UAE based private company to acquire majority shares in Omani public listed financial institution

  

Dubai – Celebrity Global Holdings, a UAE privately owned company, announced today the approval from the Capital Market Authority Oman to finalize the acquisition of the majority package in the public listed National Securities Co Oman.

The Capital Market Authority Oman approved the acquisition transaction of the majority shares package of National Securities Co by the privately owned holding Celebrity Global Holding based in Dubai, UAE. The transaction is expected to be finalized within the next week.

Celebrity Global Holding, owned and operated by Dr. Jalal Al Hadhrami, is currently the subject of the biggest private-public acquisition in Oman, opening the road to a new era of development and transformation in the financial services industry in Oman. The acquisition of National Securities Co majority package is a step part of the Celebrity Global Holding’s strategic plan related to reshaping and disrupting the financial services market in the GCC, which aims at the company’s growth through acquisitions and regional development.

Established in 1997, National Securities Co. SAOG is a public joint stock company, registered in the Sultanate of Oman in accordance with the Commercial Companies Law of Oman 1974. With a declared capital of RO 5 Million, out of which RO 2 Million is fully paid, the company is listed on the Muscat Securities Market and regulated by Capital Market Authorities in Sultanate of Oman.

“We are pleased to see our acquisition becoming a reality after the approval of the Capital Market Authority. Our strategic mission is to create an environment of innovation in the financial services market, by disrupting the market. We are looking forward to leading a massive strategically transformation in Oman” said Dr. Jalal Al Hadhrami, the Chairman of Celebrity Global Holdings.

Al Hadhrami, named the second most influential Arab under 40 by Arabian Business in 2017, is revolutionizing the entrepreneurial ecosystem through the region by implementing the concept DRD -Disrupt-Reshape-Develop. The Omani investment expert has a Ph.D. in Financial Management from UC Irvine and is a board member of various superior education entities such as Florida Institute of Technology.

About Celebrity Global Holdings
Celebrity Global Holdings “CGH”, is a Private holdings company engaged in Venture Capital and private equity, mergers, and acquisition “M&A”. CGH is based in Dubai, the United Arab Emirates, with investment vehicle companies in Muscat, Sultanate of Oman and New York City, United States of America.

© Press Release 2018

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