Oman & Emirates Investment Holding Company SAOG (O&E) has announced plans to acquire the remaining shares of The Financial Corporation SAOG (FINCORP), in a move that could see O&E take full ownership of the Omani financial-services company.
At a Board meeting held on 10 August 2026, O&E approved the issuance of a non-binding expression of interest to FINCORP’s Board to acquire the remaining 48.8% stake it does not currently own. O&E already holds a controlling 51.2% interest in FINCORP.
No financial terms for the proposed transaction have been disclosed. O&E said the proposal remains at the offer stage and is subject to a number of conditions, including approval by the FINCORP Board and shareholders, as well as the relevant regulatory approvals.
If completed, the transaction would make FINCORP a wholly owned subsidiary of O&E, consolidating the investment holding company's ownership of the financial-services business. FINCORP is an Oman-based investment banking and financial-services company and is listed on the Muscat Stock Exchange.
For O&E, which is listed on the Muscat Stock Exchange and operates as an investment holding company with interests across Oman and the UAE, the transaction would represent a further step in consolidating its financial-services exposure. Its portfolio already includes FINCORP alongside investments in sectors including food manufacturing, hospitality and telecommunications infrastructure.
The proposed acquisition therefore comes at a potentially important point in FINCORP's ongoing financial and operational development. Full ownership would give O&E greater control over the company's future strategy, capital allocation and restructuring initiatives, although the ultimate terms and outcome of the transaction remain subject to the approval process.
O&E said it will make further announcements should material developments occur. For now, the proposal remains non-binding and subject to regulatory, Board and shareholder approvals.
