Government transfers port shares to Oman Investment Fund

Muscat: Oman’s Capital Market Authority (CMA) has recently approved the transfer of the Government’s shares in the Port Services Corporation to Oman Investment Fund.
As per the agreement signed between the Ministry of Finance and the fund, the ownership of 33,736,300 shares at a nominal value of 100 baisas per share representing 35.497 per cent of the corporation’s capital has now been fully transferred to Oman Investment Fund, according to a disclosure statement posted on MSM website.