Sohar International signs pact to offer attractive home loan facilities

Business Monday 26/July/2021 15:08 PM
By: Times News Service
Sohar International signs pact to offer attractive home loan facilities

Muscat: In line with the bank’s purpose of helping people ‘win’ by delivering banking for their ever-changing world as well as supporting Omanis to achieve their dreams by making the right investments, enabling them to prosper and grow, Sohar International recently joined hands with Al Hekmani Trading to provide housing loans for the real estate developers’ properties in key locations in Oman.

The Memorandum of Understanding (MoU) was signed recently at the Sohar International head office located at the Waterfront, Shatti Al Qurm, between Khalil Salim Al Hedaifi, Chief Retail Banking Officer, Sohar International and Said Ali Salim Al Hekmani, Chairman of Said Al Hekmani Trading.

According to the agreement, Sohar International will provide preferential housing loan facilities to those interested in purchasing properties in the various projects developed by Al Hekmani Properties.

“Sohar International’s home financing options are designed to offer personalised services that are tailor-made to the unique needs of our customers. Our home financing options seek to support customers in making important investments and acquiring properties of their choice. By partnering with a reputable developer like Al Hekmani, we will provide our customers with a number of premium properties to choose from,” said Khalil Salim Al Hedaifi. “Real estate development is set to play a major role in the nation’s economic growth. By providing thoughtfully created home financing solutions for customers, we are committed to helping every citizen acquire their dream homes while also helping in the growth of the real estate market.”

With the MoU in place, Sohar International will provide an opportunity for Omanis to conveniently invest in one of the many housing project developments of Al Hekmani. A reputed developer with years of experience in the industry, Al Hekmani provides premium properties at affordable prices, with a number of properties located at strategic locations, including Al Buraimi Tower in Al Hail South, Al Hekmani Tower in Al Mawaleh and Sharq 2 in Bausher.

Additionally, there are four properties in Al Khoud under the names Al Thuwwara Tower, Nakhal Houses, Nakhal Towers 4 and Zuha Tower. In Mabela South, Al Hekmani owns three towers called Nakhal Towers 1, Nakhal Towers 2 and Numan Tower.

Emphasising on how the strategic association complements the housing needs of the buyers with appropriate financial assistance, Said Ali Salim Al Hekmani, Chairman of Said Al Hekmani Trading, said, “We pride ourselves in Al Hekmani Trading on having built our organisation based on customer trust and confidence thereby providing Omanis with an opportunity to buy real estate and in the process becoming homeowners. Partnerships such as the one with Sohar International is an extension of our ongoing strategy enabling us to reach out far and wide in the market to the various customer segments making our products attainable to them through trusted financial institutions.”

Offering end-to-end services, Sohar International endeavours to support its customers every step of the way. The bank has been actively providing more and more innovative propositions to cater to customers’ evolving needs. In addition to home financing, the bank also provides customers with a range of other financing solutions to meet their varying needs.

Complementing its innovative products and services are Sohar International’s dedicated team of experts who offer valuable advice and guidance to help make important financing decisions. Through various such initiatives, tie-ups and customer-centric offers, Sohar International has grown to be a leader in the segment and a preferred banking partner for corporate companies as well as individuals.