Mubasher: Afaq Al Musana Trading Company, a 60% subsidiary of Oman Investment and Finance Co. (OIFC), has received a non-binding offer from a potential strategic investor to acquire 40 % of its shares.
The potential investor is specialized in the business of Afaq, according to a bourse statement.
The offer is subject to negotiation and due diligence processes, OIFC said, adding that the market will be updated on any developments regarding this deal.
In December 2015, OIFC acquired 60% of Afaq's shares for OMR 1.26 million.
