Dubai December 21, 2011 – HBG Holdings (“HBG”), a leading private equity firm serving investors in the GCC, has announced the sale of its strategic stake in Muscat Finance Company (“MFC”), a financial services group listed on the Muscat Stock Exchange and regulated by the Central Bank of Oman. MFC has served 85,000 customers from 6 branches and provided over $1 billion in various forms of financing since inception. The position was acquired by HBG in 2008 and since then MFC has successfully traded through the financial crisis and achieved a market leading position according to Ernst & Young’s annual sector report.
