Corporate Finance Advisory

BankMuscat has a solid track record in financial advisory, making it the first choice of many of its reputable clients. The Bank's Corporate Finance & Advisory Unit offers integrated financial solutions tailored to client requirements, covering a wide spectrum ranging from business combinations to project & corporate finance, private equity advisory, equity capital market advisory and infrastructure advisory. Global Finance magazine has voted us the Best Investment Bank in Oman for the year 2010. Our other rankings and awards are as below:

Corporate Finance Advisory

The Unit assists clients in tapping into financial markets, through structuring and marketing of equity and debt. We work interactively with the client throughout the process, from structuring of the issuance to pricing, drafting of the prospectus/information memorandum, distribution and compliance. We help clients to facilitate the realization of projects through project and financial structuring, financial modelling and negotiation process. We have strong capabilities to provide strategic advisory for infrastructure projects, facilitating competitive bidding process, assisting in financial modelling as well as providing negotiation support. The 20 member team based out of Muscat and Riyadh has undertaken transactions worth USD 10.9 bn during the last few years in diverse geographies including Oman, UAE, Saudi Arabia, Bahrain, Jordan, Botswana and India Some of the transactions that were undertaken/under execution during the year are shown as below:

Corporate Finance Advisory

The Unit successfully closed the RO105 million, Oman Fixed Income Fund (OMFI). The Fund is the first-of-its-kind largest fund in Oman and offers subordinated financing to investee companies. With a 7-year maturity, OMFI is a closed-ended fund listed on the third market of Muscat Securities Market. The success of OMFI comes on the heels of the successful close of a USD 259 mn Oman Integrated Tourism Fund (OITPF) which was structured and placed in 2008. OITPF is the largest real estate fund focused on the Integrated Tourism Projects and other real estate projects in Oman.

The Unit is currently advising a consortium of International developers for preparing the bid strategy and raising financing commitments of nearly USD 2.0 bn for the purpose of bidding for the 1500 MW Sur IPP. With strong credentials in the power and water sector we are exploring financial advisory mandates in the Africa and Middle east region. Currently we have been mandated by a Jordanian water utility to provide our financial advisory assistance on a desalination water project. In the past we have acted as the Sole Financial Advisor to the Ministry of National Economy for the Solid Waste Management restructuring project in Oman, involving restructuring of the entire solid waste sector in the country.

The Unit has an active equity and debt market advisory practice. We have been involved in most of the Initial Public Offerings in Oman. The successful close of the USD 475 mn Nawras IPO under difficult market conditions in 2010 is a testimony to the strength of our experience in this area. In the past we have advised almost all the power companies in their IPOs including the largest IPO in Oman and the USD 750 mn Omantel IPO in 2005. We have also assisted several projects and companies raise debt and equity for their greenfield and brownfield expansions. We have raised nearly USD 400 mn for Octal Holding and Octal Petrochemicals during the last two years including USD 15 mn of mezzanine financing. During the peak of the credit crisis, we assisted Sohar Port Company raise USD 247 mn of debt from the local market. The Unit has recently started its Saudi operations through Muscat Capital and has been actively scouting for financial advisory mandates in the Kingdom. It has plans to expand its geographic reach in Kuwait and Bahrain in the near future.



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