Tuesday 30, December 2008 by
Government of Oman stops Omantel stake sale
The sale of the stake in Omantel has been halted, says the Oman Ministry of Finance “as a result of the current conditions in the global capital markets”. The company had already partial privatisation in 2005 when it was listed on the Muscat Securities Market. The Government currently retains a 70 per cent stake with the remaining 30 per cent publicly listed.
