BankDhofar inks financing agreement with Salalah Sanitary Drainage

Muscat - 

BankDhofar signed an agreement with Salalah Sanitary Drainage Services Co (SSDC) to finance the expansion of its Raysut treatment plant.

Kamal Hassan al Murazza, general manager and chief wholesale banking officer of BankDhofar, singed the agreement on behalf of the bank, while SSDC was represented by its chairman Abdullah bin Aqeel al Ibrahim and CEO Ghali al Mashali.

The agreement was signed at SSDC’s headoffice in Dhofar region, according to a press release.

Murazza said, “We are proud to sign the agreement with SSDC, which will contribute in increasing the capacity of Raysut treatment plant. At BankDhofar, we believe in the importance of such partnerships to boost the national economy. This agreement falls within our efforts to provide suitable financing solutions to our customers be it retail, corporate or government.

The agreement will contribute in increasing the average capacity of Raysut treatment plant from 35,000 cubic meters per day to 53,000 cubic meters.

Mashali said, “This is an ambitious project which aims to cover 95 per cent of Salalah city by 2020. The project is expected to be completed by mid- 2019. SSDC has 900km length of sewerage network and has set up 31 main and sub pumping stations. The sewer service coverage ratio reached 90 per cent of the concession area in Salalah city.”

Through innovative products and creative solutions, BankDhofar is catering to customers’ needs and requirements and setting the standard for best customer experience within the banking industry in Oman.

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