Oman Shipping Company (OSC) has financed two more VLCCs in a breakthrough $80m deal.
The company, part of the ASYAD Group, said in a statement to the Times of Oman that it has entered into a sharia-compliant "Ijara" leasing facility with Abu Dhabi Islamic Bank (ADIB).
This is its first such transaction and signals ADIB's ongoing commitment and ability to financing significant assets in the marine and energy sectors, it added.
