Oman aviation group, Transom company have been dissolved: Finance ministry

Published: Updated:
Enable Read mode
100% Font Size

Oman Aviation Group and Transom company have been dissolved and their subsidiaries and tasks distributed to Oman Air and Oman Airports Management Company, the finance ministry said in a tweet on Saturday, citing Finance Minister Sultan al-Habsi.

“The measures of resolving the two companies won’t impact shareholders’ commitments to them because the accompanied change to this measure will only be in structure,” the minister added.

For all the latest headlines follow our Google News channel online or via the app.

Oman expects to have a 2021 budget deficit of about 2.2 billion rials ($5.7 billion), and plans to borrow from domestic and international markets to help plug the gap, according to a Twitter posting on Friday by the state-run Oman News Agency.

Read more:

Coronavirus: More than 270,000 expatriate workers left Oman this year

Oman to start cutting utility subsidies in January

Top Content Trending