- The unique benefits for potential homeowners include attractive payment scheme with an interest rate of 8%, tenor of up to 20 years, and funding up to 70% of the unit price.
- Sulaiman Al Harthy, Group DGM – Consumer Banking, who signed on behalf of BankMuscat, said: "BankMuscat is proud to join hands with Oman's leading tourism developer and offer its unique 'baituna' home finance, which can be structured to meet individual requirements. We are glad to establish a lasting relationship with Muriya."
- 'baituna' home finance can be processed at special outlets and 130 branches of BankMuscat across the Sultanate. Two product packages – 'baituna' Classic Home Finance, and 'baituna' Plus Home Package are available to Omanis, GCC nationals and expatriates seeking housing finance solutions in Oman. BankMuscat also provides refinancing options to customers with pre-existing housing loans.
- Muriya was established in 2006, when Egypt's Orascom Hotels and Development (with 70% stake) and Omani government owned Omran (with 30% stake) came together in a joint venture. Since then, Muriya has announced ambitious projects in stunning localities around Oman. Two of the on-going projects are integrated tourism complexes (ITCs) offering freehold properties - 'Jebel Sifah' and 'Salalah Beach' - 'Al Sodah Island' and 'City Walk'.
- NBO's Mr Abdul Qadir Al Sumali added:, " Muriya is a long standing and valued client. At NBO we are committed to offer our customers and clients the best of products and services that will allow and enable them to live with elegance."
- The signing ceremony reflects the promise of tourism development in Muscat, and reinstates Oman's reputable position as a stable and developing nation.
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