Maisarah Islamic Banking Services

Maisarah Islamic Banking Services to fund construction of Muscat hotel

Maisarah Islamic Banking Services signed an agreement with Shaza Oman to fund the construction of its flagship five-star hotel in Muscat. The financing agreement was signed by BankDhofar's acting Chief Executive Officer Abdul Hakeem Al Ojaili; Al Madina Real Estate CEO Abdul Rahman Ba Omar; and GLOREI CEO Mohammad Al Ghassani. Under the agreement, Maisarah will finance the five-star hotel that is under construction by Shaza Oman Company SAOC. The project is in Al Khuwair, adjacent to Muscat Grand Mall, and is slated for a soft launch in December.

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