Maisarah inks an agreement with Shaza Oman
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Maisarah Islamic Banking Services signed an agreement with Shaza Oman to finance construction of its flagship five-star hotel in Muscat.
The agreement was signed by Abdul Hakeem Al Ojaili, acting CEO of BankDhofar, Eng Abdul Rahman Ba Omar, CEO of Al Madina Real Estate and Eng Mohammad Al Ghassani, CEO of GLOREI. The signing ceremony was also attended by Eng Khamis Mubarak Al Kiyumi, chairman of Shaza Muscat, Sohail Niazi, chief Islamic banking officer, Maisarah and a number of officials.
As per the agreement, Maisarah is to finance the five-star hotel that is currently being constructed by Shaza Oman Company SAOC. The project will comprise standard rooms, executive rooms, suites, ballroom, themed restaurants, among other facilities. The hotel is to be managed by Millennium & Copthorne Hotels and is scheduled to have a soft launch during December 2015.
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