Mubasher: Oman - based Bank Dhofar said it has secured three-year $250 million loan.

The bank will use the loan proceeds to meet general finance needs, according to Reuters.

The loan was arranged by; Bank ABC, BNP Paribas, Commerzbank, Credit Agricole, HSBC and National Bank of Abu Dhabi.

The loan's contract was signed in the last week on December 2015.

The lender reported net profits of OMR 33.4 million ($86.5 million) in the nine-month period ended 30 September 2015, up 10.1% from OMR 30.33 million ($78.5 million) in the same period of 2014.