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Oman’s ONIC Holding To Consider Ominvest Merger At Next Board Meeting

Oman’s ONIC Holding To Consider Ominvest Merger At Next Board Meeting

Ominvest said last month it had written to ONIC Holding about forming a strategic arrangement between the two firms

Oman National Investment Corp Holding said on Monday it would discuss a possible merger with Oman International Development and Investment Co (Ominvest) at its next board meeting.

Ominvest said last month it had written to ONIC Holding about forming a strategic arrangement between the two firms, with any tie-up subject to approvals of shareholders and regulators.

In a short bourse filing on Monday, ONIC Holding said it had received the merger letter and this would be discussed at its next board meeting, after which it would make a further disclosure on the matter.

No date for the board meeting was given in the statement.

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