Muscat - Ahlibank and its Islamic counterpart Al Hilal Islamic
Banking Services recently entered into a memorandum of understanding
(MoU) with the Duqm Special Economic Zone Authority (Sezad) to provide
banking services and finance to investors and companies setting up
business ventures in Duqm.
The MoU was signed by Ahlibank CEO Lloyd Maddock and H E Yahya al Jabri, chairman of Sezad, at the Authority's office in Knowledge Oasis Muscat, a press release said.
In the corporate banking and SME segments, the bank will offer working capital and term loans, lease finance, trade finance, guarantees and 'B2B' electronic banking.
Maddock said, "We are pleased to support Sezad's vision through providing the bank's tailor-made products and services to corporates and SMEs that take advantage of the unique investment platform and infrastructure at Duqm."
Read more at Click here / www.trade4x.net
The MoU was signed by Ahlibank CEO Lloyd Maddock and H E Yahya al Jabri, chairman of Sezad, at the Authority's office in Knowledge Oasis Muscat, a press release said.
In the corporate banking and SME segments, the bank will offer working capital and term loans, lease finance, trade finance, guarantees and 'B2B' electronic banking.
Maddock said, "We are pleased to support Sezad's vision through providing the bank's tailor-made products and services to corporates and SMEs that take advantage of the unique investment platform and infrastructure at Duqm."
Read more at Click here / www.trade4x.net
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