VOL. XLV
No 47
25-November-2002
OMAN
ARIG Acquires Majority Holding In Gulf Warranties
Arab Insurance Group (ARIG) has acquired a controlling 66% stake in Gulf Warranties, the biggest extended warranty provider in the GCC market, from Muscat-based Oman National Investment Corporation (ONIC) Holdings which will retain a 34% stake in the business. The move makes ARIG the regions largest provider of automotive extended warranties, a market which ARIG expects to grow substantially over the coming...
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