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Shopping Mall Seeking Loan in Barka, Oman

Upcoming outlet mall in Oman with ongoing construction seeks funds for timely project completion.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity Limited Liability Company (LLC)
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Shopping Malls
Locations  Barka
Local Time 6:10 PM Asia / Muscat
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 10 million for 10.5% annual interest, 15 years (Native Currency: OMR 4,000,000)
Reason: Require funds to complete the project, we have completed the ground floor and we need to build other... View More
Collateral Available: USD 16 million
Includes physical assets worth USD 1.8 million
Interested to connect with advisors
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Business Overview

- Company with an upcoming project that will be a unique outlet mall in Oman.

- The project is under construction and we have completed work till the ground floor.

- Land was leased 3 years ago and the company has solely funded the work with OMR 700k up till now.

- Our stipulated timeline for project completion is 24 months.

- The mall will have 3 floors, a built-up area of 10,600 sq. m. and a rentable area of 5,600 sq. m.

- We will personally bring all the brands that shall have their outlets in this mall.

- Project evaluators and professionals have projected the future value of the mall in 2 years to be at OMR 6 million. The mall will be kept as collateral.

Products & Services Overview

Outlet mall that will have more than 5,800 sq. m. rentable area. We will personally bring international brands to open their store.

Assets Overview

The physical asset owned by the company is the building (completed till ground floor) for which the company has used its funds of OMR 700,000.

Facilities Overview

Leased land plot of 5,000 square meters on which mall is being constructed. The land is on lease for the next 25 years and we pay a monthly rent of OMR 3,000 for it.

The mall will have a total built-up area of 10,600 sq. m. with a total rentable area of 5,800 sq. m.

The mall building will consist of 3 floors.

Recent Activity
  • 4 days, 6 hours ago
    CEO, Milan, Financial Consultant connected with the Business
  • Earlier than 15 days
    Assistant Vice President, New Delhi, Accounting Firm connected with the Business
  • Earlier than 15 days
    Strategy Consultant, London, Financial Consultant connected with the Business
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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