Oman Ministerial Decision No. 210/2020 Determining the Return In Exchange for A Loan or Commercial Debt
Based on the Commercial Law issued by Oman Sultani Decree No. 55/90,
Letter of Oman Chamber of Commerce and Industry determining the value of the return in accordance with the provisions of Article (80) of the Commercial Law; and
Based on the public interest.
The following Decision was issued:
Article 1
The return in exchange for obtaining a loan or commercial debt shall be determined at a rate of (6%) six percent, unless less than said percentage is agreed upon, and the Minister may - in each case separately - agree with Oman Chamber of Commerce and Industry to exceed this percentage, if the term of the loan is long, or its purpose is related to projects that contribute to achieving economic development, or the degree of risk is high.
Article 2
The provisions of the preceding Article shall not apply to loans provided by banks, financing companies, and the lease of assets by the Central Bank of Oman.