Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Energy Development Oman secured a $1 billion loan and refinanced debt, boosting financial stability and supporting national energy goals.

flag Energy Development Oman (EDO) secured a $1 billion five-year term loan, upsized from $750 million due to strong investor demand, with over half from non-GCC lenders, primarily Asian banks. flag The company also refinanced OMR375 million in term loans and expanded its revolving credit facility to OMR200 million, both extended to 2028. flag Proceeds will support general corporate needs and prepay part of a $2 billion facility due in 2029, improving debt maturity alignment. flag The transactions reflect growing international and domestic confidence in EDO’s financial strategy and Oman’s energy sector, supporting long-term growth and national energy security under Vision 2040.

4 Articles