Companies
Al Anwar to sell 9 per cent stake in Ominvest for RO31mn

Al Anwar Holdings (AAH) plans to sell its 9 per cent stake in Oman International Development and Investment Company (Ominvest) to Oman National Investment Corporation for OMR31.16 million. The company has entered into a share sale and purchase agreement with Oman National Investment Corporation (ONIC) for selling 62.943 million shares of Ominvest at a price of OMR0.495 per share, according to a disclosure statement posted on MSM website.
This transaction will have a positive impact on AAH’s profit and loss account for 2017-18 of around OMR3.67 million.
The sale proceeds from this transaction will be utilised towards partial debt repayment and making opportune investments going forward. Post this transaction AAH along with its subsidiaries will have 1.15 per cent stake in Omivest.
In another deal, Ominvest has signed a portfolio sale purchase agreement with Al Anwar Holding for the sale of its shareholding in Oman Chlorine S.A.O.G (15.11 per cent), National Detergent Co. (20.94 per cent) and National Biscuit Industries (28.92 per cent) for a total consideration of OMR 11.57 million.
-
Automotive2 months ago
South Korea Plans to Support Auto Sector with US$2B Following US Tariffs
-
News2 months ago
Aligning HR Strategies with Oman Vision 2040: A Roadmap for Organisational Growth – OER Business Summit 2025
-
News2 months ago
Oman Oil Prices Witness Drop Amid Shifting Global Trade Dynamics
-
OER Magazines1 month ago
OER, April 25
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, April 25
-
Renewables2 weeks ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
Banking & Finance2 months ago
Sohar International Bank SAOG Announces Intention to Merge with Ahli Bank SAOG
-
Banking & Finance2 months ago
Bank Nizwa Signs MoU with Ministry of Endowments and Religious Affairs to Enhance Endowment Management & Islamic Finance Frameworks
You must be logged in to post a comment Login