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Good customer demand for Escrow Accounts to benefit real-estate sector By: Times News Service Ali Said Ali, Deputy General Manager - Agency & Custody Services, Bank Muscat Muscat: After becoming the first bank in Oman to launch the specialised service in the country, Bank Muscat escrow account services are all set to boost the Omani real-estate sector. Through this service, Bank Muscat acts as an escrow agent, which accepts all funds and then releases these funds in accordance with the progress of a real-estate project and as per the terms of the escrow agreement in line with Royal Decree 30/2018, Ministerial Decision 72/2019 issued by the Ministry of Housing and other regulatory norms.

Bank muscatAgency custody servicesMinistry of housingRoyal decreeMinisterial decisionSaid aliDeputy general managerCustody servicesCustomer demandReal estateTimes of omanOrld newsLatest newsReaking newsMan newsEws oman