We love the international appetite of investors from the Middle East: after the collapse of former carrier of Hungary, Malev in 2012, now a new airline called Solyom is being formed with the help of two major investment firms from Oman and UAE.
The company mentions it all started "when an e-mail was sent to a potential investor on February 6, 2012". Now Solyom mentions "a tourism enterprise registered in Oman" and "a well-capitalized investor with extensive international relations registered in Dubai" as its two strategic investors. It is planning to fly to 31 destinations in 2013, 51 destinations in 2014, and 96 destinations by 2017.
To see listing and contact emails of investment firms from the Middle East check our Middle East Investors Directory.
More details follows:
A BankMuscat fund has bought stakes in six Indian companies worth approximately $33 million.
According to Indian stock exchange data, the fund bought shares in LIC Housing Finance Limited, India Infoline Limited, DLF Limited, Mahindra & Mahindra Financial Services, Lakshmi Energy and Lakshmi Overseas Industries for a total of $33 million.
To see a list of investment firms from the Middle East similar to BankMuscat check our Middle East Investors Directory
More details follows from Muscat Daily
The State General Reserve Fund (SGRF), an Oman investment firm, has acquired the Four Seasons Gresham Palace Hotel in Budapest.
Four Seasons Hotels Toronto, will continue to operate the 179-room luxury hotel. The amount of the sale has not been disclosed.
To see more investment firms like Oman's SGRF check our Middle East Investors Directory
More details follows from Hotelier Middle East
Two new private equity firms have launched in Iraq and Oman.
In Iraq, Trade Bank of Iraq plans to set up a $500 million private-equity fund and is looking to identify a global player to act as the fund's general partner.
In Oman, the Financial Corporation (FinCorp) launched Oman's first private equity fund with a capital of $51.9 million. The primary objective of the Oman Private Equity Fund is to make private equity investments in select local companies and those firms that have cross border linkages.
To see a full listing of Middle Eastern private equity investors and funds, check our Middle East Investors Directory
More details follows from Reuters and Zawya
Oman Investment Fund, the investment arm of the Government of Oman, acquired a 12.6% stake of the share capital of Petrovietnam Insurance (PVI) for $42.4 million.
PVI and OIF have also entered into collaboration to co-invest in opportunities in Vietnam and globally leveraging respective strengths. This partnership enables PVI in further enhancing its investment capacity and extending its reach beyond Vietnam.
Oman fund portfolio investments are globally diversified across various sectors, including Travel & Leisure, Financial Services, Utilities, Media & Entertainment, Telecom Infrastructure, Industrial Goods & Services, Industrial Transportation and Engineering sectors. To see more investment firms like Oman Investment Fund check our investors directory. More details from their release follows: