BankMuscat Offers Loan to ORPC

MUSCAT- BankMuscat has signed a RO77 million term loan facility with Oman Refineries and Petrochemicals Company, or ORPC, to partly refinance its working capital needs. The dual currency facility, which will be available either in Omani riyal or US dollar, has a maturity period of up to 25 months.

  • PUBLISHED: Tue 5 Jan 2010, 12:06 AM UPDATED: Mon 6 Apr 2015, 10:23 AM
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AbdulRazak Ali Issa, Chief Executive of the bank, and Masoud Al Msalmy, GM - Corporate Support and Acting Chief Executive Officer of ORPC, signed the agreement. ORPC, a wholly-owned government company, operates two refineries at Mina Al Fahal and Sohar.


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ravindranath@khaleejtimes.com