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Alizz Islamic Bank signs agreement with Abraj Energy Services

10 Jun 2024

Muscat – Reinforcing its position as one of Oman’s most dynamic Islamic Wholesale Banking institutions, Alizz Islamic Bank recently signed an agreement with Abraj Energy Services to provide shari’a compliant financing facilities.

The agreement was signed by Mr. Ali Al Mani, CEO of Alizz Islamic Bank and Eng. Saif Al Hamhami, CEO of Abraj Energy in the presence of a number of senior officials from both organisations.

Speaking about the agreement, Mr. Ali Al Mani, CEO of Alizz Islamic Bank said: “We are delighted to partner with Abraj Energy Services and offer its clients innovative and personalised solutions. Backing the various sectors in the Sultanate is an important part of our strategy and we are proud to contribute towards the growth of the country’s economy.”

Also speaking about the agreement, Eng. Saif Al Hamhami, CEO of Abraj Energy said “At Abraj Energy Services we are pleased to announce the signing of a Sharia-compliant Islamic financing agreement with Alizz Islamic Bank. This agreement signifies a major milestone and underscores our commitment to leveraging innovative, Sharia-compliant financial solutions to support our strategic expansion and growth plans and strengthen our position as a leader in the industry. We look forward to the continued success and growth that this partnership will bring.”

Established in 2006, Abraj Energy Services has grown exponentially to become Oman’s leading drilling company with one of the youngest and most advanced drilling fleets in the GCC. The company has successfully diversified its service offerings in innovative drilling and well services operations and integrated project management services.

Alizz Islamic Bank provides a comprehensive range of Shari’a compliant solutions to corporate, commercial and government institutions. The bank’s highly experienced team helps organisations achieve optimum efficiency, reliability, and above all, dynamic customer experience. The bank has developed a variety of Sharia-compliant banking products and services that meet the financing needs of government and corporate entities in Oman. It also offers various financing solutions that are designed to meet the requirements of several sectors such as energy, infrastructure, transport, manufacturing, education, healthcare, tourism and hospitality.

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