Ominvest (Oman International Development & Investment Company SAOG), one of Oman’s leading investment companies, has posted a profit of RO9.4 million ($24.35 million) for the six months of the year, marking a growth of 20 per cent.
Oman International Development and Investment Co (Ominvest) said on Sunday it had written to fellow investment firm Oman National Investment Corp Holding to open talks on a possible merger.
"Ominvest would like to disclose th
Oman International Development and Investment Co (Ominvest) is exploring potential stake sales in its banking arm, Oman Arab Bank, on top of existing plans to list part of its unit on the Muscat bourse, the investment firm said
Oman Arab Bank, the banking arm of Oman International Development and Investment (Ominvest) , has delayed its initial public offering (IPO) until September, according to a report published by the Oman News Agency.
The bank sent a letter to
Oman Arab Bank (OAB) has been cleared to float 25 per cent of its capital on the local bourse, its chief executive said on Monday.
Oman allows companies to float a minimum 40 per cent of their capital on the Muscat Securities Market so OAB
Oman's Ominvest is planning to build a $1 billion tourism resort in the southern port city of Salalah, the company's chairman said on Wednesday.
'The integrated tourist complex will have four hotels and housing units which will