MENA Infra Fund to buy 20% stake in Sohar Power Company (UAE)

MENA Infrastructure Fund, a private equity fund based in Dubai, will acquire a 20 per cent stake in Sohar Power Company, according to a disclosure to the Muscat Securities Market (MSM) on Sunday.

MENA Sohar 1 SPV Ltd, an investment holding company of MENA Infrastructure Fund, has entered into an agreement to acquire shares constituting 20 per cent of the company"s total share capital from three of Sohar Power"s shareholders namely WJ Towell & Co, The Zubair Corporation and Kahrabel FZE, Sohar Power said.