Muscat Intl and Bank Muscat reach $720M refinance
Sohar International and Bank Nizwa Oman signed financing documents worth $720 million to refinance Al Anqa Power Company, following the extension of the power purchase agreement for 15 years. The financing aims to support the operation of one of the most important electricity generation assets in the Sultanate of Oman and to enhance the resilience of the national energy sector, contributing to the achievement of Oman Vision 2040 objectives. This financing represents a significant step towards strengthening basic infrastructure and supporting sustainable economic growth in the Sultanate.
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