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Oman Engineering sells 50% stake in Ominvest

Oman Engineering sells 50% stake in Ominvest
Photo Credit: Arabianeye-Reuters
Ominvest
OMVS
-1.32% 0.23 -0.00
ONEIC
ONES
0.00% 0.12 0.00

Mubasher: Oman National Engineering and Investment Co. sold 2.5 million shares or 50% of its stake in Oman International Development and Investment Company (Ominvest) for OMR 1.17  million ($3.03 million).

The company previously reported profits of OMR 583,300 in Q1-15, up 15.4% from OMR 690,000 in Q1-14.