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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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19/01/2026
Bank Muscat, the largest financial institution in Oman, posted a net profit of RO255.54mn for the year ended December 31, 2025, up from RO225.58mn in 2024, marking an increase of 13.3%.
Acco
Muscat Daily
19/01/2026
Oman's Asyad Shipping Company announced that it has signed shipbuilding contracts with South Korean shipbuilder Hanwha Ocean for the construction of three Very Large Crude Carriers (VLCCs).
Muscat Daily
19/01/2026
Specialized Medical Company (SMC Healthcare), one of Saudi Arabia's leading private healthcare providers, today announced the official opening of its new outpatient clinic center, SMC Clinics, on Pri
Trade Arabia
19/01/2026
In the final draw for the Thara'a Savings Account for 2025, Dukhan Bank is pleased to announce Sharifa Mohamed Al-Romaihias the winner of the QR1m Thara'a grand prize.
The winner was selecte
The Peninsula
19/01/2026
Saudi Electricity Company (SEC) has announced that it has successfully completed the issuance of a $2.4 billion US dollar-denominated senior unsecured sukuk, split across three tranches with maturiti
Trade Arabia
Financial Information Co.
Saudi Arabia