CBO NOD FOR OIFC UNIT HEAD OFFICE

MUSCAT: Oman Investment and Finance Co (OIFC) said it has received the Central Bank of Oman’s final approval for the head office of its new wholly owned money-exchange subsidiary, Wasel Exchange SAOC.

“We are pleased to inform that final approval and licence for the head office of Wasel Exchange SAOC has been received from CBO. We expect to commence operations in due course,” Said Ahmed Safrar, chief executive office of OIFC, said in a filing to MSM on Monday.

SOURCE: MUSCAT DAILY