Sohar International signs MoU with Alargan Towell

May 28, 2019

Sohar International has signed a memorandum of understanding (MOU) with Alargan Towell Investment Company to provide easy and competitive housing loans for prospective buyers.

The MoU was signed by Khalil Salim al Hedaifi, chief retail banking officer at Sohar International and Mohamed Moosa al Abri, chief executive officer of Alargan Towell, according to a press release.

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.

Highlighting the ease and convenience of the housing loan facility for buyers of Alargan properties, Hedaifi 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.”

Abri said 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,” he said.

Following the MoU, buyers have a choice of opting for a home in any of the three prime properties with the convenience of a loan facility from Sohar International.