Mubasher: Oman Investment and Finance Company (OIFC) signed an OMR 400,000 agreement on Sunday to buy due debts owed to Ooredoo.

OIFC, listed in Muscat’s bourse, expected reasonable profit from the debt collection.

Ooredoo clients pay the conglomerate their bills through OIFC as per an agreement between the two Muscat-listed companies.

OIFC’s share rose 6.06% to OMR 0.21 per share in yesterday’s trading.