SICO BSC bids to acquire majority stake in Muscat Capital LLC

MUSCAT: Bank Muscat SAOG has received in-principle interest from SICO BSC (c), a Bahrain based regional asset manager and investment bank, to acquire a majority shareholding in Muscat Capital LLC. Muscat Capital is a Saudi Single Shareholder Closed Joint Stock Company, licensed by the Saudi Capital Market Authority and wholly-owned subsidiary of Bank Muscat with…