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.
-
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