IFC Capitalization Fund to invest $170 million in BankMuscat

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Tuesday 03, January 2012 by Robin Amlôt

IFC Capitalization Fund to invest $170 million in BankMuscat

IFC Capitalization Fund will invest $170 million in subordinated debt in BankMuscat to strengthen its capital base and help increase access to finance for small and medium enterprises (SME) and middle-income home buyers. The $170 million subordinated loan agreement was signed between IFC Capitalization Fund and BankMuscat on 29 December.

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