Mubasher: The Financial Corporation (FINCORP) on Thursday said that its 38.69% subsidiary FINCORP Al Amal Fund approved Majan Capital Fund’s request for a potential merger.

The firms are awaiting approvals from their respective shareholders and Oman's Capital Market Authority (CMA), they said in separate statements to the Muscat Securities Market (MSM).

Majan Capital Fund is a unit of Oman and Emirates Investment Holding Company (OEIHC).