ODB Approves Loans Of More Than RO2mn

The board of directors of Oman Development Bank (ODB) has approved sustainable development loans worth RO2.04mn to four projects in the industrial and tourism sectors.

According to a press release, the loans were approved at a board meeting chaired by H E Ahmad bin Rashid al Mamary, advisor at the Ministry of Finance and chairman of the board of directors of ODB.

In an effort to support productive economic sectors, the board approved two loans to two projects in the industrial sector: the first worth RO375,000 and the second of worth RO660,000.

The board also approved loans worth RO1.01mn for two projects in the tourism sector. The first loan was of RO640,000 and the second one of RO370,000. ODB offers loans to projects in the tourism sector that add value, such as hotel facilities and accommodations, in addition to tourism-service projects.

Muscatdaily