News Column

Bank Dhofar to raise $75 million subordinated loan

June 28, 2014

In a statement to the Muscat Securities Market, Bank Dhofar reported that its Board of Directors had resolved to raise capital, approving the raising of a $75 million subordinated loan to support the bank's capital adequacy position.

The loan will help support the Tier II capital of the bank and is subject to legal and regulatory approvals.

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Source: CPI Financial

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