Al Anwar to sell 9 per cent stake in Ominvest for OMR31m

13/11/2017 06:24 AST

Al Anwar Holdings (AAH) plans to sell its 9 per cent stake in Oman International Development and Investment Company (Ominvest) to Oman National Investment Corporation for OMR31.16 million. The company has entered into a share sale and purchase agreement with Oman National Investment Corporation (ONIC) for selling 62.943 million shares of Ominvest at a price of OMR0.495 per share, according to a disclosure statement posted on MSM website.

This transaction will have a positive impact on AAH's profit and loss account for 2017-18 of around OMR3.67 million.

The sale proceeds from this transaction will be utilised towards partial debt repayment and making opportune investments going forward. Post this transaction AAH along with its subsidiaries will have 1.15 per cent stake in Omivest.

In another deal, Ominvest has signed a portfolio sale purchase agreement with Al Anwar Holding for the sale of its shareholding in Oman Chlorine S.A.O.G (15.11 per cent), National Detergent Co. (20.94 per cent) and National Biscuit Industries (28.92 per cent) for a total consideration of OMR 11.57 million.

This is in alignment with AAH's core investment philosophy of making strategic investments in the industrial sector in Oman.


Times of Oman

News

Al Anwar Holdings inks pact with AccorHotels for management of Novotel

16/11/2017

AccorHotels, an international hotel chain, has signed a management agreement with Al Anwar Holdings SAOG for its brand new hotel - Novotel Muscat Athaiba. The agreement was signed by Masoud al Harthy

Oman Daily Observer

Al Anwar Holding to divest from Falcon Insurance

19/01/2017

Al Anwar Holdings SAOG (AAH), an Oman-based company listed on the Muscat Securities Market, has announced that it will be divesting part of its holding in Falcon Insurance Company SAOC.

The

Oman Daily Observer

Al Anwar net profit rises 28%

07/08/2014

Al Anwar Holding said its net profit surged ahead by 28 per cent to OMR1.59 million for the first quarter ending June, 2014.

The investment company's total income also rose 26 per cent to

Times of Oman

Most Viewed Companies

Ticker Price Volume

Valuation

AAIC Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
BKSB 0.19 0.00 (0.00%)
BKMB 0.43 0.00 (0.00%)
NBOB 0.49 0.00 (0.00%)
BKDB 0.21 0.00 (0.00%)
ABOB 0.20 0.00 (0.00%)

Recent News

APM Terminals Bahrain onboards first cohort of MARSA interns

21/09/2026

APM Terminals Bahrain, operator of Khalifa Bin Salman Port, has welcomed its inaugural cohort of Bahraini students and fresh graduates under its newly launched MARSA Internship Programme.

Th

GDN Online

Gulf Bank marks World Cleanup Day with Blajat beach cleanup campaign

21/09/2026

In line with its commitment to environmental sustainability and community engagement, Gulf Bank organized a beach cleanup campaign at Blajat Beach in collaboration with the Touristic Enterprises Comp

Kuwait Times

AlRayan Investment advises Baladna on its landmark rights issue

21/09/2026

AlRayan Investment (ARI) has announced the successful completion of the landmark rights issue of Baladna, one of the largest capital increases on the Qatar Stock Exchange (QSE) in the last few years.

Gulf Times

OQ deepens Oman-Angola energy ties during Royal visit with strategic cooperation memoranda

21/09/2026

OQ, Oman's global energy investment group, has signed two memoranda of cooperation to explore opportunities for collaboration across a range of energy and industrial sectors, strengthening economic a

Gulfnews

talabat appoints new Chief Marketing Officer

21/09/2026

talabat, MENA's leading everyday app, has appointed Selin Suzer as Chief Marketing Officer.

Suzer joins talabat from within the Delivery Hero group, where she was serving as Chief Marketing

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap