Salalahmills

Salalah Mills signs RO12mn loan agreement with Alizz Islamic Bank

Muscat – Salalah Mills Company has signed a loan agreement with Alizz Islamic Bank to obtain RO12mn financing for the construction of its proposed food industries project at Khazaen Economic City in Barka.

‘Salalah Mills would like to disclose to the shareholders and investors that it has signed a long-term loan agreement with Alizz Islamic Bank. The value of the loan is RO12mn for a period of 10 years for the construction of industrial bakery project in Khazaen Economic City,’ Salalah Mills said in a disclosure to the Muscat Stock Exchange on Wednesday.