Development Bank approves OMR2.7mn loans in Al Buraimi

Al Buraimi: The total value of loan approvals at the Development Bank branch in Al Buraimi Governorate reached approximately OMR2.7 million during 2025, through the extension of 170 development loans aimed at supporting the national economy, financing high-yield investment projects and stimulating self-employment initiatives.This was achieved through a package of facilities and innovative financing solutions tailored to meet the aspirations of various business segments, ranging from micro-enterprises to large corporations. Yahya Rashid Al Riyami, Director of the Development Bank branch in Al Buraimi Governorate, stated that loan approvals at the branch during 2025 totalled approximately 170 loans valued at OMR2.7 million. He noted the diversity of these loans, which encompassed micro, small, and medium-sized enterprises, in addition to operational and seasonal financing facilities.He further indicated that these loans are distributed across multiple sectors, including manufacturing, agriculture, livestock, industry, education, health, tourism, logistics, and home-based projects.Al Riyami added that the branch's lending portfolio has surpassed the OMR7 million mark, reflecting a 15 per cent increase compared to 2024.