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Al Hassan Engineering appoints OAB as private placement manager

Al Hassan Engineering appoints OAB as private placement manager
This initiative is in line with strategy to restructure financial capability for future projects- (Photo Credit: Arabianeye-Reuters)
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Mubasher: Al Hassan Engineering announced on Wednesday the appointment of Oman Arab Bank (OAB) Investment Group as a manager for private placement services.

“This initiative is in line with strategy to restructure financial capability for future projects,” according to a bourse filing.

The agreement includes raising private equity for Oman’s Al Hassan company and its subsidiary in Abu Dhabi.