Abdulsalam Al-Murshidi

Oman Fund 'Drafting Plan for Bulgaria's Corporate Commercial Bank'

Published by Novinite on Mon, 07/21/2014 - 12:10

A plan to save Bulgaria's Corporate Commercial Bank is in preparation at the State General Reserve Fund (SGRF) of Oman, a fund source argues.

It is expected to be ready within three months, the website Gulf Business quoted the source as saying.

The report follows phone talks held Friday between Bulgarian Finance Minister Petar Chobanov and SGRF CEO Abdulsalam Al-Murshidi.

Oman State Fund 'Could Save Bulgaria's CorpBank' - FinMin

Published by Novinite on Fri, 07/18/2014 - 15:14

State General Reserve Fund of the Sultanate of Oman, one of Corporate Commercial Bank (KTB) shareholders, is free to take steps to save it, Bulgaria's Finance Minister announced.

Minister Petar Chobanov explained in an official statement he had held phone conversations with the SGRF's chief executive Abdulsalam Al-Murshidi, whose fund owns a 30% stake at KTB.