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Bank Sohar has $4.3m exposure to Nakheel

Muscat, December 6, 2009

Oman's Bank Sohar said on Sunday it had $4.3 million exposure to a syndicated loan from Dubai World's troubled property unit Nakheel.   

In a regulatory filing, the lender said the exposure was part of a syndicated loan, but added it had recently received interest and principal payments as part of the repayment schedule.

Shares of Bank Sohar are down 1.8 percent on the Oman bourse. - Reuters




Tags: Oman | Bank Sohar |

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