BankDhofar Empowers its Customers through Strategic Project Finance Solutions
In the wake of Oman's nascent post-pandemic economic resurgence, BankDhofar has emerged as a pivotal player in driving project and infrastructure development by effectively responding to the renewed financing needs of the economy.
Drawing from its extensive experience and remarkable track record in project finance and debt syndication, BankDhofar stands ready to provide the essential funding that developers require to seize the burgeoning opportunities presented by Oman's energetic recovery.
Over decades, BankDhofar has established itself as a go-to lender in the realm of project and structured finance, positioning itself as the financial partner of choice across diverse sectors encompassing physical infrastructure, industry, digital and social infrastructure. This is evident from the extensive portfolio of ongoing and completed projects that dot various governorates of the Sultanate of Oman.
Distinguished for its adeptness in crafting bespoke financing solutions, BankDhofar specializes in overarching project categories as below:
- Industrial (encompassing downstream Oil & Gas ventures, metals-based plants, cement mills, and manufacturing)
- Infrastructure (encompassing power and water utilities, ports, and transport corridors)
- Social Infrastructure (including educational institutions, hospitals)
- Digital landscape (telecommunications, broadband, data centers, and telecom towers).
This strategic focus underscores BankDhofar's strong commitment to playing a central role in Oman's long-term socioeconomic progress. These sectors represent the bedrock of the nation's future development and prosperity, and by addressing their financial requirements, BankDhofar aligns perfectly with the objectives of Oman's Vision 2040.
BankDhofar's expertise in project and structured finance is exemplified by its seasoned team, well-versed in tailoring financing solutions to the unique circumstances of each customer, their business operations, and available cash flows. The array of project and structured finance products and services offered, including Term Loans, Working Capital Loans, LC/LG and Bill Discounting, showcases BankDhofar's holistic approach to project and structured financing.
Recognized for its unparalleled 'Time-to-Money' executions, BankDhofar boasts a cadre of project and structured finance transactions well-known for their domain proficiency, banking and regulatory insights, product structuring, advisory and risk management acumen.
Moreover, by partnering with other local and regional banks, BankDhofar has also demonstrated its ability to offer mega-sized syndicated loans to customers. This was illustrated by its achievement in raising $400 million by way of a dual-tranche syndicated term loan facility, which was jointly arranged by Bahrain-based Bank ABC and Emirates NBD Capital, in May 2022. It marked the first time that an Omani bank was able to raise a secured overnight financing rate (SOFR)-linked syndicated term facility, which attracted a total of 14 banks from the Middle East and Asia.
In alignment with Oman's Vision 2040, BankDhofar's commitment to fostering economic growth through project lending remains unswerving. The bank’s alignment with Vision 2040 and its diversification objectives drives it to lend to commercially viable projects that stimulate broad-based economic growth and elevate living standards for all. BankDhofar's dedicated to offering solutions that meet the financial needs of our clients, harnessing our profound understanding of their business landscape and associated risks.
