Oman, Qatar to establish holding company
The governments of Oman and Qatar have agreed to set up a company called the Qatar and Oman Investment Holding Co. with an initial capital of 30 million riyals (Dh285 million).
Each government will hold a 20 per cent equity stake in the company. The remaining 60 per cent of the equity will be owned by private investors in both countries, with 30 per cent reserved for Omani investors and 30 per cent for Qatari investors, <i>Gulf News</i> reported.
The agreement was signed by Mohammad Bin Ali Al Kiyumi of the Oman Chamber of Commerce and Industry, and Shaikh Abdul Rahman Bin Mohammad Bin Jabir Al Thani of the Joint Businessmen's Council, an Omani-Qatari partnership.