Oman's Octal raises $625m for expansion

By Mariam Meskin
17 Jul 2019

Oman-based Octal, a leading producer of plastic packaging, has raised loans to the value of $625m from a range of local and international lenders

The transaction comprised a $225m term loan and $400m of working capital. 

Funds will be provided by Bank ABC, Bank Dhofar, Bank Muscat, HSBC Oman, National Bank of Bahrain, National Bank of Oman and Standard Chartered. Bank Muscat acted as financial advisor to the borrower.   

Proceeds will be used ...

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