Banking & Finance

BankDhofar signs financing deal with SSDC

BankDhofar signed an agreement with the Salalah Sanitary Drainage Services Company (SSDC) to finance the expansion of its Raysut treatment plant.

The finance agreement was signed at the Salalah Sanitary Drainage Services Company’s headquarters in the Governorate of Dhofar. Representing BankDhofar at the signing ceremony was Kamal Hassan Al Murazza, general manager and chief wholesale banking officer, while representing SSDC was Abdullah bin Aqeel Al Ibrahim, chairman of the SSDC and acting deputy governor of Dhofar, and Ghali Al Mashali, CEO of the SSDC.
“We are proud to sign the agreement with SSDC, which will contribute to increasing the capacity of the 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,” said Al Murazza of Bank Dhofar.
The finance agreement will increase the average capacity of the Raysut treatment plant from 35 thousand cubic metres per day to 53 thousand cubic metres.

“This is an ambitious project that aims to cover 95 per cent of Salalah city by 2020. The project is expected to be completed by mid-2019. The SSDC has a 900-km-long sewerage network and has set up 31 main and sub pumping stations. The sewer service coverage ratio has reached 90 per cent of the concession area in Salalah city, as well as 70 per cent of the developed charts,” Al Mashali said.

BankDhofar is catering to its customers’ needs and requirements through innovative products and creative solutions and setting a benchmark for good customer experiences.
The combination of BankDhofar’s executive management’s vision and comprehensive operational strategy in following the best international banking practices, providing an outstanding customer experience, and making a commitment to community development and contribution to the growth of the national economy has placed BankDhofar at the top of the list of banks in the region.