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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Oman gives green light to investment stability fund worth $390 mln

Posted on 17 December 2008

From Xinhua: The Capital Market Authority of Oman has issued a license for the establishment of an investment stability fund worth 150 million rials (390 million U.S. dollars) in a bid to stabilize the country’s declining stock market, Oman Daily Observer reported on Tuesday.

The fund will have 60 percent government holdings, and the remaining 40 percent will be distributed to pension funds and the private sector, represented by banks, investment companies and the companies operating in securities, Minister of Commerce and Industry Maqbool bin Ali Sultan was quoted as saying. …. Full Article: Source


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