loading
Strategic Collaboration

Published on: May 12, 2020

26.02.2020

Update regarding the proposed strategic collaboration between Taageer Finance Company SAOG and United Finance Company SAOG.

Further to the disclosure published on the MSM website on 3rd November 2019 regarding a proposed strategic collaboration with Taageer Finance Company SAOG, United Finance Company SAOG wishes to announce that the Joint Working Group appointed by the Board of Taageer Finance Company SAOG and United Finance Company SAOG, has appointed Ernst & Young LLC, Oman ('EY') as an independent consultant to do a valuation of the two companies.

The Board will review the recommendations made by EY with regards to the independent valuation of the two companies, further disclosure concerning this matter will be made as and when there are developments to report.

 

For Official Notification, please click here.