Oman Investment Fund (OIF) a sovereign wealth fund of Oman, has appointed, among other new members, two insurance industry experts to the board of Oman National Investment Corporation (Onic) Holding.
Andrea Moneta and Lakhdar Mous
An Omani sovereign wealth fund is in advanced talks to buy a near 42-percent stake in Oman National Investment Corp Holding (Onic) from a unit of Dubai's ruler's personal investment firm, two sources aware of the matter
Dubai Group, an investment vehicle restructuring $10 billion of debt, is in talks to sell its stake in Oman National Investment Corp Holding (Onic), three sources aware of the matter said on Wednesday.
Dubai Group, part of Dubai H
UK-based RSA Insurance Group (RSA), a leading insurance group, will acquire Al Ahlia, an insurance firm with a network of 20 branches, from Onic Holding, a top financial services company in Oman, for OR19 million ($49 million).
Dubai Holding, owned by the ruler of the emirate, is in informal talks to sell its 41-percent stake in Oman National Investment Corp Holding (ONIC), three sources familiar with the matter said.
The talks are currently in preliminary stages