NBB Group Closes Islamic Financing Deal Worth USD 235 Million for Oman-Based Mazoon Electricity Company

The NBB Group, which includes National Bank of Bahrain and Bahrain Islamic Bank, has finalised an Islamic financing facility valued at USD 235 million, for Oman-based Mazoon Electricity Company (MZEC). NBB Group serves as the sole structurer, arranger and bookrunner on the facility. 

Why it Matters?

Hisham AlKurdi, NBB Group CEO (Corporate and Institutional Investment Banking) commented on the strategic importance of the debut facility organised for MZEC, stating that Oman is one of NBB Group’s key markets. Advising and arranging financing for the electricity distribution and supply sector in Oman is the result of NBB Group strategy to develop its offerings and activities domestically, as well across the Gulf Cooperation Council (GCC) region.

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