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- Commercial Bank successfully issues QR500m bonds
- PIF embraces 'precision finance' with diversified debt strategy, says Global SWF
- Trade volume with Saudi Arabia up 65% to QR4.9 billion: Qatar Chamber
- Dukhan Bank named 'Qatar's Best Bank for Consumers'
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- Mepco unit breaks ground on tissue manufacturing facility at KAEC
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- Saudi Exchange lowers tick sizes to cut investor costs, boost trading efficiency
01/06/2015 18:26 AST
Oman International Development and Investment Company (Ominvest) and Oman National Investment Corporation Holding on Monday said their respective shareholders had approved the proposed merger of the two companies.
Under the plan, ONIC Holding said its shareholders would receive 1.052 Ominvest shares for every share they currently held, according to a bourse filing.
Ominvest said in a separate statement its shareholders had backed increasing its authorised capital to 90 million rials ($233.8 million) from RO50 million and its issued capital to RO55.28 million from RO37.04 million, to help facilitate the merger.
The new shares will be offered to ONIC Holding shareholders, the statement added.
Ominvest said in July it had written to ONIC Holding about forming a strategic arrangement between the two firms. On April 20, the boards of the two companies approved the proposed merger between the pair and said it would put forward the subject to shareholders.
Reuters
25/12/2017
The Muscat Securities Market (MSM) on Wednesday organised an investors meet and board discussion session for Oman International Development and Investment Co (Ominvest).
The event was att
Muscat Daily
05/10/2017
Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has assigned initial corporate ratings of 'BBB' Long-Term and 'A3' Short-Term to Oman
Press Release
10/08/2016
Oman International Development and Investment Company (Ominvest) on Tuesday said that the company and its strategic partners are in the process of finalising regulatory approval for acquiring Oman Ar
Times of Oman
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27/06/2025
Commercial Bank (a Qatari public shareholding company) successfully issued a 3-year tenor, QR500m Senior-Unsecured Bonds with a coupon of 4.90%.
In a statement published on the Qatar Stock E
The Peninsula
27/06/2025
Dukhan Bank has been awarded the title of "Qatar's Best Bank for Consumers" at the prestigious Euromoney Awards for Excellence 2025, reaffirming the Bank's leadership in delivering outstanding, Shari
The Peninsula
27/06/2025
Middle East Paper Company (Mepco), one of the largest paper manufacturers in the region, has announced that its key unit - Juthor Paper Manufacturing Company - has broken ground on TM6 - the second p
Trade Arabia
26/06/2025
Specialized Medical Company (SMC), one of Saudi Arabia's leading healthcare providers, made its trading debut on the Saudi Exchange following a successful initial public offering (IPO) that raised SA
Trade Arabia
26/06/2025
Sharjah-headquartered budget carrier Air Arabia has announced the resumption of flights from its hub to various destinations across Iran, Iraq, Georgia, and other key cities, effective Tuesday, July
Gulfnews
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