Muscat: Oman Investment and Finance Company (OIFC) has reportedly received the necessary approvals from the Capital Market Authority to merge with Gulf Investment Services Holding Company (GIS).

In a public disclosure made to the Muscat Securities Market, the company stated: “We refer to the disclosure on 30/12/2020 concerning the resolutions of the Extraordinary General Meeting (EGM) that approved OIFC’s merger with Gulf Investment Services Holding SAOG, (GIS).

The statement added: “We wish to advise our shareholders that we have received OIFC’s revised Commercial Registration (CR), based on the resolutions of the EGM which the Ministry of Commerce, Industry and Investment Promotion has approved on 17/2/2021 and after the expiry of the statutory period for creditors to submit their objects on the merger as no objection was raised.

“We have also received the approval of the Capital Market Authority on the prospectus of the merger with GIS.”