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Bank Dhofar signed three strategic agreements with companies specialized in real estate development during its participation in the Urbanization, House and Construction Exhibition and Conference 2026, as part of its efforts to enhance housing finance and support real estate and urban projects in the Sultanate of Oman, thus contributing to expanding opportunities for housing units and stimulating investment in the sector.
According to a statement by the bank, the agreements aim to provide financing solutions for the bank’s individual customers wishing to buy real estate and residential units under construction within the projects covered by the partnerships, in addition to supporting the activities of real estate developers, which enhances the bank’s role in financing modern residential projects and keeping pace with the growth witnessed by the Omani real estate market.
The first agreement, which amounted to OMR 10 million, included cooperation with Al Ahli Sabbour Real Estate Development Company
The first agreement, which amounted to OMR 10 million, included cooperation with Al Ahli Sabbour Real Estate Development Company, to provide the necessary financing for the company’s activities and development projects, in addition to providing housing finance to individuals.
The partnership is expected to support the company’s investment plans and facilitate the implementation of its projects and expand growth opportunities in the real estate sector.
As part of its presence in the new urban projects, the Bank has concluded a second agreement with Adante Realty, the real estate development arm of the Adrak Group, to support the “January Residences” project in Sultan Haitham City, which focuses on the development of modern residential neighborhoods that include integrated community facilities and sustainable infrastructure, in line with modern trends in urban planning.
The third agreement brought together Bank Dhofar at Al-Sarouj Development Company, which specializes in investment and real estate development, to support the “Al-Sarouj Oasis” project in Sultan Haitham City, which aims to provide an integrated residential environment that combines modern designs, sustainability concepts and quality of life, thus enhancing the diversity of residential options available in the city.
Al-Sarouj Oasis project in Sultan Haitham City aims to provide an integrated residential environment
Bank Dhofar represented Ahmed bin Saeed Al Ibrahim, Chief Executive Officer of Retail Banking and Government, who stressed that these partnerships are in line with the Bank’s strategy to support qualitative development and real estate projects and expand areas of cooperation with real estate development companies, thus contributing to the achievement of the goals of urban and economic development in the Sultanate of Oman.
Al Ibrahim explained that the bank continues to develop innovative banking and financing products and solutions that respond to the needs of customers and partners, and help real estate developers to implement their projects and achieve their investment plans, in order to support the sustainable growth of the real estate sector, and enhance the attractiveness of the Sultanate of Oman for investments.
The three agreements come in the context of Bank Dhofar’s drive to contribute to the achievement of the goals of Oman Vision 2040, by supporting private sector investments, encouraging sustainable urban development, and expanding the scope of residential projects that provide diverse and high-quality options for citizens and residents.
Bank Dhofar is the second largest bank in the Sultanate of Oman in terms of the number of branches, with a network of more than 145 branches spread across the governorates, through which it offers a wide range of banking products and services to individuals and various segments of society, including women, youth, children and high-income people, as well as services specialized in wealth management and banking services for families.
The Bank relies on providing its services on qualified cadres and modern banking technologies, in addition to equipping its branches with advanced display systems and screens, in order to improve the customer experience and provide efficient and secure banking services.
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