Mubasher: Ubhar Capital said it acquired Investment Management Group of Oman Arab Bank (OAB).

The acquisition will encompass the entire existing Investment Management Group platform, including systems, human resources, licenses, assets and liabilities.

In March 2016, Oman Investment Fund (OIF), Oman International Development and Investment Company (Ominvest) and Arab Bank (Switzerland) (ABS) entered into a Memorandum of Understanding (MOU) to acquire Oman Arab Bank’s (OAB) Investment Management Group business.