Muttawar Omani inks OR20m deal to finance Lamar Bausher project

March 3, 2014 1:23 am


Muttawar Omani Co has signed an agreement with Al Hilal Islamic Banking Services to provide project finance of more than OR20m for the construction of their high-end mixed-use Lamar Bausher project, Times of Oman has reported. The development will comprise more than 357 apartments across eight floors and will include one- two- and three-bedroom apartments. The agreement “will make residential property ownership more accessible, with maximum flexibility and buying options for our customers. Our goal is to provide affordable and convenient home-financing plans through its Al Hilal Islamic banking services,” said general manager – head of Al Hilal Islamic Banking Services, Abdullah Al Jabri.

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