Alliance Housing Bank and The Wave, Muscat unite to facilitate freehold ownership

Notes and media contacts

ALLIANCE HOUSING BANK

Alliance Housing Bank is GCC's first private sector housing bank and has seven branches and two service centres in the Sultanate of Oman. It also has Direct Sales Agents (DSA) that presently cover Muscat. It specialises in mortgage loans; offer value-for-money loans and saving accounts.

Alliance Housing Bank offers mortgages on properties in Sultanate of Oman. The Bank's mortgage customers are Omani and other GCC nationals, as non GCC nationals cannot own property in the Sultanate yet. We also offer a variety of saving accounts to Omanis and expatriates at attractive returns.

For further information on Alliance housing Bank, please contact: -
Karim Boukarroum, Head of Marketing, Alliance Housing Bank, Tel: +968 24 568 568;
Fax: +968 24 562 120
OR
Maurizio Monte, Sales and Marketing Manager, Momentum PR, Tel: +968 24564465; Fax: +968 24562354

THE WAVE, MUSCAT

The Wave Muscat is being developed through a joint venture comprising Oman's Waterfront Investments (representing the Government of the Sultanate of Oman), National Investment Funds Company (representing the Omani Pension Funds), and the UAE-based Majid Al Futtaim Investments. Overlooking the Gulf of Oman near the Seeb International Airport, The Wave, Muscat will be a fully master planned community occupying a total area of 2,500,000 square metres along 6km of natural beach. The Wave, Muscat project will involve infrastructure development and site improvement, which will encompass a signature 18 hole green Golf Course, 300 berth Marina, 4 luxury hotels, villas, retail and restaurant outlets. For more details on The Wave, Muscat, please log on to www.thewavemuscat.com

For further information on The Wave Muscat, please contact:

Amer Al Fadhil,
VP External Affairs, The Wave, Muscat,
Tel + 968 24600034; Fax: +968 24600663;
OR
Ayman Al Saleh, Vice-President, Bates PanGulf PR,
PO Box 3294, Dubai, UAE. Tel: +9714 295 3456;
Fax: +9714 295 1027