Bank Sohar S.A.O.G
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To Offer Customers Better and Faster Loans Sohar International signs MOU with Alargan Towell Investment Company

Adhering to its corporate philosophy of helping people ‘win’ by delivering responsive solutions for their dynamic needs, Sohar International has inked a Memorandum of Understanding (MOU) with Alargan Towell Investment Company to provide easy and competitive housing loans for prospective buyers.

Sohar International signs MOU with Alargan Towell Investment Company

The MOU was signed earlier this month at the Sohar International Head Office, by Mr Khalil Salim Al Hedaifi representing Sohar International and Mr Mohamed Moosa Al Abri, Chief Executive Officer of Alargan Towell. The MOU will extend the bank’s structured Housing Loan facility to interested buyers of Alargan properties at its three prime projects: Alargan Village - Al Bustan, Al Waha Project Barka, and Telal Qurum. The MOU will facilitate buyers to avail attractive interest rates and benefit from the bank’s emphasis on more value, velocity and vision of service, which is in tandem with its corporate campaign - #Hello_Winning.

Highlighting the ease and convenience of the housing loan facility for buyers of Alargan properties, Mr Khalil Al Hedaifi, Chief Retail Banking Officer of Sohar International, said, “With preferential rates made possible through this agreement, and the guaranteed assurance of accelerated service to complete the housing loan process within 72 hours, our facility is designed to act as a foundation to fulfil every home buyer’s dream. As a world-leading Omani service company, we have our fingers on the pulse of our customers and are aware of their specific requirements to ensure they emerge as winners in everything they do.”

The MOU is yet another strategic move by the bank and the property developer to go that extra mile to fulfil customers’ dreams of owning and living in prestigious residential complexes. As Mr Mohamed Moosa Al Abri, Chief Executive Officer of Alargan Towell, reiterated, the objective is to complement the housing needs of the buyers with appropriate financial assistance. “Over the years, we have explored the market to identify specific needs and wants of our buyers for homes that reflect their tastes and meet their budgets. We have carved a niche in the real estate market with properties that are tailored to fit the requirements of buyers from different walks of life. Given our MOU with Sohar International, this is a perfect opportunity for prospective buyers to finalise their deal,” he stated.

Following the MOU, buyers have a choice of opting for a home in any of the three prime properties with the convenience of loan facility from the world-leading Omani service company, who has been taking every opportunity to create an overarching concept of ‘responsive banking’ to help one achieve any goal. With options of two and three bedroom villas, buyers are, indeed, in winning positions to pick and choose according to their tastes and Sohar International’s diverse financial provisions at their disposal.

With its new strategy that will witness banking redefined and go beyond the conventional norms, Sohar International has been actively providing more and more innovative propositions to cater to customers’ evolving needs. The bank’s recent tie-up saw Sohar International forge the first of its kind local banking-telecom partnership to bring the unique eFloos e-payment wallet and offer a game changer payment method.