Middle East Economic Survey


No 2



Bank Muscat Signs $200Mn Loan Agreement With ORPC

Bank Muscat, one of Omans leading banks, signed a OR77mn ($200mn) term loan agreement with Oman Refineries and Petrochemicals Company (ORPC) to partly refinance its working capital needs, the bank reported on 2 January. The dual currency facility will be available either in Omani rials or US dollars and has a maturity period of up to 25 months. Bank Muscat has been closely involved in...