Direct and Indirect exposure to Abou Nabil LLC

RNS Announcement

RNS Number : 7280M

BankMuscat (S.A.O.G)

25 January 2021

Date: 25^th January 2021

Direct and Indirect Credit Facilities to Abou Nabil LLC (related to Darvesh Group)

We refer to Muscat Securities Market instructions on the above subject and would like to inform the market that Bank Muscat has an exposure totaling OMR 2.1 million to Abou Nabil LLC. The bank has also another exposure totaling OMR 1 million to another related company to Darvesh Group. Thus, the total exposure to Darvesh Group is OMR 3.1 million.

Ahmed Faqir Al Bulushi

Chief Corporate Banking Officer

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RNS metadata

Title: Direct and Indirect exposure to Abou Nabil LLC
Time: 07:00:06
Date: 25 Jan 2021
Category: Miscellaneous
ID: 7280M