Middle East Economic Survey

VOL. XLVIII

No 45

7-November-2005

OMAN

Sohar Aluminium Appoints Three Underwriters

Sohar Aluminium Company has appointed three underwriters for its proposed $2.2bn smelter, MEES learns. They comprise Citibank (also the financial advisor), ABN Amro, and Sumitomo Mitsubishi Banking Corporation. When the request for proposal (RFP) was sent out to banks (MEES, 10 October) Sohar asked for a minimum underwriting commitment of 50% of the $1.5bn debt in order to expedite the...