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FINANCIAL NEWS
OUIC to launch public offering in 2014
24 Oct 2013
(MENAFN) Oman United Insurance Company (OUIC) plans to launch initial public offering (IPO) for Takaful in 2014, according to Oman Observer.
The Capital Market Authority has approved the launch plans to the company, according to Sayyid bin Salim al Busaidi, Managing Director of Oman United.
Al Busaidi said: “The company has a bright future and will be of great value proposition for the investors in the market.”
The new takaful company will deliver high quality products that rely on clients’ needs.
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