Oman Cement to obtain a loan to finance new mill project

Oman Cement has decided to obtain a loan from a leading Omani bank to finance a new mill at its existing plant with an expected expenditure of US$39m.

Jamal Shamis Al Hooti, CEO of the sultanate’s second-largest producer, said: “…while our acceptance to the Bank's offer has been communicated, an agreement in this regard is being finalised.” (Source: Muscat Securities Market)