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Dubai Insurance Group sells ONIC stake
- United Arab Emirates: Monday, March 04 - 2013 at 06:19
Dubai Insurance Group (DIG), a subsidiary of Dubai Group, has sold a 41.13% stake in Oman National Investment Corp Holding (ONIC) to Oman Investment Fund (OIF), a sovereign wealth fund of the sultanate, Muscat Daily has reported. "This is a strategic decision for DIG and is part of our stated plan to sell down assets in order to support our broader ongoing restructuring process," said the acting CEO of Dubai Group, Fadel al Ali.
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