Oman Shipping Co. negotiates $80mn financing facility

Oman Shipping Company, a member of the ASYAD Group, announced the negotiation of an $80 million Sharia-compliant 'Ijara' facility with Abu Dhabi Islamic Bank, a leading international financial institution. The transaction represents OSC's first Sharia-based leasing 'Ijarah', as well as ADIB's ongoing commitment and ability to finance significant assets in…