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BankDhofar & Development Bank partner to unlock trade finance for Omani SMEs - The Arabian Stories News

Muscat: BankDhofar, the second-largest bank in the Sultanate of Oman by branch network, and Development Bank, a government-established institution supporting Oman’s business community since 1976, have signed a strategic Memorandum of Understanding (MoU) to collaborate on the issuance and discounting of Letters of Credit (LCs) for Development Bank clients. The partnership aims to enhance access to trade finance for Omani SMEs, start-ups and devel…
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The Arabian Stories News broke the news in on Wednesday, August 6, 2025.
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