The Oman Future Fund will allocate a percentage of its capital to stimulate the venture investment system
PHOTO
Oman will establish an investment fund with capital of 2 billion Omani rials ($5.2 billion), the state news agency reported on Wednesday, citing a decree by Sultan Haitham bin Tariq al-Said.
The Oman Future Fund will allocate a percentage of its capital to stimulate the venture investment system in small, medium, and emerging companies registered with Oman's SMEs Development Authority, the decree added.
($1 = 0.3849 Omani rials)
(Reporting by Nayera Abdallah; Editing by Jan Harvey)
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
© ZAWYA 2024
