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FINANCIAL NEWS
Oman to invest USD 50mn in Chinese aviation firm
17 May 2016
(MENAFN) Oman Investment Fund confirmed to buy USD 50mn in the initial public offering BOC Aviation, the aircraft unit of Bank of China.
Additionally, BOC Aviation attracted investors like Boeing and the Chinese sovereign wealth fund in order to buy shares in its USD 1.1bn initial public.
Meanwhile, Boeing committed USD 30mn, and Chinese billionaire Guo Guangchangs’ Fosun Intl’ will purchase USD 35mn of shares.
Accordingly, aviation is a growth sector, therefore they are raising capital to fund expansion and going public is a way to spread risks.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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