In 2018, BankDhofar became the first bank from Oman to join the Blockchain consortium bank
chain, a consortium of global banks for exploring, building and implementing Blockchain solutions.
He is also well known to Arab Banking Corporation BSC, having previously worked for ABC in Bahrain from 2000 to 2005.***Notes to EditorsArab Banking Corporation ("ABC") is a consortium bank
owned by Kuwait, Abu Dhabi and Libyan government agencies.
The investigation showed that Sandip Jhunjhunwala was engaged in arranging false purchase/sales of invoices of rice and paddy through brokers/dealers of Delhi for availing maximum working capital limits from the consortium banks
and diverted working limits for capital expenditure.
Chinese and Pakistani consortium banks
led by China Development Bank and Habib Bank joined the deal after inking a series of financing agreements.
M2 EQUITYBITES-October 4, 2018--We.trade partners with three former Batavia consortium banks
BANKING AND CREDIT NEWS-October 4, 2018--We.trade partners with three former Batavia consortium banks
Global Banking News-October 4, 2018--We.trade partners with three former Batavia consortium banks
"The entire sale proceeds were not allegedly routed through the dealing branches of consortium banks
," added the complaint.
AbdulRazak Ali Issa, Chief Executive of Bank Muscat, thanked the consortium banks
for the successful financial closure of $725 million syndicated facility for Shadeed Iron & Steel LLC.