Get Live Data

The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPOView Video
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView Video

Latest Share Chat

  2. News & RNS
  3. Regulatory News
  4. Sale of Bank Muscat’s stake in Octal Holding

Sale of Bank Muscat’s stake in Octal Holding

1 Jun 2022 07:00

RNS Number : 5324N
BankMuscat (S.A.O.G)
01 June 2022
 

 

Date: 1st June 2022

 

Subject: Sale of Bank Muscat's stake in Octal Holding

We refer to our disclosure dated 2nd February 2022, wherein the Bank disclosed that it had signed the necessary agreements to sell its 4.99% stake in Octal Holding SAOC to Alpek Polyester, S.A. de C.V., ("Alpek"), a global petrochemicals company incorporated in Mexico, along with all other shareholders of Octal Holding.

We wish to disclose that all the customary conditions related to the mentioned sale transaction are now complete. The Bank will receive an amount of around OMR 12.1 million (USD 31.4 million) as a sale consideration for its 4.99% stake in Octal Holding SAOC resulting in capital gain of OMR 7.9 million (USD 20.5 million) from the transaction.

 

 

Waleed K. Al Hashar

Chief Executive Officer

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DISGUGDLLSGDGDB

Related Shares

Bankmuscat Regs (BKM)
4.00 (0.00 / 0.00%%)
0.00 - 0.00
Back to RNS

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.