Al-Hosn Investment Company made an offer to acquire additional 11.5% of stake in Oman Qatar Insurance Company SAOG (MSM:OQIC) for OMR 2.3 million on September 21, 2022. Offer period will start from October 2, 2022 to October 6, 2022. Under the terms, Al-Hosn Investment Company will acquire 11.5 million shares of Oman Qatar Insurance for OMR 0.197. Zaid Al Malki and Nasser Al Tabeeb - Advocacy and Legal Consultancy acted as a legal advisor, Sohar International Bank SAOG acted as a manager and United Securities LLC acted as an financial advisor and fairness opinion provider to Oman Qatar Insurance.
Al-Hosn Investment Company completed the acquisition of additional 11.5% of stake in Oman Qatar Insurance Company SAOG (MSM:OQIC) on October 10, 2022.