Bank Muscat opens new corporate branch in Duqm
Published: 12:09 PM,Sep 20,2023 | EDITED : 04:09 PM,Sep 20,2023
Bank officials and guests pose for a photo during the opening of the new corporate branch.
MUSCAT: In line with its customer-centric vision and continuous endeavours to provide high-quality banking services to customers across the Sultanate of Oman, Bank Muscat recently opened a new corporate banking branch in the Wilayat of Duqm.
The opening ceremony was held in the presence of Shaikh Bader Nasser al Farsi, Wali of Duqm, Ilham Murtadha al Hamid, General Manager, Corporate Banking, Bank Muscat, senior officials from the bank and customers. The opening of the new branch is in line with the emergence of Duqm as a key business and industrial hub in the Sultanate and also the future prospects for rapid development in this strategic part of Oman.
The new corporatebanking branch features state-of-the-art technology and the highest levels of security and safety required for various banking transactions. It is characterised by a spacious and comfortable design and layout, and is manned by well qualified and experienced Omani cadres. It will provide a wide range of banking products and services, including loans for global trade services, project financing, debt financing through direct loans and syndicated loans.
Speaking on the occasion, Ilham Murtadha al Hamid, General Manager, Corporate Banking, Bank Muscat, said: “We are pleased to open our new corporate branch in the Wilayat of Duqm, which is one of the most important upcoming cities in the region and currently witnessing unprecedented economic growth. Bank Muscat will be delighted to play its part in the enormous developments happening in Duqm, and will be offering a range of banking services and facilities to both government institutions and corporates in the Governorate of Al Wusta.”
With the latest addition in Duqm, the bank now has 5 Corporate Banking branches across the Sultanate including two branches in Muscat and one each in Suhar and Salalah. Corporate banking branches offer a range of important services including corporate loans and capital financing to expand projects as well as bid bonds, performance bonds, advance payment bonds, financial bonds, and performance guarantee bonds.
The bank also provides letter of credit services for the purchase of equipment and machinery, standby letters of credit, and a range of other services to corporates and institutions. The new branch will be open on all weekdays from 8am to 2pm. Specialist advisors will be available at the branch to provide customers with the best solutions for their corporate banking needs and the new branch will provide a quantum leap in the nature of banking solutions and facilities available to corporates and institutions in Duqm.
As the leading financial services provider in Oman, Bank Muscat has been keenly playing its role in supporting the national economy and has witnessed many successes and achievements in the development of various sectors. In particular, the bank has contributed to the success and growth of both large corporates as well as a number of small and medium-sized businesses. The bank will continue to implement its customer-centric vision through a keen understanding of customer needs and provide services in line with global trends to achieve its current and future goals.
The opening ceremony was held in the presence of Shaikh Bader Nasser al Farsi, Wali of Duqm, Ilham Murtadha al Hamid, General Manager, Corporate Banking, Bank Muscat, senior officials from the bank and customers. The opening of the new branch is in line with the emergence of Duqm as a key business and industrial hub in the Sultanate and also the future prospects for rapid development in this strategic part of Oman.
The new corporatebanking branch features state-of-the-art technology and the highest levels of security and safety required for various banking transactions. It is characterised by a spacious and comfortable design and layout, and is manned by well qualified and experienced Omani cadres. It will provide a wide range of banking products and services, including loans for global trade services, project financing, debt financing through direct loans and syndicated loans.
Speaking on the occasion, Ilham Murtadha al Hamid, General Manager, Corporate Banking, Bank Muscat, said: “We are pleased to open our new corporate branch in the Wilayat of Duqm, which is one of the most important upcoming cities in the region and currently witnessing unprecedented economic growth. Bank Muscat will be delighted to play its part in the enormous developments happening in Duqm, and will be offering a range of banking services and facilities to both government institutions and corporates in the Governorate of Al Wusta.”
With the latest addition in Duqm, the bank now has 5 Corporate Banking branches across the Sultanate including two branches in Muscat and one each in Suhar and Salalah. Corporate banking branches offer a range of important services including corporate loans and capital financing to expand projects as well as bid bonds, performance bonds, advance payment bonds, financial bonds, and performance guarantee bonds.
The bank also provides letter of credit services for the purchase of equipment and machinery, standby letters of credit, and a range of other services to corporates and institutions. The new branch will be open on all weekdays from 8am to 2pm. Specialist advisors will be available at the branch to provide customers with the best solutions for their corporate banking needs and the new branch will provide a quantum leap in the nature of banking solutions and facilities available to corporates and institutions in Duqm.
As the leading financial services provider in Oman, Bank Muscat has been keenly playing its role in supporting the national economy and has witnessed many successes and achievements in the development of various sectors. In particular, the bank has contributed to the success and growth of both large corporates as well as a number of small and medium-sized businesses. The bank will continue to implement its customer-centric vision through a keen understanding of customer needs and provide services in line with global trends to achieve its current and future goals.