Omani fund's love for Bulgaria

Compared to the likes of the Qatar Investment Authority, Abu Dhabi Investment Authority or the Dubai group of funds, not much is known about the Omani State General Reserve Fund (SGRF) or how it makes its investments. But some details have now emerged following its acquisition of a majority stake in the AIM-listed, BVI-incorporated Equest Investment Balkans Ltd (EIB). The SGRF holds 32.27% of EIB, which invests primarily in Bulgaria and Romania. Following the acquisition of a stake, the fund named two Omani directors, Warith Mubarak Al-Kharousi and Faisal Amur Mohammed Al-Riyani to the EIB board.