04.03.2013 - Dubai group sells $57mln Onic stake to Omani fund
An Omani sovereign wealth fund has bought a 41.1 per cent stake in Oman National Investment Corp Holding (ONIC) from a unit of the Dubai ruler's personal investment firm, the state funds said in a joint statement. The holding represents 71.3 million shares in ONIC, the statement said. At the last market price of the shares, the stake was worth RO22.1 million ($57.6 million). The stake was sold by Dubai Insurance Group (DIG), which is owned by Dubai Group, part of Sheikh Mohammed bin Rashid al-Maktoum's Dubai Holding conglomerate...............................................Full Article: Source
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