Oman National Investment Corporation S.A.O.C entered into a share sale and purchase agreement to acquire 9% stake in Oman International Development and Investment Company SAOG (MSM:OMVS) from Al Anwar Holdings SAOG (MSM:AAIT) for OMR 31.2 million on November 12, 2017. Under the transaction, Oman National Investment Corporation S.A.O.C will acquire 62.94 million shares of Oman International Development and Investment Company SAOG at OMR 0.495 per share. The sale proceeds from the transaction shall be utilized by Al Anwar Holdings towards partial debt repayment and making opportune investments going forward. The transaction will have a positive impact on Al Anwar Holdings' profit and loss account for fiscal year 2017-18 of around OMR 3.67 million. The transaction shall not have a direct impact on stand alone financial statements of Oman International Development and Investment Company SAOG.

Oman National Investment Corporation S.A.O.C cancelled the acquisition of 9% stake in Oman International Development and Investment Company SAOG (MSM:OMVS) from Al Anwar Holdings SAOG (MSM:AAIT) on November 12, 2018.