Aabar Investments, one of the key strategic investment vehicles of Abu Dhabi, will be a cornerstone investor in Oman’s al izz islamic bank SAOG (under formation) which has unveiled its corporate identity today.
The unveiling of the corporate identity marks the establishment of an ambitious financial group which is being built through the close cooperation of a number of lead investors from the Gulf states and which will be focused on offering Shari’ah compliant financial solutions to Oman’s corporate and retail banking customers.
This is also a significant milestone in the banking industry in Oman, as al izz islamic bank will be one of the country’s first dedicated Islamic banks.
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