09 Mar 2017
(MENAFN) Oman’s Salalah Methanol Co. asked banks for USD720mn syndicated loan that the state-run petrochemical firm would use for a new ammonia plant.
However, Salalah Methanol has not given an exact indication of the potential interest rate of the loan, but the borrower was looking at a rate in the low 300 basis points area.
Almost one-third of the USD720mn financing would be used to repay current debt, with the balance used to back construction of the new plant.
In addition, Canada’s SNC-Lavalin was given a construction deal by Salalah Methanol to build the ammonia plant, its utilities and off-site infrastructure.
MENAFN0903201700450000ID1095301867
MENAFN0903201700450000ID1095301867
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more