Omani government’s 51% stake in Omantel gets transferred from Ministry of Finance to Oman Investment Fund
The Omani government’s 51% stake in Omantel [OTL.OM] has been transferred from the Ministry of Finance (MoF) to Oman Investment Fund (OIF). OIF is fully owned by the Omani government and is fully funded by the MoF. (Company disclosure, OIF) Omantel: OMR1.47 as of 14 Dec, Rating: Neutral, TP: OMR1.68/share, MCap: USD2,891mn, OTEL OM / OTL.OM
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