NO. 26


Financial and Banking News

Regional Banking

Bank Dhofar al-Omani al-Fransi to Arrange Lekhwair Field Finance

Bank Dhofar al-Omani al-Fransi, a French-managed bank established in Oman in1990, announced on 23 March that it will arrange a locally syndicated loan worth$16.5mn for the newly-formed National Drilling and Services Company of Oman. Theloan will cover 70% of the purchase price of two drilling rigs worth $23mncurrently being assembled in Houston, Texas, which...