20 October 2007
MUSCAT -- Oman & Emirates Investment Holding Co SAOG (OEIHC) has acquired 28.82 per cent stake in Oman Hotels and Tourism Co SAOG (OHTC), thus increasing its total equity stake in OHTC to 59.84 per cent.
"This additional acquisition of 28.82 per cent has already been completed, and a further 11.18 per cent which we intend to acquire soon are for our overseas business associates and investors who have rich experience in investment and management of funds.
"Upon completion of the acquisition process, OEIHC and its consortium partners will chalk out the future strategy of OHTC," according to a statement from OEIHC.
MUSCAT -- Oman & Emirates Investment Holding Co SAOG (OEIHC) has acquired 28.82 per cent stake in Oman Hotels and Tourism Co SAOG (OHTC), thus increasing its total equity stake in OHTC to 59.84 per cent.
"This additional acquisition of 28.82 per cent has already been completed, and a further 11.18 per cent which we intend to acquire soon are for our overseas business associates and investors who have rich experience in investment and management of funds.
"Upon completion of the acquisition process, OEIHC and its consortium partners will chalk out the future strategy of OHTC," according to a statement from OEIHC.
© Times of Oman 2007
