Merger between Oman Qatar Insurance and Vision Insurance

Oman Qatar Insurance, a subsidiary of Qatar Insurance Company (QIC), has signed an agreement with Omani insurer Vision Insurance for a possible merger.

Once the transaction is finalized, Vision Insurance's assets and liabilities will be transferred to Oman Qatar Insurance. The former will cease to exist as a legal entity and its shares will be delisted from the Muscat Stock Exchange.

The transaction is still pending the approval of the relevant authorities and the shareholders of both companies.