Oman Cement Company Taps Sohar Islamic Bank to Secure Funding for Expanding Misfah Plant

Posted on 08/15/2022

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Oman Cement Company S.A.O.G is a listed company and is 51% owned by Oman Investment Authority (OIA).

Oman Cement Company hired Sohar Islamic Bank as its Mandated Lead Arranger (MLA) to secure the funding necessary to finance the capacity expansion of its Misfah plant. Oman Cement is keen on expanding a new production line with a capacity of 10,000 tonnes per day (TPD) of cement.

On a separate note, Oman Cement is investing around RO 10 million to enhance environmental safeguards at the Misfah plant.