MUSCAT: Oman Investment and Finance Company (OIFC) has acquired a minority stake in Dhofar Insurance, the company said on Wednesday.
In a statement disclosed to Muscat Stock Exchange (MSX), OIFC said it acquired 6.444% of the shares in Dhofar Insurance Company with a value of OMR 970,000.
“We are pleased to advise the shareholders of Oman Investment and Finance Company SAOG (OIFC) that as part of its investment diversification on October 25, 2021, OIFC has acquired 6.444% of the shares of Dhofar Insurance Company SAOG with a value totaling OMR 970,000,” OIFC said.
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