In accordance with transparency and disclosure requirements imposed by the Doha Securities Market (DSM) on all listed companies, DSM has contacted Qatar Oman Investment Company seeking clarification on the most recent news article published in one of local newspaper concerning the company’s stake in Saraj Financial Bank.
In response to DSM’s request, Qatar Oman Investment Company declared that the company has a 0.5% stake (5 millions shares) in Saraj Financial Bank (previously, Oasis House for Financing, Al Waha); a bank located in Abu Dhabi, UAE and will commence operations in September, 2008.