Sohar International’s Investment Banking provides Equity Capital Advisory Services to Akeed to raise OMR 2.5 million

Sohar International’s Investment Banking provides Equity Capital Advisory Services to Akeed to raise OMR 2.5 million

Muscat: Sohar International has acted as the financial adviser to the popular on-demand delivery service major, Akeed, on raising its equity capital from investors. Reiterating its strong market position, investor confidence and as part of its ongoing efforts to extend support to local start-ups and promote In-Country Value (ICV) within the Sultanate, this strategic initiative reflects Sohar International's strong internal capabilities through a well-experienced team as well as a strong network and reaches to market such investment opportunities to existing and potential investors whether locally, regionally, or internationally. Speaking on the occasion, Ahmed Al Musalmi, Chief Executive Officer, Sohar International, said, "At Sohar International, we have a strong purpose that puts winning at the heart of everything we do. Benchmarking across international markets, we continue to deliver institutional advisory services that are drawn from a thorough understanding of the local market and are further complemented with valuable insights that we gain from our international partnerships. The induction of fresh capital and new investors will provide further impetus to Akeed's growth plan. Aspiring to bring the best of international banking practices to Oman, Sohar International will continue to enhance its value-added services for the benefit of its esteemed clients." The Investment