

The transaction signing ceremony was attended by Sh. Khalid Al Khaili, Chairman of Bank Nizwa, Mr. Khalid Al Kayed, CEO of Bank Nizwa and Mr. 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, Sh. Rashid Saif Al Mardhoof Al Saadi, Vice Chairman and Mr. Ali Said Ali Al Araimi General Manager of Nakheel