Al Shumookh Holding LLC acquired unknown minority stake in Al Omaniya Financial Services SAOG (MSM:AOFS) on October 31, 2019. Central Bank approved Al Shumookh’s request to increase their shareholding (along with related parties) in Al Omaniya Financial Services up to 15% subject to compliance with all regulatory norms, including shareholding restrictions in CBO licensed institutions and complying with necessary requirements of Capital Market Authority including CMA’s disclosure requirements. Validity of this approval is for a period of one year from the date of Central Bank of Oman letter dated October 31, 2019. Al Shumookh Holding LLC completed the acquisition of unknown minority stake in Al Omaniya Financial Services SAOG (MSM:AOFS) on October 31, 2019.