Mubasher: National Finance on Sunday announced that its merger valuation with Oman Orix Leasing Company has been completed.
“Following the Consultant’s observations on the viability of the merger, the board of directors of National Finance has asked the consultant to carry out the valuation of both companies,” National Finance said in a bourse filing.
The shareholders of the two companies will hold a meeting and form the basis for the talks between them regarding the potential merger.
In November 2016, the two companies completed their initial assessment of discussing strategic cooperation before the appointment of the consultant, after National Finance approached Orix Leasing regarding a strategic cooperation.
In January, National Finance reported OMR 6.35 million in profits for 2016, up 5.5% from OMR 6.02 million for 2015.
