Zawaya appoints Fincorp as financial advisor for $140m project
April 26, 2017 | 5:37 PM
by Times News Service
Zawaya Development is a 100 per cent Omani company founded in 2001 and is headquartered in Muscat. - Supplied picture

Muscat: Zawaya Development (Zawaya) has appointed the Financial Corporation Company (Fincorp) as financial advisor to provide them with professional services for a mixed-use development project in Bousher.

Fincorp, one of the leaders in investment banking services in Oman, will advise and assist Zawaya in offering advisory services for the successful implementation of the project, said a company release.

“This project is an important milestone in the track record and project portfolio of Zawaya. The appointment of Fincorp translates our passion and commitment to maintaining standards,” said Sheikh Hilal Al Khalili, project manager and Zawaya’s representative.

“We are very pleased to be appointed as Financial Advisor for this upcoming mixed-used real estate project by the reputed Zawaya Group; we believe it will turn out be a landmark in the country,” added Sheikh Nasr Al Hosni, chief executive officer of Fincorp.

Zawaya Development is a 100 per cent Omani company founded in 2001 and is headquartered in Muscat. It is one of the locally leading brands in the real-estate sector. Zawaya plays a vital role in contributing to the development of the real-estate sector by working to strengthen its expertise at the local level.

Today, Zawaya has a strong presence in the Omani market, with a remarkable portfolio of completed projects with continued development and enhancement of its performance within its business segments to include integrated residential complexes, hospitality and entertainment, and public projects, stressing on three essential elements—the right location, a convenient design and a suitable price. Zawaya Development understands the concept of lifestyle and provides what it takes to satisfy its residents.

Fincorp is a leading investment banking company regulated by the Capital Market Authority of Oman. It offers a whole gamut of investment banking services, such as corporate finance and advisory, equity brokerage, asset management and investment research. It has a proven track record of providing high quality solutions, which are innovative, structured and customised to meet clients' requirements.

The corporate finance and advisory division of Fincorp is currently working on a number of prestigious mandates and assignments.

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