VOL.XXXVI

NO.44

2-AUGUST-1993

Financial And Banking News

CAPITAL MARKETS

Omani Government To Sell Shares In Three Hotels

The Omani Government is to sell threehotels to private investors.The three are theMuscatIntercontinental,the

SeebNovoteland theSalalah Holiday Inn.The government

has already announced plans to sellits shares in theOman

NationalInsurance Company and Gulf Hotels (Oman) Company.

Oman is trying to develop localcapital markets through the

Muscat Stock Exchange,but share trading has...