RSA acquires the third largest insurer in Oman
In return ONIC Holding will acquire a 20.03 per cent stake in RSA Oman. The transaction will create the largest insurance group in Oman by net written premium.
Following the transaction the shareholders of RSA Oman will be RSA Middle East, ONIC Holding, WJ Towell Company, OHI and Mr. Prem Mankand.
Completion of the transaction is subject to shareholder and regulatory approvals.