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Oman seeking to offload 19% stake in Omantel

The Omani government appointed Bank Muscat to arrange a secondary share sale of a 19% stake in its largest mobile telecoms operator, Oman Telecoms Co (Omantel), Reuters has reported. “Ministry of Finance has decided to appoint Bank Muscat as the financial advisor for selling 27% of its shares in Oman Telecommunication Company, equivalent to 19% of the company’s share capital,” Omantel said.