Oman Brunei Investment Company finalises deal with German firm

Oman Brunei Investment Company (OBIC) has successfully closed a deal with German Operating Aircraft Leasing GmbH & Co. KG (GOAL), one of Germany’s top investment companies and a renowned player in the field of structured asset finance. Adding to its fleet of more than 60 aircraft, the latter purchased a stake in OBIC’s five Boeing 737-900ER aircraft with the aim of placing them in a .....

Idealmed announcement ceremony

Muscat – Al Afia Healthcare Development and Investment Company, a joint venture established between Oman Brunei Investment Company, Suhail Bahwan Group and Idealmed Group, unveiled its latest project, the Idealmed Muscat Hospital, at a press conference in Muscat and attended by dignitaries, high ranking government officials and medical institutions. The hospital has been planned to address the .....

Integrated Telecommunications Oman acquires 100 per cent share of Renna Mobile

Integrated Telecommunications Oman (TeO) has acquired Majan Telecommunications (Renna Mobile), the country's first Mobile Virtual Network Operator (MVNO), in a move that will spectacularly transform the telecom scenario in the Sultanate. TeO is Oman’s first private Class 1 international gateway operator and offers mobile and fixed services under the operating brand Telecom Oman (TeO). It .....

OPWP signs agreement for RO100MN Sohar IWP

Babylon opens dedicated unit for visa medical services

Babylon Medical Services, leading health care service providers in Sultanate of Oman, recently opened a dedicated unit for doing visa medical/checkup services, introducing speedy medical services concept, first of its kind in Amerat. Dr Ammar al Najhi, chairman said, “Facing the continuous hot market demand, we further accelerated our one-stop solution theme of providing medical services under .....

BMS ranked as the Best Medical Centre 2015 by MoH

BMS has been ranked as the Best Medical Centre 2015 in the Sultanate of Oman by the Ministry of .....

OBAMC completes leasing transaction with Oman Air for two new B737-900ER aircraft

OBAMC completes leasing transaction with Oman Air for two new B737-900ER aircraft Oman Brunei Asset Management S.A.O.C (OBAMC) completed its inaugural transaction with Oman Air, the national airline of the Sultanate of Oman, for the long-term lease of two new Boeing B737-900ER aircraft previously ordered by the airline. First delivery was made on the 12th November 2014 and the second on 16th .....

Kempinski Hotel The Wave Muscat appoints new GM

The new hotel is the latest addition to the group’s portfolio in the region, which is set to open by the end of next year. Zeuke packs in 25 years of expertise in the hospitality industry, the last 18 of which have been with Kempinski. He began his career in Germany working for international hotel brands before joining the Kempinski Vier Jahrezeiten in Munich in 1998. During his near .....

OBAMC completes new leasing transaction with Oman Air for three new B737-900ER aircraft

Oman Brunei Asset Management S.A.O.C (OBAMC) was mandated by Oman Air, the national airline of the Sultanate of Oman, to provide three new Boeing B737-900ER aircraft on long-term lease. The aircraft were previously ordered by the airline and the first delivery was completed 20th May 2015, the second is scheduled for 27th May and the third is in November 2015.Simon McLean, OBAMC’s CEO, commented .....

SGRF, OBIC set up RO200mn aviation leasing company

OBAMC delivers fifth new B737-900ER aircraft to Oman Air

Oman Brunei Asset Management SAOC (OBAMC), previously known as Oman Brunei Aviation Leasing Company, today completed the purchase of a new Boeing B737-900ER aircraft (MSN 40071) that was immediately placed on long-term lease to Oman Air, the national airline of the Sultanate of Oman. The aircraft was previously ordered by the airline and is the fifth and final B737-900ER delivery by OBAMC since .....

Oman Brunei Asset Management launches us208 million aviation leasing fund

Oman Brunei Asset Management SAOC (“OBAM”), previously known as Oman Brunei Aviation Leasing Company, has today launched an Omani Rial (RO) 80 million (US$208 million) aviation leasing fund, Oman Aircraft Leasing Fund 1 (the Fund), that will be listed on the Muscat Securities Market (“MSM”) with 8,000 units of RO 10,000 each (nominal value). The Fund, being offered via a private .....

Foundation stone for KEMPINSKI Hotel laid

The foundation stone laying ceremony for the Kempinski The Wave, Muscat Hotel was held on Wednesday, under the patronage of H E Sheikh al Fadhl bin Mohammed al Harthi, secretary general of the Council of Ministers. Speaking at the event Sheikh Rashid bin Saif al Saadi, chairman of Omani Hospitality Company (OHC) thanked all those involved with the project. He added that the hotel is expected to .....

The Wave, Omani Hospitality sign pact for Kempinski Hotel

The Wave, Muscat yesterday signed the sale and development agreement of Kempinski The Wave, Muscat Hotel and Hotel Apartments, the first of the four hotel developments at The Wave, Muscat. The Omani Hospitality Company (OHC) will develop Kempinski The Wave, Muscat – Muscat's newest five-star hotel. Addressing the media to announce the agreement and development plan, Abeer Mohamed Al .....

OBIC to inject capital into Renna Mobile

Oman Brunei Investment Company (OBIC) has acquired a majority share of Renna Mobile, an Omani-based mobile virtual network operator (MVNO), by injecting capital into the company. The capital is earmarked for Renna Mobile's further expansion plans. This important milestone for the company crowns the remarkable feat of having completed more than a year of continuous monthly operational and .....

OBIC acquires a 20% stake in Sun Packaging Company LLC

Al Anwar Holding Company has divested a 51 per cent stake out of its 62.5 per cent ownership in Sun Packaging Company, according to a company statement on Muscat Securities Market (MSM) website on Thursday. Sun Packaging is involved in the manufacture of flexible packaging in the sultanate. Reji Joseph, CEO, Al Anwar Holding, said in a statement that out of its total 62.5 per cent stake in Sun .....