Oman Housing Bank

Oman Housing Bank (SAOC), established on July 11, 1977, is a government-owned bank based in Muscat, Oman. It specializes in housing finance and aims to support the housing and construction sector in the country. With a workforce of employees, the bank operates eight branches across Oman and manages assets of approximately $2.32 billion. The bank focuses on providing mortgage finance and housing loans, catering primarily to low- and medium-income Omani citizens. It plays a significant role in Oman's mortgage market, which is influenced by urbanization and government initiatives promoting homeownership.