Sohar International has signed a consolidated loan agreement worth $163.6 million (OMR 63 million) with Liva Group, a leading multi-line insurance provider operating across the GCC, in line with its commitment to enabling strategic partnerships that support sustainable business growth.
The signing ceremony was held at Sohar International’s Waterfront Office and attended by senior leadership, including Mr. Abdulwahid Mohamed Al Murshidi, Chief Executive Officer of Sohar International, and Mr. Martin Rueegg, Chief Executive Officer of Liva Group.
The facility consolidates Liva Group’s existing borrowings into a single streamlined loan structure. This move is expected to significantly reduce financing costs, enhance cash flow management, and improve capital deployment efficiency across Liva’s expanding operations. The agreement offers a robust financial framework aligned with Liva’s long-term growth strategy, particularly as the Group increases its presence in high-growth markets across the region.
Abdulwahid Mohamed Al Murshidi Chief Executive Officer- Sohar International
“At Sohar International, we are focused on fostering strategic partnerships that create long-term value. Our agreement with Liva Group is a testament to our commitment to supporting ambitious, high-performing organizations with customized financial solutions that drive sustainable growth. This facility not only enhances Liva’s financial flexibility but also reflects our shared commitment for regional progress, innovation, and long-term value creation. We are proud to partner with Liva on its journey to scale, diversify, and lead with purpose.”
Mr. Martin Rueegg, CEO of Liva Group, highlighted the strategic nature of the agreement and stated that, “This agreement is about more than refinancing; it represents a proactive step in strengthening our capital efficiency and readiness for the future. Sohar International stood out as a strategic partner that understands our operational landscape and shares our ambitions around regional integration, digital innovation, and customer-centric growth.”
The collaboration marks a significant step in reinforcing Sohar International’s regional growth ambitions, particularly in key markets such as the Kingdom of Saudi Arabia. Both institutions are aligned in their vision to support regional development through smart financial structuring, digital transformation, and customer-first business models.
Beyond financial consolidation, the agreement opens the door to broader engagement. Sohar International plans to provide tailored banking solutions that align with Liva’s evolving business needs, including digital transformation initiatives and operational scaling across new markets.
By forging such strategic alliances, Sohar International continues to reinforce its reputation as a financial partner of choice in the region, empowering businesses to unlock growth opportunities, accelerate expansion, and contribute meaningfully to the economic transformation of the wider Gulf region.
