Bank Muscat, Alargan Towell sign MoU on residential unit financing

MUSCAT: As part of its efforts to facilitate purchase for those wishing to own their dream home, Alargan Towell Investment Company has signed a Memorandum of Understanding (MoU) with Bank Muscat for its ‘Baituna Home Loan’, through which the bank will provide financing facilities for those wishing to buy a residential unit at the Alargan Village Al Bustan.

After the signing, Mohammed bin Moosa Al Abri, Chief Executive Officer of Alargan Towell commented, “We are pleased to partner with Bank Muscat to provide financing facilities for those wishing to purchase a residential unit in Alargan Village Al Bustan. This project was only recently launched by Alargan Towell and is characterised by its high quality and strategic location close to the Al Bustan Beach. This cooperation will provide added value for those looking to purchase one of the villas at the project, which are expected to be delivered in early 2020.’’

From his side, Abdullah Tamman Al Mashani, Deputy General Manager, Institutional Sales and Product Development from Bank Muscat said, “We are pleased to sign this MoU, strengthening our cooperation with Alargan Towell. The signing allows us to be the preferred partner to provide financing facilities for those wishing to invest in the Alargan Village Al Bustan, a prominent new luxury real estate project in Muscat. The real estate sector is witnessing growth and is generating good interest from citizens looking to own their dream home. We are pleased to partner with Alargan Towell, one of the leading companies in real estate development known for providing affordable housing solutions, to offer the Omani society customised banking solutions that suit their needs.”