Bank Dhofar signs financing agreement with Salalah Sanitary

03/01/2018 06:04 AST

Reinforcing its position as one of the leading banks in Oman, and translating its efforts to be a vital contributor to the growth of the national economy, BankDhofar signed an agreement with Salalah Sanitary Drainage Services Company (SSDC) to finance the expansion of its Raysut treatment plant.

The finance agreement was signed at Salalah Sanitary Drainage Services Company's headquarters at Governorate of Dhofar. Representing BankDhofar at the signing ceremony was Kamal Hassan al Murazza, General Manager and Chief Wholesale Banking Officer of BankDhofar, while representing SSDC was Abdullah bin Aqeel al Ibrahim, Chairman of the SSDC, Acting Deputy Governor of Dhofar, and Ghali al Mashali, CEO of the SSDC.

On signing the agreement Kamal Hassan al Murazza, General Manager and Chief Wholesale Banking Officer of BankDhofar noted, "We are proud to sign the agreement with SSDC, which will contribute in increasing the capacity of Raysut Treatment plant. At BankDhofar we believe in the importance of such partnerships to boost the national economy. This agreement falls within our efforts to provide suitable financing solutions to our customers be it retail, corporate or government."

The finance agreement will contribute in increasing the average capacity of Raysut treatment plant from 35 thousand cubic metres per day to 53 thousand cubic metres.

Ghali al Mashali, CEO of the SSDC noted, "This is an ambitious project which aims to cover 95 per cent of Salalah city by 2020. The project is expected to be completed by mid- 2019. SSDC has 900 km length of sewerage network and has set up 31 main and sub pumping stations. The sewer service coverage ratio reached 90 per cent of the concession area in Salalah City as well as 70 per cent of the developed charts."

BankDhofar is catering to customers' needs and requirements, and setting the standard for best customer experience within the banking industry in the Sultanate through innovative products and creative solutions. The combination of BankDhofar's executive management's vision and comprehensive operational strategy following best international banking practices, provision of outstanding customer experience, in addition to their commitment to community development and contribution to the growth of the national economy, has placed BankDhofar at the top of the list of best banks in the region.

Oman Daily Observer