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Article: rasmala investments acquires 70% of a brokerage company in oman

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Al Bawaba
Article date:
November 13, 2007
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rasmala investments acquires 70% of a brokerage company in oman

Rasmala Investments Holdings has announced that is has acquired 70% of Al Qurum Financial Investment Co. LLC. (Qinvest), an Omani brokerage company established in 1995.

Commenting on the announcement, Mr. Ali Al Shihabi, Founder and CEO of Rasmala Investments Holdings Limited said: "The buyout of Al Qurum comes as part of Rasmala's ongoing expansion in the region. Al Qurum, given its strong position and stature in the Omani Financial Market, is an ideal choice for us".

Upon the completion of the acquisition, Al Qurum will change its name to "Rasmala Investments (Oman) LLC." and will increase its capital ...

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