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FINANCIAL NEWS
Oman turns to other funding sources at USD 5-10bn
14 Jun 2016
(MENAFN) Oman is turning to other funding sources like procuring a USD 5bn to USD 10bn loan from the global market.
On the other hand, the Sultanate raised USD 2.5bn from its first global bond sale as it plans to plug a budget deficit caused by crude’s drop.
Additionally, Oman sold a USD 1bn of five-year notes at a yield of 245 basis points over the benchmark mid swap rate and USD 1.5bn of 10-year bonds.
Accordingly, falling state deposits among the downturn in oil prices led to moderate liquidity squeeze in the banking sector.
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Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
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BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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