Mubasher TV
Contact Us Advertising   العربية

OEIHC’s unit completes merger with FINCORP Al Amal Fund

OEIHC’s unit completes merger with FINCORP Al Amal Fund
OEIHC currently holds a 92.44% stake in Majan Capital Fund

Mubasher: The merger of Majan Capital Fund, a subsidiary of Oman & Emirates Investment Holding Co (OEIHC), with FINCORP Al Amal Fund, affiliated to the leading investment banking company FINCORP, has been completed.

Following the merger, OEIHC’s stake in FINCORP Al Amal Fund becomes 39.11%, OEIHC highlighted in a statement to the Muscat Securities Market on Tuesday.

OEIHC currently holds a 92.44% stake in Majan Capital Fund, according to the statement.

“The swap ratio was based in the net asset value of the respective funds as at 28 April,” OEIHC said.

In January, FINCORP said announced that FINCORP Al Amal Fund approved Majan Capital Fund’s request for a potential merger.