Monday 17, January 2011 by

Six Omani, regional banks fund $296 million loan facility for OCTAL

OCTAL has secured a OMR 114 million ($296 million) senior term loan from a group comprising Bank Muscat, Bank Dhofar, National Bank of Oman, Bank Sohar, Ahli Bank and Qatar National Bank. Existing shareholders Muscat Overseas and Oman & Emirates Investment Holding Company have also agreed a junior debt facility of $15 million.

Features & Analyses