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MB Holding manages its
own investment portfolio comprising of equity, funds, hedge
funds, structured products and other money market instruments in
Oman as well as in international markets. Besides investments in
its subsidiaries that are in the company’s core business, MB
Holding has investments in other companies which compliment its
core business. It also has invested in non-core business
primarily for investment purposes. These investments are held
either directly or through a special purpose vehicle.
MB Holding has begun investing in various international stock
markets such as GCC, India, Japan, USA and Brazil. MB Overseas
BVI Ltd. a 100% subsidiary of MB Holding, is a special purpose
vehicle registered in British Virgin Island to facilitate
investments in the international markets. MB Holding has
established relationship with leading private equity banks that
provide regular support and advice for international
investments.
In 2006, MB Holding increased its stake in Flexible
Industrial Packaging Co. (FIPCO) from 34.6% to 45.6% thereby
becoming the largest shareholder of the company. FIPCO is a
publicly traded company in Muscat Securities Markets (MSM). It
is engaged in lamination and printing of flexible packaging
material. The company is planning for an expansion to double its
capacity.
In 2005, MB Holding made investment in Risk Management Services
LLC Oman (RMS) and owns 33.3% shareholding in it. RMS is a
leading insurance consulting and brokerage company in Oman and
holds major share in the Oman market. The company is managed,
under a technical agreement, by HSBC Insurance Broker Ltd. UK.
MB Holding is a founding shareholder in Al Madina Gulf Insurance Co. SAOC, launched in Oman in 2005,
with a 15% stake in the equity. The new entity commenced
operations in September 2006. Al Madina Gulf Insurance
is offers an entire range of insurance services in Oman
including general insurance (motor, marine, fire, engineering,
accidents, money, personal), medical insurance and life
(Takaful) insurance. The company is operating under a technical
agreement with Solidarity Insurance, Bahrain.
In addition, MB Holding holds minor stakes in other listed and
non-listed companies such as Ahli Bank (15%), Taageer Finance
(8%), Transgulf, Al Madina Financials and Al Madina Real Estate. |