OMAN ARAB BANK SIGNS AGREEMENT WITH BADR GROUP – DHALIA PROJECT

MUSCAT: Oman Arab Bank (OAB) has recently entered into home finance agreement with Badr Real Estate Group – Dhalia Project.

Yasser Abdul Kareem, general manager of Badr Group, and Rashad Jaffar al Shaikh, deputy general manager of retail banking, representing the bank, signed the agreement at the bank’s head office in North Ghubra.

Shaikh said, “We are pleased to sign this agreement with Badr Group – Dhalia Project, and to offer our customers easy access to home finance in order to fulfill their dream homes. the bank offers finance facilities with attractive interest rates and flexible repayment terms for our clients.”

Dhalia Project of Badr Group is conveniently located at the heart of a vibrant area, featuring prime residential units.

It is at a short drive from the main malls in the sultanate and within easy reach of the beach and Qurm Natural Park.

Dhalia Project comprises spacious one, two or three-bedroom apartments that will have the private use of a garden and swimming pool, all designed to provide a living space suiting to today’s lifestyles with high-quality finishing and fittings. Constructed on an elevated ground near an active commercial area, and overlooking Seih al Maleh Road, it represents one of the most exciting development projects.

It is worth mentioning that the bank has previously signed two agreements with the same group in two different projects, Badr al Hamra and The Links.

OAB provides home finance for all type of completed or under construction real estate projects, in the form of long-term loans, covering up to 80 per cent of the property value, with repayment period of up to 25 years.

Customers will also have the option to defer the principal installments from 12 to 18 months for under construction projects. Furthermore, the bank provides a range of products and services in retail banking through an extensive network of 67 branches and offices and 123 ATMs across the sultanate.