OAB’s Markabati Auto Loan Offer

OAB’s Markabati Auto Loan Offer. Oman Arab Bank (OAB) will continue its limited time offer on Markabati Auto Loans until July 15.

As part of the ongoing offer, customers who choose to finance the purchase of a vehicle during the promotional period through the Markabati Auto Loan facility will be eligible for the special interest rate of only 4.75 percent per annum and comprehensive car insurance rate starting from 1.9 percent with UAE coverage.

The OAB Markabati Auto Loan facility offers Omanis and Expatriates auto financing solutions and hassle-free quick loan approvals for up to 80 percent of the vehicle value. Finance is available for a maximum tenure of ten years for new and used vehicles for any customer who has their salary transferred to the Bank.

Oman Arab Bank SAOC was established in 1984 following the acquisition of Arab Bank’s branches in the Sultanate. Over the past three decades, the Bank has consistently expanded its reach as well as its products and services offering to provide customers in the country with a comprehensive suite of innovative solutions in Retail banking, Corporate and Project finance, Investment banking, trade finance and most recently, Islamic Banking.

The shareholders at Oman Arab Bank are:

• Oman International Development & Investment Co. SAOG OMINVEST (50.99%)
• Arab Bank Plc (49%)
• Oman Real Estate Investment and Services SAOC (0.01%)

Today, Oman Arab Bank operates more than 65 branches and offices, and more than 135 ATMs in high footfall locations across the Sultanate that are supported by Arab Bank’s 600 branches spanning five continents. The Bank’s principal shareholders are Oman International Development and Investment Company SAOG (50.99%) and Arab Bank PLC (49%) and As of December 31st 2015, the Bank’s total assets stood at RO 1.98 Billion (USD 5.15 Billion) and net worth of RO 226 Million (USD 587 Million).