Meethaq Islamic Banking, a unit of Bank Muscat, and Oman Shipping Company (OSC) have signed a RO78 million ($202.4 million) agreement to refinance existing very large crude carriers (VLCCs).
The VLCCs, owned and operated by OSC, t
Kuwait Finance House (KGH)-Bahrain has signed a deal with Meethaq Islamic Banking Group, a unit of Bank Muscat, to support joint business opportunities in the Islamic banking sector.
This relates to areas of treasury transactions,
Bank Muscat, Oman's largest bank by assets, will set up a sharia-compliant banking arm, it said in a statement, becoming the latest financial institution to announce plans to operate in the Islamic finance sector.
Operating under the Meeth