Muriya’s newest development Sifah Farms successfully sells out Phase I and Phase II. Muriya, Oman’s largest and most diversified real estate developer, has announced the launch of Phase II of their Sifah Farms project after the successful selling out of Phase I.
Presenting the ultimate outdoor privacy and set in Jebel Sifah, Muscat’s lowest density destination, the project offers a first-of-its-kind opportunity of owning a farmhouse within close proximity to an established community. Continuing on Jebel Sifah’s development approach to open spaces, Sifah Farms offers two, three- and four-bedroom single-storey farmhouses, each with a spacious garden, private pool, outdoor Majlis and family BBQ area. Set on generous grounds, ranging from 930 sqm to 1,880 sqm, Sifah Farms offers a world of amenities within the space of every farmhouse.
The Residences appoint Oman Sotheby’s International Realty
The Residences at The St. Regis Al Mouj Muscat has announced the appointment of Oman Sotheby’s International Realty (OSIR) as its exclusive sales agency for its branded luxury apartments resting on the shores of Oman. Recently launched by Alfardan Group, OSIR falls under the umbrella of leading high-end property international brokerage firms around the globe, Sotheby’s International Realty. The OSIR office is located on the 2nd floor at Finaa Alfardan and will be headed by Faisal Al Shanfari as the Country Manager. Boasting an exclusive and robust portfolio of luxury real estate properties across the world’s most premium addresses and locations, the realty will manage the portfolio for The Residences at The St. Regis Al Mouj Muscat marking a key milestone towards the launch of the exclusive property.
NBO Announces Financials and New Appointments at AGM
National Bank of Oman (NBO) held its Annual General Meeting this week. Conducted remotely, the meeting was attended by board members, senior management and shareholders, and included the declaration of OMR 422,000 to be allocated for community support services over the coming year, in addition to last year’s financial results. In 2020, NBO achieved a net profit of OMR 18.1 million, a satisfactory yield given the lower income and higher loan impairment charge, mainly arising out of the COVID-19 pandemic. During the meeting, the bank also introduced three new board members, namely Dr. Ghazi Nasser Al Alawi who has five years’ experience in the financial sector, Said Hilal Al Habsi who has extensive experience in finance and investments, who were appointed in May 2020, and more recently, Nabil Al Mahrouqi who is an experienced investment professional with a demonstrated history of working in the investment management industry.