OAB signs a loan facility with Sita & Al Bashaer Environment LLC

Oman Arab Bank, one of the leading banks in the Sultanate, has recently signed a loan facility of Rials 1.4 million with Sita & Al Bashaer Environment LLC, for the Al Amerat Solid Waste Sanitary Landfill project.

In this regard, Mr Abdul Qader Askalan – CEO of Oman Arab Bank stated:

"While providing the best possible solutions for our customers' financial needs, Oman Arab Bank also seeks to serve the citizens of Oman through the various community projects. Together with Sita & Al Bashaer Environment LLC, we are taking yet another step forward towards our commitment to the people of Oman."

On that same note, Mr Frederic Vigier – Senior Officer of Suez Environment, one of the major shareholders of Sita & Al Bashaer Environment LLC, reinforced the message by concluding:

"As Sita & Al Bashaer Environment LLC (SABE), we wish this new partnership with Oman Arab Bank to be a fruitful one, based on trust and mutual benefit. We expect as Suez, along with our Omani partners, that the project for which this loan has been settled with Oman Arab Bank will be the cornerstone of the future development of our company SABE in the Sultanate of Oman."

Attendees of the loan signing, which was held at Oman Arab Bank premises, included Mr Abdul Qader Askalan – CEO of Oman Arab Bank, Mr Murtadha Sultan – Chairman of Sita & Al Bashaer Environment LLC and Mr Frederic Vigier – Senior Officer of Suez Environment.