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