Dubai PR Network, Online Press Release from Dubai and Middle East
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
Oman ORIX Leasing Company raises USD 25 million bilateral term facilities from regional banks
 
Oman ORIX Leasing Company raises USD 25 million bilateral term facilities from regional banks

Dubai, 3rd January, 2017:  Oman ORIX Leasing Company SAOG (“Oman ORIX”), one of the leading Non-Banking Finance Companies (“NBFC”) in Oman, has successfully raised USD 25 million bilateral term facilities from regional banks. 

The term facilities were provided by BBK BSC (“BBK”) and the National Bank of Ras Al Khaimah (“RAKBANK”) and will be utilized by Oman ORIX to fund its leasing finance business. Alpen Capital LLC, Oman acted as the sole financial advisor to the transaction.

The signing ceremony with BBK took place on 18th October, 2016 at the head office of Oman ORIX in Muscat and attended by Prasenjit Mandal, Department Head – Institutional Banking, Shahin Mohammed Ahmed Al Balushi, Chief Executive Officer, Oman ORIX Leasing Company SAOG, Oman along with other senior executives from both organisations and Alpen Capital. 

The signing ceremony with RAKBANK was held at the Capital Club in DIFC on 27th December 2016 and was attended by Sunil Pherwani, General Manager, Oman ORIX Leasing Company SAOG, Peter England, Chief Executive Officer, RAKBANK, Rohit Walia, Executive Chairman, Alpen Capital along with other senior representatives from Oman ORIX, RAKBANK and Alpen Capital.

“We would like to use this opportunity to extend our gratitude to all parties involved in making this transaction a success and supporting us in our growth objectives. We have made it a priority to diversify our funding sources and I am glad that we were able to establish new banking relationships in the region through this transaction”, says Shahin Mohammed Ahmed Al Balushi, Chief Executive Officer, Oman ORIX Leasing Company SAOG, Oman

“We are proud to be associated with this transaction and happy to support Oman ORIX with its growth strategy. Their strong track record and reputation have played an important role in helping us execute this transaction seamlessly and place it successfully with regional banks”, says Siraj Bhavnagarwalla, Managing Director, Alpen Capital LLC, Oman 

 “We are pleased to fund Oman ORIX for their Leasing Finance business. With a focus on Financial Institutions business, this medium-term financing will help us progress into Non-Banking Financial Institutions within the GCC region and will assist in diversifying our asset book,” says Peter England, CEO of RAKBANK

Posted by : Dubai PR Network Editorial Team
Viewed 5704 times
PR Category : Banking & Investments
Posted on : Tuesday, January 3, 2017  12:36:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Amlak successfully renegotiates restructuring terms with its...
Next Story : 10 Questions You Need To Ask Your Bank
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Make a Statement with MAKE UP FOR EVER's New Artist Liquid Matte Lipsticks [16726-Views]
Paris Gallery Eid Gift Guide: The Watch Edit [15061-Views]
LG G6: The Ideal Summer Vacation Companion [14213-Views]
SAINT HONORE Charisma Twist [13896-Views]
Lucky Winners celebrate winning gold bars with Malabar Gold & Diamonds – ‘BE A GOLD BULLIO... [12578-Views]
Gold Collagen® Hydrogel Mask with Second Skin Technology to Launch in Dubai in July 2017 ... [12359-Views]
IKEA Reveals Hidden Shortcuts as Father's Day Gift [12096-Views]
THEFACESHOP, White Seed brightening [11950-Views]
Skyline University College Conducted Health and Wellness Program [11682-Views]
Celebrate This Eid by Honouring your Loved Ones with a Special Gift [11553-Views]
TAG Heuer Luxury Kit [10504-Views]
Bhima Jewellers Spread Happiness this Ramadan with ‘BHIMA GIFT A SMILE' [10236-Views]
Keep your skin hydrated this summer with tips from Gold Collagen! [9748-Views]
New Collections at Grand Optics - Summer 2017 [9467-Views]
Marion Cotillard wears Chloé to 31st Cabourg Film Festival [9235-Views]
Celebrate Eid in 'Swiss Style' with stunning RAYMOND WEIL Freelancer [9065-Views]
TOD's Spring/Summer '18 Men's Collection [8979-Views]
Dsquared2 Men's and Women's Fall Winter 2017 Show [8930-Views]
Take A Sneak-peek into COÉGA Sunwear's 2018 Baby Swimwear Line [8760-Views]
Eid Al Fitr 2017 [8705-Views]
deLaCour Saqra Urban- Triumph Design [8692-Views]
Dubai will be ‘United in Celebration' during 10th Edition of ‘Eid in Dubai- Eid Al Fitr' [8534-Views]
WHITE MAN & WOMAN presents POAN - PEOPLES OF ALL NATIONS ‘The Phenomenon of Man' [8510-Views]
Al Barwani Wins 2017 Ramadan Challenge Senior Cup Title [8314-Views]
Starbucks Brings Back Summer Favorite S'mores Frappuccino on Popular Demand [8040-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories