Ominvest, along with its strategic partners Oman Investment Fund (OIF) and Arab Bank (Switzerland) Ltd, has agreed to establish Ubhar Capital (U-Capital), which is envisioned to become Oman's leading independent investment banking platform. Subject to necessary approvals, Ominvest said U-Capital will soon acquire Oman Arab Bank's (OAB) investment banking business OABINVEST, which has a long-standing track record in corporate finance, asset management, brokerage and a leading market share in Oman. In March, Ominvest, together with OIF and Arab Bank (Switzerland), had entered into a memorandum of understanding (MoU) with OAB to acquire OABINVEST. (Muscat Daily)