Oman Qatar Insurance Company SAOG (MSM:OQIC) agreed to acquire Vision Insurance SAOG (MSM:VISN) from Al Wathba National Insurance Company PJSC (ADX:AWNIC) and others on December 8, 2022. the Company and VISN will merge, and all the assets and liabilities of VISN will be transferred to the Company. On completion of the Merger, VISN will de-list from the MSX and cease to exist as a legal entity and its shares will be cancelled. As of December 28, 2022, Oman Qatar Insurance shareholders approved the acquisition. Consideration for Vision shareholders will have an option to receive either OQIC shares maximum upto 11 million shares at an exchange ratio of 0.55 or cash of 0.12 per share of Vision.

Oman Qatar Insurance Company SAOG (MSM:OQIC) completed the acquisition of Vision Insurance SAOG (MSM:VISN) from Al Wathba National Insurance Company PJSC (ADX:AWNIC) and others on February 16, 2023. As of May 20, 2023, Oman's Capital Market Authority (CMA) has approved the transaction.