Oman begins divesting stakes in firms to boost privatisation
Oman’s finance ministry has begun transferring stakes it owns in listed and private companies to other state-owned corporates and sovereign funds, the country’s undersecretary of finance has said, a move that could pave the way for them to be privatised in the future. Oman has already outlined plans to sell off state assets as it seeks to cope with a budget shortfall in the wake of lower oil prices. (Gulf News)
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