Muttawar Omani inks OR20m deal to finance Lamar Bausher project
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.