08 March 2012
MUSCAT -- BBK, Bahrain's pioneer in retail and commercial banking, has recently arranged and underwritten term loan and working capital facilities for the W J Towell Group, one of the leading business groups in the Sultanate of Oman. The agreement between the two parties for these credit facilities was signed recently at a ceremony held at W J Towell's Head Office in Muscat.
Commenting on the agreement, Abdulkarim Bucheery, BBK's Chief Executive, said: "We are very pleased to be providing significant credit facilities to W J Towell, one of the leading Omani business groups. They are a long-established and well-diversified group who have expanded as Oman has grown. BBK, as one of the leading banks in the region, are keen to play a major role in helping established regional businesses to develop and grow further. This deal further demonstrates our endeavour to become a leading regional bank and is another important step in the evolution of the Bank. BBK looks forward to similar future transactions across the GCC region."
Hussain Jawad, Chairman, W J Towell & Co LLC said: "BBK is a highly respected regional Bank and we are delighted to have reached agreement with them to secure competitively-priced credit facilities which will enable our group to continue on our path of business growth."
Pictured at the signing ceremony in Muscat are (from left): Ankur Lalaji, Relationship Manager, Offshore Banking Department, BBK; Imad Sultan, Deputy Managing Director, W J Towell & Co LLC; Shaikh Rashed al Khalifa, Group Head -- Business Group, BBK; A Karim Bucheery, Chief Executive, BBK; Hussain Jawad, Chairman, W J Towell & Co LLC; and Manohar Shenoy, Group Chief Financial Officer, W J Towell & Co LLC.
MUSCAT -- BBK, Bahrain's pioneer in retail and commercial banking, has recently arranged and underwritten term loan and working capital facilities for the W J Towell Group, one of the leading business groups in the Sultanate of Oman. The agreement between the two parties for these credit facilities was signed recently at a ceremony held at W J Towell's Head Office in Muscat.
Commenting on the agreement, Abdulkarim Bucheery, BBK's Chief Executive, said: "We are very pleased to be providing significant credit facilities to W J Towell, one of the leading Omani business groups. They are a long-established and well-diversified group who have expanded as Oman has grown. BBK, as one of the leading banks in the region, are keen to play a major role in helping established regional businesses to develop and grow further. This deal further demonstrates our endeavour to become a leading regional bank and is another important step in the evolution of the Bank. BBK looks forward to similar future transactions across the GCC region."
Hussain Jawad, Chairman, W J Towell & Co LLC said: "BBK is a highly respected regional Bank and we are delighted to have reached agreement with them to secure competitively-priced credit facilities which will enable our group to continue on our path of business growth."
Pictured at the signing ceremony in Muscat are (from left): Ankur Lalaji, Relationship Manager, Offshore Banking Department, BBK; Imad Sultan, Deputy Managing Director, W J Towell & Co LLC; Shaikh Rashed al Khalifa, Group Head -- Business Group, BBK; A Karim Bucheery, Chief Executive, BBK; Hussain Jawad, Chairman, W J Towell & Co LLC; and Manohar Shenoy, Group Chief Financial Officer, W J Towell & Co LLC.
© Oman Daily Observer 2012
