VOL. XLVII
No 20
17-May-2004
REGIONAL BANKING
Salalah Port Signs $110Mn Loan Agreement For Refinancing, Expansion
Salalah Port Services (SPS) has signed a $110mn loan agreement with Bank Muscat, Bank Dhofar and Gulf International Bank (GIB) to refinance an existing $55mn loan and to pay for further expansion of the port. The loan will be repaid in seven years from June 2008 and carries and interest rate of 1.25% per quarter over Libor. Bank Muscat and Bank Dhofar made commitments of $42.5mn and...
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