Oman
Oman’s ITHCA Group and ADQ Establish Joint Investment Fund
Muscat: The two day visit made to Oman by HH Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE, and his meeting with His Majesty Sultan Haitham bin Tarik assumes great significance.
The aim of the visit wast to further strengthen Oman and UAE’s long-standing bilateral ties. Oman’s ITHCA Group has signed a MoU with Abu Dhabi Holding Company (ADQ) for the establishment of a joint investment fund RO 60 million to invest in nascent modern technologies in Oman.
The agreement was signed between Atif Said Al Seyabi, Vice President of ITHCA, and Mohammed Hassan Al Suwaidi, CEO of ADQ.
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