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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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16/05/2025
Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, has delivered a 3.8% year-on-year revenue growth, reaching AE
Trade Arabia
16/05/2025
Abraj Energy Services has signed a contract with BP Oman to provide a drilling rig for operations in Block 61, with the rig expected to become operational in the fourth quarter of 2025.
The
Muscat Daily
16/05/2025
Commercial Bank, a leader in innovative digital banking solutions, has unveiled its all-new Corporate Mobile Banking App, setting a new standard for business banking in the region.
This stat
Gulf Times
16/05/2025
Emirates NBD is rolling out a new AI-driven solution to strengthen its compliance checks on payments and trade transactions, as part of a wider effort to improve safety, speed, and transparency in fi
Gulfnews
16/05/2025
In line with its leading and responsible role in the banking industry, National Bank of Kuwait continues to advance confidently towards building a sustainable future by implementing its environmental
Kuwait Times
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