Thursday 24 July 2014

Ominvest mulls merger with ONIC Holding

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


Ominvest eyes stake sale for banking arm

  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


Ominvest unit delays IPO to Sept

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 to float 25pc shares

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


Ominvest plans $1bn tourism resort

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

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