News
06 January 2020

ADIB provides $80m financing to Oman Shipping Company

In:
Transport
Region:
Middle East & Africa

Abu Dhabi Islamic Bank (ADIB) has agreed to provide an AED293.86 million ($80 million) Shariah-compliant Ijara facility to Oman Shipping Company SAOC (OSC) to finance two VLCC tankers within the OSC group.The transaction represents OSC's first Sharia-based leasing “Ijarah”. The...

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