Economy
OMINVEST Issues RO52mn Worth Of Mudaraba Trust Certificates

Oman International Development and Investment Company SAOG (OMINVEST) held an Extraordinary General Meeting last week [November 17], as per a circular issued to the Muscat Securities Exchange (MSX).
The meeting reportedly passed a resolution on the approval of a proposed issuance of RO52mn (RO52,000,000) worth of subordinated perpetual Mudaraba trust certificates (the Proposed Issuance) to Jabreen International Development Company SAOC (Jabreen Capital).
Jabreen Capital is a fully-owned subsidiary of the Company and is a related party, through ‘private placement’.
OMINVEST has also approved the reduction of their issued share capital from RO80,777,232.9 to RO66,836,542.6 by fully canceling the treasury shares that they will receive as part of the exchange transaction with Jabreen Capital after completing the Proposed Issuance.
-
Banking & Finance2 months ago
National Finance Reinforces Position as Partner for Growth, Offers a Comprehensive Product Suite to Support Customer Ambitions
-
OER Magazines1 month ago
OER, July 25
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, July 25
-
Education2 months ago
Russia offers diverse tourism and education opportunities: Sofia Malyavina
-
Digital1 month ago
Russia’s Digital Frontier: An Inside Look with Alexey Goreslavsky of IRI
-
News4 weeks ago
OpenAI Strengthens ChatGPT’s Mental Health Safeguards Ahead of GPT-5 Launch
-
Energy2 months ago
Oman Investment Authority launches the Sultanate’s First Energy Transition Fund
-
Business2 months ago
Need to rebuild trust and collaboration says Alexander Stuglev, Chairman & CEO of the Roscongress Foundation