Mechanics
- Quarterly interest payments end of each calendar quarter
- ndicative Interest rate is subject to balance sheet rated credit spread
- Good ratings lead to lower interest payments
Mezzanine Funding to companies in Oman
operating in the Oil and Gas industry
We aim to add targeted working capital to companies in Oman so that they in return can create in country value (ICV) and increase local employment and strengthen the Omani economy.
Don’t limit your challenges – challenge your limits!
Melevco has recognized the challenges which prevail globally, in the Middle East and in Oman. COVID 19, low oil prices and general low risk appetite of local banks.
Ready to fund working capital requirements for contractors with long term relationships PDO, IOS or government contracts in Oman.
To address these challenges Melevco is deploying 500 Million USD to mainly SME’s in Oman to support the oil and gas industry, and to other key industries.
Volume
The fund is targeting to disburse funds to around 50 companies. Size of funding will be determined in mutual agreement with recipients.
Repayment
3-5 years (one payment) – Pre payments can be allowed
Features
Our team
Legal
The Melevco project is supported by Oman Al-Hashmi Law
Omar Al Hashmi
Managing Partner
Dhana Pillai
Head of Real Estate, Tax and Project Finance
