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13/11/2017 06:24 AST
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.
This is in alignment with AAH's core investment philosophy of making strategic investments in the industrial sector in Oman.
Times of Oman
16/11/2017
AccorHotels, an international hotel chain, has signed a management agreement with Al Anwar Holdings SAOG for its brand new hotel - Novotel Muscat Athaiba. The agreement was signed by Masoud al Harthy
Oman Daily Observer
19/01/2017
Al Anwar Holdings SAOG (AAH), an Oman-based company listed on the Muscat Securities Market, has announced that it will be divesting part of its holding in Falcon Insurance Company SAOC.
The
Oman Daily Observer
07/08/2014
Al Anwar Holding said its net profit surged ahead by 28 per cent to OMR1.59 million for the first quarter ending June, 2014.
The investment company's total income also rose 26 per cent to
Times of Oman
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16/01/2026
Mashreq has launched an instant, fully digital home loan pre-approval service aimed at speeding up and simplifying the mortgage process for homebuyers in the UAE. The new offering allows eligible exp
Gulfnews
16/01/2026
The National Shipping Company of Saudi Arabia (Bahri) and the Saudi Iron & Steel Company (Hadeed) have signed a Letter of Intent (LOI) to explore potential cooperation in maritime transport to meet H
Trade Arabia
16/01/2026
IHC, a global investment company focused on building dynamic value networks, has announced a strategic framework with the US International Development Finance Corporation (DFC) to mobilise transforma
Trade Arabia
16/01/2026
stc group enabled a seamless digital experience for more than 12 million Riyadh Season visitors through smart networks, high-speed connectivity, and real-time performance monitoring
Advanc
Saudi Gazette
15/01/2026
Qatar Islamic Bank (QIB) reported a net profit of QR4.83bn in the fiscal year ended December 31, 2025, registering a 5% year-on-year (y-o-y) increase from QR4.60bn.
Basic earnings per share
Gulf Times
Financial Information Co.
Saudi Arabia