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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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