BankDhofar Raises $130 Million Loan, Muscat Daily Reports
Oman’s BankDhofar SAOG raised 50 million rials ($130 million) in a subordinated loan to raise its capital base and enable the Omani bank to lend more, Muscat Daily reported, citing a bank executive.
Mohammed Redha Ahmed Jawad, BankDhofar’s general manager, wholesale banking, said the loan’s tenure was five years and one month, the newspaper said.
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