FINANCIAL NEWS

Oman fund to invest USD100mn in Irish mining firm

22 Jun 2016

(MENAFN) Oman’s State General Reserve Fund (SGRF) signed an agreement with Ireland Kenmare Resources for USD100mn investment in the mining firm.

Additionally, the deal with the SGRF is part of USD275mn capital raising by Kenmare, which will give up to 29.2 percent of Kenmare.

Accordingly, the firm is pleased of the deal for the investment of USD100mn by SGRF and is encouraged by the level of interest shown by investors.

Moreover, the company will achieve the minimum target of USD275mn, and looks further to engage with investors.

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