Meethaq signs financing agreement with Oman Ammunition Production Company

Muscat: Bank Muscat’s Meethaq Islamic Banking has signed an agreement with Oman Ammunition Production Company (OAPC) for the refinance of part of the capital expenses of the company’s factory and the operation capital of the company.
Mohammed bin Nasser Al Rasbi, secretary general of the Ministry of Defence and chairman of the OAPC’s board signed the agreement on behalf of the company while on behalf of Meethaq Islamic Banking it was signed by Sulaiman bin Mohammed Al Yahyai, vice chairman of Bank Muscat.
The agreement comes within the strategy of Meethaq Islamic Banking for the provision of banking finance facilities and services to individuals and companies.