Middle East Economic Survey

VOL. XLIX

No 3

16-January-2006

OMAN

Sohar Aluminium Achieves Financial Close; Readies For Syndication

After signing a financing agreement with sub-underwriters on 11 December, conditions precedent were met and Omans Sohar Aluminium Company made its first draw of funds on 23 December. Syndication is expected to take place over the next few weeks. Aside from the underwriters, Citibank (financial advisor), ABN Amro and Sumitomo Mitsubishi Banking Corporation, and Export...