Saturday 02 / May / 2026
Muscat — Oman Housing Bank continues to strengthen its role in supporting social stability by providing subsidized housing finance to citizens across all governorates of the Sultanate of Oman, in line with the objectives of Oman Vision 2040 and government efforts to achieve balanced and inclusive development.
Musa bin Masoud Al Jadidi, Chief Executive Officer of Oman Housing Bank, said the bank’s lending activity over the past two years has recorded notable stability and growth through both direct financing and the “Eskan” programme, with total approved financing exceeding OMR615 million across 13,234 housing loans.
He explained in a statement to the Oman News Agency that direct financing during 2024 and 2025 amounted to around OMR299.8 million, benefiting 6,604 citizens, while the “Eskan” programme provided more than OMR315.4 million in financing, enabling 6,630 Omani families to obtain suitable housing through flexible mechanisms supported by banking partnerships and digital transformation.
Al Jadidi noted that the “Eskan” program has introduced a qualitative shift in the beneficiary experience by relying on digital platforms and integration with commercial and Islamic banks. This transformation, he said, has significantly reduced waiting times for housing finance from around four years to less than six months, marking an unprecedented development in the sector.
He emphasised that the achievements recorded in 2025 reflect the bank’s developmental and social mission, stressing that housing finance remains a key pillar for family stability and sustainable development.
The CEO affirmed that Oman Housing Bank is committed to ensuring housing finance reaches all governorates without exception, adding that the expansion in financing approvals reflects ongoing efforts to simplify procedures and accelerate service delivery through digital transformation and effective banking partnerships.
He further stated that the bank will continue to develop its financing programmes in line with the priorities of the 11th Five-Year Plan, aiming to keep pace with growth in the housing sector and enhance its ability to meet citizens’ needs efficiently and sustainably.
Al Jadidi also highlighted that total subsidized loans provided since the bank’s establishment in 1977 have exceeded OMR2 billion, covering more than 78,000 housing loans across branches in various governorates and wilayats of Oman.
He pointed out that 2025 witnessed the launch of the bank’s new core banking system, which improved operational efficiency and accelerated transaction processing. These developments contributed to Oman Housing Bank receiving the Digital Excellence Award in the Government Sector 2025 for the “Eskan” programme, while the CEO was also honored with the Best Leader in Digital Transformation Award.
Al Jadidi reaffirmed the bank’s continued investment in human capital and development of national talent, stressing that this approach supports institutional sustainability and enhances the bank’s contribution to housing stability and comprehensive development in Oman.
