Bank Mus­cat signs fund­ing pact with Ma­jid Al Fut­taim

Times of Oman - - MAR­KET -

“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.

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