Doha, Qatar – Qatar Oman Investment Company (QOIS), a Qatari public shareholding company, announced a purchase and share swap agreement on Monday.
Under the agreement, QOIS purchased the shares of the National Real Estate Development and Investment (OSOS) in Muzn Oman, for 764 thousand Omani Riyals ($1,984,318), increasing QOIS’s stake in the company from 18.84 percent to 37.68 percent.
QOIS then exchanged its entire share in Muzn Oman of 37.68 percent, for the 10 percent share of Omani Ministry of Defense Pension Funds in OSOS, raising the shares of QOIS in OSOS to 15 percent.
Muzn Oman is a closed joint Omani company established in 2015, and is located in the Omani capital, Muscat. It includes a mall and a 3-star hotel.
OSOS is a closed joint Omani company established in 2008 by a group of major shareholders and businessmen in Oman and institutions from the GCC. It works in property development. The company provides solutions in the field of property marketing, management, consultancy and valuation.