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Muscat – Bank Muscat announced on Monday that it has obtained regulatory approval to establish a strategic investment portfolio and invest in the listed banks in GCC countries.
‘Bank Muscat wishes to inform the market that it has received in-principal approval from the Central Bank of Oman to set up a wholly-owned Strategic Investment Portfolio (SIP) and invest up to RO150mn,’ the bank stated in a disclosure to the Muscat Stock Exchange.
This investment portfolio is part of Bank Muscat’s enterprise growth strategy, focusing on…
