Oman International Development and Investment Company SAOG agreed to acquire additional 5.87% stake in bank muscat SAOG.

Oman International Development & Investment Company SAOG is an Oman-based entity which is primarily engaged in investment related activities. The Company is organized into five business segments which include Investments, Banking activities, Insurance activities, Finance & Leasing activities, and Real estate. Investment segment comprises investment activities for both short-term and long-term purposes. Banking segment incorporates corporate, retail and treasury and investment banking activities. Insurance segment comprises insurance related activities for life and general insurance. Finance and leasing activities segment include financing and leasing activities. Real Estate segment is engaged in real estate activities.