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FINANCIAL NEWS
Omani government sells 19 percent stake in Omantel
24 Apr 2014
(MENAFN) Oman’s government could raise as much as USD530 million after selling 19 percent stake in its Omantel, according to Gulf Daily News.
Muscat bourse said that the Omani government aims to support its privatization program.
After completing the second part of the sale, the government will be owning 51 percent of the telecommunications company.
The share sale was in two tranches; the first was a private placement for institutions and wealthy individuals, while the second was a public offer for retail investors.
The second tranche was worth USD249.17 million, according to Reuters calculations.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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