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 5118 times
PR Category : Banking & Investments
Posted on : Tuesday, January 03, 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
Global Innovations on its first day of success during the Arabian Travel Market 2017 [12853-Views]
TRESemme Hair Academy Launches in Arabia with Georges Mendelek and Alanoud Badr [11175-Views]
Alice + Olivia by Stacey Bendet takes over the W Café Doha [10895-Views]
ArabianTravel Market: New partnerships and tailored services for Middle Eastern guests [10108-Views]
MASSIMO DUTTI SS17 inspires an essential piece for Massimo Dutti women [9516-Views]
Tame Your Beard with The Art Of Shaving [9394-Views]
Introducing the First Collection of Luxurious Oriental Scents from Juicy Couture [9211-Views]
TAG Heuer announces its partnership with Dubai at Arabian Travel Market 2017 [7344-Views]
8 Reasons Why you will never drink green tea again [6856-Views]
Doha Bank achieves 2.9% profit growth with impressive ratios [6405-Views]
Roderer's RFID-blocking wallets [6356-Views]
Stadium's Outfit of the Week: Speedo swimwear [6295-Views]
Joyalukkas Opens a world of choice in Al Ahsa [6259-Views]
Artificial Intelligence and LG's Robotic Technologies are set to change the way will live ... [6155-Views]
Jewel Corner Opens Kiosk In The Heart of Sharjah, At Mega Mall [5917-Views]
Malabar Gold & Diamonds opens its 175th showroom in Nagercoil, Tamil Nadu, India [5697-Views]
Arabian Automobiles Company Announces ‘Buy Now Pay Later' Scheme [5655-Views]
MG E-motion Concept Makes World Premiere at the 17th Shanghai International Auto Show [5612-Views]
Chronoswiss Flying Regulator Wins Coveted Red Dot Design Award [5435-Views]
World Premiere – New BOVET Timepiece [5264-Views]
The 2nd edition of Modern Woman Show opens at Dubai World Trade Centre [5264-Views]
Mobile Doctors 24-7 introduces unique digital healthcare solution as part of Dubai Future ... [5063-Views]
Doha Bank Hosts Its Annual ‘Beach Clean-up' Event to Celebrate the Earth Day in Collaborat... [5014-Views]
Fa Soft & Control [5002-Views]
Renault Trucks' Ultra-Tough, New K Xtrem Arrives in the Middle East [4563-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories