Oman’s maiden private equity fund raises RO12m: Times of Oman

Oman’s first private equity fund –Fincorp Oman Private Equity Fund – has raised RO12 million, preparing to invest in select mid-cap companies within the country and those Gulf-based companies that have cross border linkages.

The issue, launched by the Financial Corporation (Fincorp) on February 20, closed its first subscription on May 12.

The fund’s initial closing date was earlier extended to May 12 from March 30, in view of the fact that some investors have asked for extra time for completing certain procedures, sources familiar with the deal said.