Middle East Economic Survey
Oman Refinery Company Secures $140Mn Loan At Low Margins
Oman Refinery Company (ORC) has secured a syndicated loan of $140mn at a low margin of 65 bps,MEES understands. Gulf International Bank (GIB) led a group of participating local and regional banks: Arab Bank, National Bank of Dubai, Oman International Bank, Oman Arab Bank, Commercial Bank of Qatar, and Bank Dhofar. Strong competition between banks for Gulf financings has pushed...