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OMINVEST subsidiary signs purchase deal with sovereign wealth fund

Oman National Investment Corporation SAOC, a subsidiary of Oman International Development & Investment Co. SAOG, or OMINVEST, has signed an agreement with Oman Investment Fund for the purchase of 15% of OMINVEST's shares.

The shares will be purchased for 0.478 Omani rial each. Oman Investment Fund is a sovereign wealth fund.

As of Oct. 4, US$1 was equivalent to 0.384 Omani rial.