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Housing bank sanctions RO11mn subsidised loans

19 Apr 2021 By ONA

Oman Housing Bank has stated that 253 loans having a lump sum value of about RO11mn were subsidised by the government in the first quarter of 2021.

Adnan Haider Darwish, CEO of Oman Housing Bank, said that it will accelerate the pace of approvals of subsidised housing loans over the next few months. “This reflects the bank’s commitment to develop the housing sector in the sultanate in line with preset plans,” Darwish said.

In a statement, he added that according to the 2021 scheduled plan, the bank will, by the end of 2021, finalise all loan applications filed as of April 2018.

“The bank’s management focuses on realising the vision of the government, led by His Majesty Sultan Haitham bin Tarik, aimed at providing decent housing for Omani citizens,’ Darwish stated.

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