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.

To contact the reporter on this story: Robert Tuttle in Doha at rtuttle@bloomberg.net

To contact the editor responsible for this story:

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.