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Ahli Bank sets forth RO8.1mn financing for Duqm Cement

14 Dec 2020

Supporting initiatives to scale up the robust industrial sector in the sultanate, Ahli Bank has announced the financing of RO8.1mn for Duqm Cement Factory’s new cement grinding plant in Duqm Industrial Estate. 

A signing ceremony with Duqm Cement Factory, a wholly owned subsidiary of RaysutCement Company, took place on Thursday. Signing the agreement on behalf of Ahli Bank was Hanaa al Kharusi, general manager – corporate banking while Raysut Cement was represented by its group CEO Joey Ghose. Raysut Cement chairman Ahmed bin Yousuf al Ibrahim and acting deputy group CEO Salim bin Ahmed al Ibrahim were also present, according to a press release.

Hanaa said, “Ahli Bank is pleased to finance Duqm Cement Factory’s new cement grinding plant in Duqm Industrial Estate. The partnership with Duqm Cement Factory will go a long way in enhancing the industrial sector’s growth in Oman as the factory will be a feeder to infrastructure projects in the area from industrial, logistics, real estate and tourism and will help in generating more employment opportunities.”

Ghose said, “We would like to extend our sincere gratitude and appreciation to Ahli Bank for financing the Construction of Duqm Cement Factory’s new grinding plant in Duqm Industrial Estate.”

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