NBO and Tibiaan Properties Join Hands To Offer Competitive Home Finance Packages

Press release
Published November 10th, 2021 - 10:52 GMT

NBO and Tibiaan Properties Join Hands To Offer Competitive Home Finance Packages
During the event
Highlights
National Bank of Oman (NBO) has signed a Memorandum of Understanding with Tibiaan Properties to provide an ultra competitive home finance package starting from just 4.45%.

National Bank of Oman (NBO) has signed a Memorandum of Understanding with Tibiaan Properties to provide an ultra competitive home finance package starting from just 4.45%. Tibiaan Properties is one of the leading real estate companies in Oman, managing a rich portfolio of apartments, villas, condos and land, as well as commercial real estate. 

The partnership will allow customers to secure financing for their first home, their new home or investment properties at the best rate on the market. With projects underway in prime areas of Muscat, Tibiaan Properties possesses a profound and clear understanding of the real estate market to find buyers the perfect home.

Tariq Atiq, Chief Retail and Digital Banking Officer at NBO, said, “Purchasing a property is an important decision and we are here to make the process smooth and seemless. Our partnership with Tibiaan Properties gives customers access to a variety of options to suit every need and every budget, and with attractive financing options for prospective buyers we are able to support them every step of the way.” 

Fahad Al Ismaili, Chief Executive Officer at Tibiaan Properties, said, “We are delighted to partner with NBO to make buyers’ dreams of owning a home or investing in their future a reality. Our astute knowledge of the sector and market trends creates even more value and potential growth for owners and investors while contributing to the development of the national economy.”  

NBO offers a wide range of home loan options with no maximum cap and long repayment terms of up to 25 years. The Bank’s doorstep service and easy processing through a dedicated Mortgage Direct Sales Team and Operations Unit advises and updates buyers at every stage to make the process simple and rewarding.

Tibiaan Properties’ key projects of Ghoroob, Al Hail Views, Areej Residential Complex, Boulevard Tower and The Beach offer high-quality community living in the heart of Muscat. Maximising space and seamlessly blends modern urban décor with timeless themes, each development comes finished to the highest standards with plenty of customisable options to make each house feel like home.  

For more information about NBO’s international transfer services, please visit www.nbo.om. Details about Tibiaan Properties’ current projects can be found online at www.tibiaan.com.

Background Information

National Bank of Oman

Founded in 1973, National Bank of Oman was the country’s first local bank, forging a rich history with Oman’s local businesses and its economy at large. Today, it is one of the largest banks in Oman, with a paid up capital of OMR (Omani Rials) 110.8 million (US$ 288 million) and a regulatory capital of OMR 377.8 million (US$ 981 million)*.​

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