Monday, November 05, 2007

BankMuscat to fund Octal Petrochemicals with a US$166.5 mln loan

BankMuscat has agreed on a US$166.5 mln loan facility for Octal's APET sheet packaging plant. This completes the initial phase of financing for the venture in Salalah Free Zone, which aims to capture a 20% share of the global market for APET.

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