Oman
DIDIC Proposes Possible Merger With OIFC
Muscat: Oman Investment and Finance Company SAOG (OIFC), received a letter today from Dhofar International and Investment Holding Company SAOG (DIDIC) expressing its desire to merge with OIFC by the way of incorporation.
In statement released by Mr. Said Ahmed Safrar, CEO of OIFC, the Board of Directors of the company will review the offer and obtain the necessary information in connection with the proposed merger.
If the parties agree to proceed with the merger, it will be subject to various conditions, including without limitation, approval of the relevant regulatory authorities and shareholders of the companies.
In another statement released by Mr. Ramez El Almoudi, CEO, DIDIC, the Board of Directors held a meeting on 11th February, 2023 to send a letter of intent to their counterparts in OIFC regrading the possibility of a merger between the two entities.
Further announcements will be made on any developments in due course.
Dossier Oman: Banking, Finance & Insurance Special Edition
OPINION – New CEO, New Era: What’s Next for Apple?
Asyad Group Announces Acquisition of Ligentia
African Bank of Oman Launched in Angola
Liva Insurance Oman Receives International Recognition with “Most Innovative Digital Insurance Solutions” Award
Oman Air, Oman Airports and SalamAir Reveal a Breakthrough Year
Liva Insurance’s ‘Know Your Numbers’ Campaign Drives Strong Community Engagement for World Health Day
OPINION: War, Climate, and the Costs We Choose Not to See
Liva Insurance Join Hands with Oman Diabetes Association to Tackle Diabetes and Obesity in a Community Drive
Hussain Al Maimani Joins MHD Infotech as Senior General Manager
Power And Beyond: The Path To A Low-carbon Future
Al Mouj Muscat unveils Ghadeer Villas
Time to Buy Saudi Stocks? Some Investors Look at Dubai Instead
Hospitality Industry in Oman Estimated 90% Growth in 2022
Renewables are booming, but not fast enough to cap greenhouse emissions
Retail Abu Dhabi’s ‘Unbox Amazing’ generates sales of more than AED 2 billion in participating stores
Saudis Sign Deals From Energy to Metals in Bid to Salvage Forum
Saudi Arabia’s Gold Miner Plans to Be a Global Top-20 Supplier
Technology to drive Sultanate’s downstream industry
Digitization and Logistics Service Providers Can Help SMEs Make the Most of Peak Season Retail Trends
VIDEO: Robert MacLean on how NHI is Shaping Oman’s Next Generation of Hospitality Leaders
The Future of Oman: Decoding The Sultanate of Oman’s Strategic Promotional Nation Brand
EXCLUSIVE: AI, Robotics & Wearable Sensors are Changing the Lives of Dementia Patients
EXCLUSIVE: Talking Renewable Projects & Sustainability in Oman and Beyond with Vipul Tuli
VIDEO: Eng. Salim Al Thuhli, CEO, Khazaen Economic City on Investment Opportunities
H.E. Salim Al Aufi, Minister of Energy & Minerals talks about Oman’s Green Hydrogen Goals
VIDEO: Talking Latest Developments in Aircraft Ground Guidance & More at Oman Airports
VIDEO: Dr. Firas Al-Abduwani Discusses Green Hydrogen, Potential Regions for Development & Creating a Green Ecosystem
VIDEO: Discussing The Future of Green Hydrogen in Oman with H.E. Salim Al Aufi
Celebrating Infoline’s Remarkable 20-Year Journey
-
OER Magazines2 months agoOER, February 26
-
Alamaliktistaad Magazines2 months agoAl-iktisaad, February 26
-
Economy2 months agoMiddle East Tensions Heighten Risks to Strait of Hormuz, Raising Uncertainty for Global Oil Markets
-
Economy2 months agoANALYSIS: Oil Near Seven-Month Highs Amid US, Iran Tensions
-
News2 months agoA Family Iftar Destination Arrives at Al-Futtaim IKEA in Oman
-
Economy2 months agoExclusive: Inside Oman’s Evolving MSME Finance Ecosystem – An Interview with Hussain Al Lawati, CEO, Development Bank
-
Banking & Finance4 weeks agoSohar International Contributes OMR100,000 to Support Those Affected by Al Masarrat Weather Conditions
-
News2 months agoAir India Express Announces ‘Payday Sale’; Offers Lowest Fares Across Domestic & International Network