Omani banks reveal over RO56mn exposure to troubled Darvesh Group firms
Published 25 Jan,2021 via Muscat Daily - Omani banks on Monday revealed combined exposure of at least RO56.1mn to the troubled firm AbouNabil LLC and other related companies of Darvesh Group.
The local banks announced their credit exposures to Darvesh Group after the Muscat Securities Market (MSM) instructed all the listed financial institutions to disclose their exposures to the companies related to this group.
Sohar International Bank disclosed that its aggregate exposure to Darvesh Group amounts to RO13.921mn, equivalent to approximately 0.38 per cent of the bank’s total assets.
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