Oman Investment Fund, the Gulf state’s sovereign wealth fund, announced that it has acquired a 41.13 per cent stake in the Oman National Investment Corporation (ONIC) from Dubai Insurance Group, a subsidiary of Dubai Group.
The stake represents 71,323,988 ONIC shares, the companies said in a statement.
ONIC, listed on the Muscat Securities Market, is a diversified financial services holding company in Oman.
Read more: http://gulfbusiness.com/2013/02/dubai-group-unit-sells-41-1-onic-stake-to-oman-fund/
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