Sunday, March 31, 2013

Oman’s sovereign wealth fund makes new appointments


Oman Investment Fund (OIF), a sovereign wealth fund of the Sultanate of Oman, has today (31 March) announced the appointment of, among other new members, two insurance industry experts to the board of Oman National Investment Corporation Holding.

OIF acquired a 41.13 per cent holding, in ONIC Holding in February 2013.

Andrea Moneta and Lakhdar Moussi join the ONIC Holding Board following their election at ONIC Holding’s AGM held on 30th March in Muscat. “Moneta and Moussi bring decades of international insurance sector experience and expertise to ONIC having worked for and advised some of the most prominent names in the industry,” a statement said.

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