Salalah – In tandem with its strategy to bring Islamic banking closer to communities across Oman, Bank Nizwa hosted a gala event in Salalah to showcase its innovative Shari’a-compliant wholesale banking solutions to corporate clients. Attended by the CEO of Bank Nizwa, Khalid Al Kayed, the General Manager of Wholesale Banking, R. Narasimhan as well as the bank’s senior management, the gala event brought together a number of stakeholders from across the region to explore the multifaceted benefits of Islamic finance. The networking event highlighted the bank’s dedication to explore the numerous opportunities in the local wholesale banking segment by presenting its wide range of tailored solutions to finance diversified corporate clients and government business requirements.

Khalid Al Kayed, CEO of Bank Nizwa, said, “At Bank Nizwa, we continuously seize opportunities to showcase our numerous benefits of Islamic finance in various industries and market segments. As we enter our sixth prosperous year, Bank Nizwa has progressed with steady and positive growth across all operations and functions reaching new milestones.”

Al Kayed added, “We operate with a long-term plan to drive maximum benefits from the bank’s host of products and services to a wide range of stakeholders. We anticipate that with greater collaboration and a renewed commitment to innovation, Islamic finance in Oman will continue to soar to new heights.”

Bank Nizwa’s Wholesale Banking services provides a full suite of Shari’a-compliant solutions to meet the modern banking needs of government institutions, large corporates, project financing, and small and medium-sized enterprises (SMEs). The bank also offers dedicated treasury, investment, international banking, and trade finance services making it the business partner-of-choice for all enterprises across Oman. Added to that, the bank’s wholesale banking support division provides a customer-centric function mandated to deliver excellent customer service and quick turnaround.

  • Narasimhan, General Manager of Wholesale Banking at Bank Nizwa, said, “Bank Nizwa’s wholesale department has experienced steady year-on-year growth on account of exceptional turnaround time, and tailored services that exceeds the expectations of each client. Our services are built to guide corporates in every economic sector with Islamic financial solutions they need to achieve sustainable success and growth. It is our responsibility to deliver transparent and innovative solutions to our clients that effectively contribute to the economic diversification efforts led by the Omani government.”

Over the past few years, Bank Nizwa has enjoyed solid growth in its customer-base as more customers and industries seek an alternative solution to conventional banking. With the concept of Islamic banking gaining momentum in the Sultanate, the bank continues to offer reliable competitive propositions for a multitude of stakeholders highlighting the benefits of Islamic finance across industries including construction, manufacturing, infrastructure, trading, contracting, oil & gas, pharmaceuticals and aviation to mention but a few.

-Ends-

For more information, please contact:

Sudipta Dasgupta

TRACCS

Telephone: +968 24 649-099

Mobile: +968 94558787

Email: sudipta.dasgupta@traccs.net

© Press Release 2018

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.