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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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27/01/2026
Kuwait Telecommunications Company - stc, a world-class digital leader providing innovative services and platforms to customers, enabling the digital transformation in Kuwait, announced that it has wo
Kuwait Times
27/01/2026
QIIB has reported a 7.2% year-on-year increase in net profit to QR1.35bn in 2025 and recommended a total 53% dividend.
Earnings-per-share (EPS) increased to QR 0.82 in 2025, reflecting the l
Gulf Times
27/01/2026
QNB Group, the Lead Sponsor and strategic partner of Web Summit Qatar 2026, is reaffirming its position as a driving force behind the country's digital transformation journey.
By uniting dec
Gulf Times
27/01/2026
Al Habtoor Group said it will move forward with legal action against Lebanon after years of unresolved investment disputes and mounting losses of $1.7 billon linked to banking restrictions and state
Arab News
27/01/2026
Commercial Bank, the first bank in the market to introduce digital account opening, has further strengthened its leadership in innovation with the launch of its newly enhanced Corporate Digital Accou
The Peninsula
Financial Information Co.
Saudi Arabia