Ahlibank’s reputed Investment Banking division has been appointed as the Sole Financial Advisor and Mandated Lead Arranger for the Port of Duqm’s fundraising plans. Port of Duqm Company is in preparation to set up steel hub in the Duqm Port. Such set up requires sizable port facilities and therefore necessary financing will have to be raised by Port of Duqm. As part of a recent agreement signed between the two entities, Ahli Bank has been appointed as the Sole Financial Advisor and the Mandated Lead Arranger to Port of Duqm’s expansion plans.
Hanaa Al Kharusi, Senior General Manager of Wholesale Banking at ahlibank, stated “We at ahlibank are delighted to have collaborated with the Port of Duqm Company in offering guidance for this pioneering venture in setting up of the steel hub that will accommodate world-class companies at Oman’s prestigious port city. This financing deal is a significant milestone as it represents one of the most strategic greenfield projects to be financed in Oman to date. It will present an excellent long-term investment opportunity for local, regional and international financiers by facilitating trade and fostering economic growth. The expansion will cater to the rising demand in the manufacturing sector while ensuring stable cash flows. Our Investment Banking team is committed to reinforcing its reputation as a trusted advisor to marquee corporate and GRE clients by providing customized and timely financial solutions.”
Reggy Vermeulen, CEO, Port of Duqm, said, “We are thrilled to share that the Port of Duqm Company has appointed ahlibank as the sole financial advisor to raise the necessary funds for the set-up of steel hub in Duqm. This strategic milestone will provide more opportunities for the employment and In-Country-Value.”
He further stated, “The partnership with ahlibank is a testament to the Port of Duqm Company’s commitment to serve Oman’s Vision 2040 and continue supporting a sustainable future for Oman’s economy.”
ahlibank Investment Banking provides a comprehensive range of financial advisory and fundraising services with proven track record across products including Equity/Debt capital markets, debt syndications, refinancing/restructurings, M&A, private equity, Islamic finance and structured finance, complemented by its asset management team offering diverse range of investment solutions across asset classes to institutions and high net worth clients and is the only bank in the country to provide brokerage and research services to clients.
