Bank Muscat signs funding pact with Majid Al Futtaim
“The successful closure of the term loan facility for Majid Al Futtaim’s Mall of Oman project underscores the bank’s unique capability to handle complex financial deals in the prevailing economic situation. Bank Muscat is proud to be exclusively associated with the project’s financial requirements.”
“Our business relationship has grown over the years and we look forward to further strengthening mutually beneficial relations,” he further said.
The Mall of Oman will offer 350 stores across 137,000 square metres of gross leasable area including ‘firsts’ such as Oman’s largest snow-park, with an 8,000 sqm play area, and a Little Explorers edutainment centre.
It will also include the Sultanate’s largest VOX cinemas and Magic Planet family entertain- ment centre, as well as a 12,200 square metres Carrefour Hypermarket.
In the corporate financing sector, Bank Muscat maintains leadership position, enabled by its deep expertise, innovative structuring capabilities and sound due diligence techniques, thus catering to long-term financing requirements of major projects in the Sultanate of Oman.