PROJECT

Projects

Summary of Proposed Investment

Project Number

24226

Company Name

AHLI BANK SAOG

Date SPI Disclosed

Apr 14, 2005

Country

Oman

Industry

Financial Markets

Projected Board Date

May 13, 2005

Status

Completed

Sector

Primary Mortgage Institutions

Department

Global Industry, Financial Markets

Environmental Category

C - No Impact

Previous Events

Approved : Jun 3, 2005
Signed : Jun 19, 2005
Invested : Jun 24, 2005

Project Description

Alliance Housing Bank (AHB, the Bank, or the company) is licensed by the Central Bank of Oman (the regulatory and apex bank of Oman) as a specialized housing finance bank, focused on commercial mortgage lending to the growing middle-income Omani population. AHB is Oman’s only private sector housing finance bank, with the total assets of $260 million and net worth of $76 million as of December 31, 2004. The proposed IFC loan would help AHB to expand its lending operations to mid and low income Omani households.

Sponsor / Cost / Location

Development Impact