Meethaq, the Islamic banking window of Bank Muscat, has signed a financing agreement with Drug Manufacturing Company (DMC) for setting up a state-of-the-art manufacturing unit in Sohar Industrial Estate. Ali Musa al Balushi, Chief Executive Officer of DMC said that the company, with an installed capacity of 420 mt annually, will manufacture pharmaceutical products, including active pharmaceutical ingredients (APIs), intermediates and formulations. The promoters of DMC have the expertise and experience in setting up and running similar pharmaceuticals projects in Oman and India, he added. (Oman Observer)