Thursday 24 July 2014

Key officials named to Onic board

Oman Investment Fund (OIF) a sovereign wealth fund of Oman, has appointed, among other new members, two insurance industry experts to the board of Oman National Investment Corporation (Onic) Holding. Andrea Moneta and Lakhdar Mous


Oman fund eyes Dubai Group's Onic stake

  An Omani sovereign wealth fund is in advanced talks to buy a near 42-percent stake in Oman National Investment Corp Holding (Onic) from a unit of Dubai's ruler's personal investment firm, two sources aware of the matter


Dubai Group in talks to sell Omani stake

Dubai Group, an investment vehicle restructuring $10 billion of debt, is in talks to sell its stake in Oman National Investment Corp Holding (Onic), three sources aware of the matter said on Wednesday. Dubai Group, part of Dubai H


RSA to buy top Oman insurer for $49m

UK-based RSA Insurance Group (RSA), a leading insurance group, will acquire Al Ahlia, an insurance firm with a network of 20 branches, from Onic Holding, a top financial services company in Oman, for OR19 million ($49 million). The purchas


Dubai Holding eyes Oman unit stake sale

Dubai Holding, owned by the ruler of the emirate, is in informal talks to sell its 41-percent stake in Oman National Investment Corp Holding (ONIC), three sources familiar with the matter said. The talks are currently in preliminary stages

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