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21/04/2012 08:02 AST
Global Financial Investment Holding (GFIH) has announced that its Board has accepted a proposal from Takamul Investment, a majority Omani government-owned start-up company, for the purchase of its 19.62 per cent stake in Muscat Gases SAOG.
The company stated in a disclosure notification to the Capital Market Authority that the deal would result in a profit of RO 3.799 million at a price of RO 0.820 per share. Owned 90 per cent by Oman Oil Company, which in turn is wholly owned by the Omani government, Takamul was set up in 2006 with a mandate to promote and invest in greenfield value-added projects in three key areas: downstream petrochemicals, metals and minerals.
Oman Daily Observer
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25/04/2025
Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,
Saudi Gazette
24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
24/04/2025
QNB has launched a new campaign, aimed at rewarding customers to use their QNB Mastercard debit cards for everyday purchases.
The campaign, taking place from April 24-June 24, will offer win
Gulf Times
Financial Information Co.
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