With more than 3,200 loans totaling more than RO 130 million in just nine months, Oman Housing Bank sets a new milestone.

In the first nine months of 2024, Oman Housing Bank approves 3,201 housing loans totaling more than RO 130 million.

Muscat: This is the highest number of loans granted in such a timeframe since the bank’s establishment, reflecting its commitment to supporting citizens with subsidized housing financing.

Since its founding in 1977, the bank has disbursed a total of 68,979 housing loans worth over RO 1.6 billion. These loans have significantly contributed to providing eligible citizens with affordable housing and addressing the waiting list for financing, ensuring faster access to homeownership.

Musa bin Masoud Al Jadidi, CEO of Oman Housing Bank, emphasized the institution’s role in bolstering the Sultanate’s construction sector and how it enables citizens to secure suitable housing, fostering the development movement across Oman

Al Jadidi also assured that the bank is actively resolving challenges faced by citizens in obtaining housing loans, streamlining processes for those meeting the eligibility criteria.

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