Financial and Banking News
LOANS AND ISSUES
OIB and NBO Arrange RO7mn Omani Deal
Oman International Bank (OIB) and the National Bank of Oman (NBO) have arranged a RO7mn ($20.3mn) loan for the Oman Refinery Company, which was signed earlier this month. Apart from the two lead managers, banks in the syndicate were Bank of Oman, Bahrain and Kuwait and Commercial Bank of Oman. OIB acted as agent for the deal.