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FINANCIAL NEWS
Oman’s PDO to borrow USD 3.4bn worth loan
06 Jun 2016
(MENAFN) Petroleum Development Oman (PDO) approved that it will borrow USD 3.4bn from a global finance house.
Accordingly, the firm is in the process of raising a loan in order to fund its operations in response to the recent low oil price.
Moreover, the borrowed loan will help to meet the needs of PDO activities for the coming nine to twelve months.
The firm aims to deploy the whole amount in different kinds of activities, especially in oil and gas development, capital and operating cost.
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12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
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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