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Bank Muscat has $50m exposure to Dubai World

Dubai, December 6, 2009

Oman's largest lender Bank Muscat said on Sunday it had RO19.25 million ($50 million) exposure to a syndicated loan from Dubai World Group.

In a regulatory filing, the lender said the exposure was part of a syndicated loan and continued to be serviced.

Shares of Bank Muscat are down 8 per cent at 0719 GMT on the Oman bourse.

The Muscat bourse has asked all listed banks to disclose any exposure to Dubai World Group whether directly or indirectly.-Reuters




Tags: Oman | investment | finance | Bank Muscat | Dubai World exposure |

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