Dubai Takes Stake in Omani Bank

Shareholders of Oman-based BankMuscat have approved a proposal to raise capital through private placement of 15 per cent of its shares with Dubai Financial Group for RO238.3 million ($619 million). It....

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By: Christopher Owen
September 24, 2007
Shareholders of Oman-based BankMuscat have approved a proposal to raise capital through private placement of 15 per cent of its shares with Dubai Financial Group for RO238.3 million ($619 million). It....