03 Jun 2013
(MENAFN) Shankar Krishnamoorthy, president and CEO of GDF SUEZ South Asia, Middle East & Africa, stated that the company sold 10 percent of its stake in Sohar Power Company in Oman, reported Arabian Business.
The CEO also said that the sale was to an investment holding company of MENA Infrastructure Fund. GDF SUEZ had a 35 percent stake left in the Oman-based company after the completion of the sale.
Krishnamoorthy added that the French firm’s 35 percent meant that it still had the biggest share in Sohar.
It is worth mentioning that GDF SUEZ retains interests in five other power assets which are Barka 2, Sohar 2, Al Rusail, Barka 3, and Al Kamil.
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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