November 3, 2018 / 9:01 AM / 13 days ago

Oman's Duqm Refinery signs $4.6 bln Sharia-compliant project financing

DUBAI, Nov 3 (Reuters) - Oman’s Duqm Refinery said on Saturday it had signed a $4.61 billion multi-sourced Sharia compliant project financing agreement.

“The financing is provided by 29 reputed financial institutions from 13 countries; insurance and guarantees are provided by three major export credit agencies,” Duqm Refinery said in a Twitter post.

The financing is the largest project financing and the largest Sharia-compliant facility for a green field project in Oman, it added. (Reporting by Maher Chmaytelli Editing by Alexander Smith)

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