Middle East Economic Survey

VOL. XLVII

No 24

14-June-2004

PRIVATIZATION

Bank Muscat, HSBC, Fincorp Win Advisory For Omani Governments Omantel Sale

Bank Muscat, Omans largest bank, has been appointed as financial advisor for the Omani Governments disinvestment of its stake in the Oman Telecommunications Company (Omantel). The mandate includes: advising on valuation; due diligence; preparation of the prospectus; and the flotation strategy. The Bank Muscat consortium includes HSBC and Fincorp, which...