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Sun 29 Apr 2018 12:03 PM

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UAE firm to acquire National Security Company Oman

The deal is set to be finalised within a week

UAE firm to acquire National Security Company Oman

UAE-based Celebrity Global Holdings has been approved by Oman’s Capital Market Authority to finalise an acquisition of the majority package of the publicly-listed National Securities Company Oman, the company announced on Sunday.

According to Celebrity Global Holdings, the transaction is expected to be finalised within the next week.

Celebrity Global Holdings, which is owned and operated by Dr. Jalal Al Hadhrami,

“We are pleased to see our acquisition becoming a reality after the approval of the Capital Market Authority,” said Dr. Jalal Al Hadhrami, the chairman of Celebrity Global Holdings. “Our strategic mission is to create an environment of innovation in the financial services market, by disrupting the market.”

“We are looking forward to leading a massive strategic transformation in Oman,” he added.

Established in 1997, National Securities Co. SAOG is a public joint stock company with a declared capital of RO 5 million ($12.99 million), of which RO 2 million ($5.2 million) is fully paid.

The company is listed on the Muscat Securities Market.

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