OHB empowers over 2000 families with housing loans

by | Aug 28, 2023 | 0 comments

MUSCAT – In the first half of 2023, Oman Housing Bank (OHB) has proudly approved housing loans totaling more than OMR 86 million, benefiting numerous families across the Sultanate with over 2,000 housing loans, a testament to Oman Housing Banks (OHB) commitment to providing subsidized housing solutions to eligible citizens.

The efforts were widespread, with the Muscat branch granting 502 loans, the Salalah branch approving 92 loans, and the Sohar branch supporting 276 loans. Other branches also played a crucial role: the Sur branch facilitated 115 loans, the Nizwa branch 267, the Khasab branch 17, the Al Buraimi branch 147, and the Ibra branch 89. The A’Rustaq branch stood out with an impressive 515 loan approvals.

Moosa Masoud Al Jadidi, the Chief Executive Officer of OHB, expressed his thoughts on the banks performance in the first half of the year: “Urban development embodies a holistic journey towards progress. The expansion of Oman’s housing sector perfectly harmonises with our nation’s strategies and aspirations, nurturing a path to sustainable growth echoing one of the key principles of Oman Vision 2040, with a primary goal of establishing modern urban communities and enriching the lives of Omani’s throughout the nation.”

Al Jadidi emphasised, “Enhancing living standards for everyone is on of the government’s core mandates. As OHB we are working to play our part in this vision by prioritize the development of the housing sector through subsidized housing loans to eligible citizens. Looking at our track record, since our inception in 1977 up until the end of 2022, we’ve extended an impressive 52,000 loans totaling over OMR 1.4 billion.”

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