Asyad Shipping sells stake in two new-build LNG carriers Business

Asyad Shipping sells stake in two new-build LNG carriers

Muscat: Asyad Shipping has sold a 20 per cent stake in each of its two new-build liquefied natural gas carriers, ‘Muscat LNG’ and ‘Musandam LNG’, bringing two Omani institutions into the ownership of the vessels. In a disclosure to shareholders and market participants dated July 26, the company said it had signed an agreement with […]

Bank Nizwa proposes Alizz merger, Ominvest to take strategic stake Business

Bank Nizwa proposes Alizz merger, Ominvest to take strategic stake

Muscat: Bank Nizwa has proposed acquiring Alizz Islamic Bank and merging it into its operations, in a deal that could create a larger Islamic lender and bring Ominvest in as a major strategic shareholder. The proposal was disclosed through the Muscat Stock Exchange (MSX) on Thursday. Under the plan, Bank Nizwa would acquire the entire […]