NO. 32


Financial and Banking News

Regional Financing

BIB And Bank Muscat Al-Ahli Al-Omani Also Start Fund

A similar but smaller Omani fund will be opened in early June by BahrainInternational Bank (BIB) and Bank Muscat Al-Ahli Al-Omani. The two banks arelooking to attract only OR3mn ($7.79mn) in funds, all to be invested in Oman,and they aim to track the performance of the MSM. The fund will also be a jointinvestment account and therefore foreigners will be able to hold up...