Initial Annual Unaudited Financial Results for the year ended 31 December 2023
January 15, 2024Board of Directors Resolutions’ Disclosure
February 18, 2024Company News
2024-02-01
Disclosure of Refinancing
Al Batinah Power Company SAOG (the “Company”) advises the Capital Market Authority, the Muscat Stock Exchange, and the investors’ community that the Company successfully achieved refinancing of its Commercial loan facility on 31 January 2024, thereby eliminating the cash sweep covenant, which was activated from 30 April 2023. As a result of refinancing, the Company will be able to make future dividend distributions subject to the availability of cash and fulfillment of covenants agreed upon within the Finance Documents, which include making adequate provisions for forecasted loan repayments and operating expenses.