FINANCIAL NEWS

Oman- National Life Co. to offer 25pct shares to investing public

12 Apr 2017

(MENAFN) National Life & General Insurance Co. aims to float 25 percent of its shares to the investing public amid a basic offering before August this year.

Furthermore, the firm has initiated a process to offer the share by forming a committee and people are working on it.

Additionally, the IPO is in line with a government condition for national insurance firms in Oman to float shares before the cited period this year.

Recently, the Sultanate’s market regulator Capital Market Authority had approved a request from national insurance firms to offload a 25 percent share of promoters.

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MENAFN1204201700450000ID1095386984

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