Ominvest increases its stake in National Finance to 34.6%

December 27, 2018

Oman International Development and Investment Company (Ominvest) has acquired an additional stake in National Finance Company to increase its shareholding in the company to 34.6 per cent.

‘Ominvest would like to disclose that it has increased its shareholding in National Finance Company to 34.6 per cent. The increase has been approved by the Central Bank of Oman and the Capital Market Authority’, Ominvest said in a disclosure filed to the Muscat Securities Market (MSM) on Wednesday.

National Finance Company is one of the largest associate companies of Ominvest. Ominvest shares closed 1.12 per cent higher on Wednesday at the MSM. Earlier Ominvest’s shareholding in National Finance Company was 25.2 per cent, according to Ominvest’s financial statements for the third quarter of 2018.