Oman ORIX raises $25m bilateral term facilities from regional banks
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MUSCAT -
Jan 3: Oman ORIX Leasing Company SAOG, one of the leading Non-Banking Finance Companies in Oman, has successfully raised $25 million bilateral term facilities from regional banks.
The term facilities were provided by BBK BSC and the National Bank of Ras Al Khaimah (RAKBANK) and will be utilised by Oman ORIX to fund its leasing finance business. Alpen Capital LLC, Oman acted as the sole financial adviser to the transaction.
The signing ceremony with BBK was attended by Prasenjit Mandal, Department Head Institutional Banking, Shahin Mohammed Ahmed al Balushi, Chief Executive Officer, Oman ORIX along with other senior executives from both organisations and Alpen Capital.