BankMuscat has signed an agreement with Oman Cement Company (OCC) for term loans totaling RO. 26 million, which aims at refinancing and modernizing OCC plants. Abdulrazaq bin Ali bin Issa, Chief Executive of the Bank signed the agreement on behalf of BankMuscat and Jamal bin Shamis al-Hooti, Chief Executive Officer (CEO), signed on behalf of OCC in the presence of Dr. Abdullah bin Abbas bin Ahmed, Chairman of OCC. The loan will be invested in funding the project for upgrading the OCC furnace efficiency and improving equipment of combating pollution, in addition to benefiting from the loan in the recovery of another funding loan.