Oman Broadband Company signs $239mn loan facility

Muscat: Oman Broadband Company (OBC) has signed a US$239.20 million 10-year loan facility, lead-arranged by Asian Infrastructure Investment Bank (AIIB) for the roll-out of optical fibre broadband infrastructure in support of the National Broadband Strategy of Oman.

Pictured in the front row (left to right) are Yee Ean Pang, Director General, Investment Operations, AIIB, and Said Al Harthy, Undersecretary of the Ministry of Transport and Communications and Chairman of Oman Broadband Company. In the back row (left to right) are Said Abdullah Al Mandhari, CEO of Oman Broadband Company; Ahmed bin Mohammed bin Salim Al Futaisi, Minister of Transport and Communications; Abdulsalam Al Murshidi, CEO of State General Reserve Fund (SGRF); and Seethapathy Chander, Senior Advisor to the Vice President and Chief Investment Officer, AIIB.