PROJECT

Projects

Summary of Proposed Investment

Project Number

24953

Company Name

BANK MUSCAT SAOG

Date SPI Disclosed

Apr 5, 2006

Country

Oman

Industry

Financial Markets

Projected Board Date

May 18, 2006

Status

Active

Sector

Commercial Banking - Housing Finance

Department

Global Industry, Financial Markets

Environmental Category

C - No Impact

Previous Events

Approved : May 25, 2006
Signed : Jun 10, 2006
Invested : Jun 28, 2006

Project Description

The project is to provide a long-term subordinated loan of $100 million to BankMuscat (S.A.O.G.) (“BankMuscat” or the “Bank”), the largest commercial bank in Oman with a market share of around 37%. The proceeds of the loan will be primarily utilized to strengthen the Bank''s capital base and support the Bank''s long-term mortgage financing. The proposed project is subject to the Bank obtaining necessary regulatory approvals

Sponsor / Cost / Location

Development Impact