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Aabar sets sights on Oman bank investment

Aabar Investments has unveiled plans to invest in Oman's Al Izz Islamic Bank in its role as a corner stone investor. The Al Izz Islamic Bank is currently under formation and is preparing for an initial public offering of its share capital in Oman. "It will be one of our largest investments in the region," said Aabar Investments CEO Mohamed Badawy Al Husseiny.