Pact inked to enable Alizz Islamic customers to purchase units in Khalid Logistics City
MUSCAT: Reinforcing its position as one of Oman’s most customer-centric Islamic banking institutions, Alizz Islamic Bank has signed an agreement with Al Rowad International Business & Development (BBH Group) to provide finance solutions to the bank’s customers who seek to purchase units in Khalid Logistics City in Rusayl Industrial Zone.
The agreement was signed on behalf of Alizz Islamic Bank, by Asaad Al Kharusi, Chief Operating Officer of Alizz Islamic Bank and was signed by Al Waleed Khalid Al Mataani, CEO of BBH Group. Senior executives from both organisations were also present at the signing ceremony.
Khalid Logistics City which covers a built-up area of 21,000 sqm consists of 19 commercial/residential buildings 104 warehouses and 660 rooms. Customers who avail financing from the bank to purchase units from this project will get a discount of 30% on the selling price with a financing tenor of up to 15 years, including a grace period of up to 12 months.
Remarking on the signing of the agreement, Asaad Al Kharusi, Chief Operating Officer of Alizz Islamic
Bank said, “At Alizz Islamic Bank we put the customers’ needs at the heart of everything we do and we are honoured to partner with BBH Group to enable our customers to purchase units in Khalid Logistics City. The signing of this agreement is in line with our strategy to partner with various institutions in the Sultanate to contribute to strengthening and diversifying the local economy.”
BBH Group is a leading real estate company in Oman specialising in the acquisition, development and management of commercial properties throughout the Sultanate of Oman.
Alizz Islamic Bank provides financial solutions compatible with the provisions and principles of Islamic Sharia for corporate and retail customers. The bank focuses on business requirements and needs guided by in-depth knowledge of various sectors, the latest technology, and a commitment to excellence in customer service.
It is worth noting that the bank recently launched ‘Alizz Business’ a special value proposition for SMEs that meets all their banking requirements. This value proposition has been designed to meet all the requirements of SMEs through various attractive savings, financing and investment product offerings. Given the increasing funding needs of SMEs, ‘Alizz Business; offers flexible and convenient financing for business expansion, working capital, business line diversifications and other business growth drivers requiring capital injection. The bank also provides SMEs with an enhanced state-ofthe-art internet banking platform that will enable the corporate customer to conduct their various business transactions securely anytime, anywhere.