BankMuscat ties up with Oswal

BankMuscat signed a financial advisory mandate agreement with Oswal Group Global to act as the exclusive financial adviser for its US$350-400mn caustic soda project in Salalah

BankMuscat recently signed a financial advisory mandate agreement with Oswal Group Global to act as the exclusive financial adviser for its US$350-400mn caustic soda project in Salalah. The project will be based in the Salalah Free Zone with the end-product expected to be sold regionally and to service the rapidly growing demand in the Australasian market.

The project has successfully completed its feasibility study and technology selection and construction is planned to commence in the fourth quarter of 2010.

AbdulRazak Ali Essa, chief executive of BankMuscat, said, We are delighted to enter into a mutually-rewarding relationship with Oswal Group and remain committed to supporting the industrial development in the Dhofar region.""

BankMuscat ties up with Oswal
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