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01 November 2007

Octal Petro gets plastic packaging debt

Omani company Octal Petrochemicals has secured a $166.5 million loan from BankMuscat for a plastic packaging plant in the Salalah Free Zone. The financing comprises a $148.5 million term loan, of which $34.5 million was syndicated to Bank Dhofar, and an $18 million working capital facility. The project is believed to be the first non-recourse deal done in Oman without government support.

Descon raises hydrogen peroxide plant debt

Allied Bank Limited has sole lead arranged a Rs1.1 billion ($18.1 million) limited...

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