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Oman Housing Bank Provides Over OMR471 Million in Housing Finances Across South Al Batinah and Al Buraimi
🇴🇲 Oman /Economy & Trade

Oman Housing Bank Provides Over OMR471 Million in Housing Finances Across South Al Batinah and Al Buraimi

From Times of Oman · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • Oman Housing Bank has provided over OMR471 million in housing finances across South Al Batinah and Al Buraimi governorates by mid-June 2026.
  • These finances have benefited over 10,000 Omani families, supporting new housing construction and economic activity.
  • The bank's initiatives, including the 'Iskan' program, aim to accelerate financing, offer diverse options, and align with Oman Vision 2040's goals for sustainable urban development.

The Oman Housing Bank has significantly contributed to urban development and housing accessibility in Oman, providing over OMR471 million in housing finances to the South Al Batinah and Al Buraimi governorates by mid-June 2026. These substantial funds have directly benefited more than 10,000 Omani families, facilitating the construction of new homes and stimulating economic growth in related sectors.

the bank's continued support for urban development in South Al Batinah Governorate through providing financing solutions that enable citizens to own their homes and enhance family and social stability.

— Moosa Masoud Al JadeediCEO of Oman Housing Bank emphasizing the bank's role in supporting citizens and community stability.

In the South Al Batinah Governorate alone, housing finances reached more than OMR364.4 million. Meanwhile, the Al Buraimi Governorate branch disbursed over OMR106.9 million. These figures underscore the bank's commitment to supporting Oman Vision 2040, which emphasizes enhancing the quality of life and achieving sustainable urban development across the Sultanate.

Moosa Masoud Al Jadeedi, CEO of Oman Housing Bank, highlighted the bank's ongoing efforts to provide accessible financing solutions. He noted the success in accelerating the pace of financing and offering diverse options to meet citizens' aspirations. The bank has also forged strategic partnerships with 11 real estate developers to execute integrated residential neighborhood projects, such as the 'Al Azm' neighborhood in A’Rustaq and 'Al Naseem' in Barka.

the bank is keen to provide an integrated system of financing solutions across various governorates by building strategic partnerships with real estate developers.

— Moosa Masoud Al JadeediCEO of Oman Housing Bank detailing the bank's strategy for expanding financing solutions.

Al Jadeedi also pointed to the success of the 'Iskan' program, launched in January 2024. By mid-June 2026, it had financed 8,731 families with over OMR424 million. This program, developed in partnership with conventional and Islamic banks, aims to streamline the housing finance process, increase efficiency, and reduce waiting times, aligning with digital transformation goals and Oman Vision 2040.

the 'Iskan' program is considered one of the most prominent national projects that contributed to redesigning the journey of obtaining housing finance, raising procedural efficiency, and reducing waiting periods, in line with the targets of digital transformation and "Oman Vision 2040."

— Moosa Masoud Al JadeediCEO of Oman Housing Bank describing the impact and goals of the 'Iskan' program.
DistantNews Editorial

Originally published by Times of Oman in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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