20 August 2015
MUSCAT: Oman's Ministry of Commerce and Industry on Wednesday approved the merger between Oman International Development and Investment Company (Ominvest) and Oman National Investment Corporation (ONIC) Holding, according to a stock market filing.
As a result, ONIC has been de-registered from the records of the commercial registry of the ministry and its shares will be suspended from trading on the Muscat Securities Market.
As per the merger term, ONIC shareholders received 1.052 shares of Ominvest shares for every share held.
MUSCAT: Oman's Ministry of Commerce and Industry on Wednesday approved the merger between Oman International Development and Investment Company (Ominvest) and Oman National Investment Corporation (ONIC) Holding, according to a stock market filing.
As a result, ONIC has been de-registered from the records of the commercial registry of the ministry and its shares will be suspended from trading on the Muscat Securities Market.
As per the merger term, ONIC shareholders received 1.052 shares of Ominvest shares for every share held.
© Times of Oman 2015
