Sohar International and Al Mouj Muscat sign strategic MoU for OMR 63 million credit facilities

Muscat – June 3, 2025, Sohar International and Al Mouj Muscat have signed a strategic Memorandum of Understanding to provide OMR 63 million in credit facilities. This step supports sustainable urban development and economic growth in Oman, combining long-term loans and revolving credit lines.

The financing will enable Al Mouj to accelerate current and future projects, enhance operational efficiency, and pursue strategic expansion. The agreement reaffirms Sohar International’s commitment to supporting national development initiatives and positioning Oman as a leading destination for investment and tourism.

Mr. Abdulwahid Al Murshidi, CEO of Sohar International, and Mr. Nasser Al Sheibani, CEO of Al Mouj Muscat, described the agreement as a pivotal step in strengthening private and banking sector partnerships in advancing Oman’s economy.