Dubai Said to Work With Citigroup on Sale of Bank Muscat Stake

  • Company is in talks to sell 12% stake valued at $300 million
  • Asset said to attract local pension funds, family investors

Dubai Financial Group LLC is working with Citigroup Inc. to find a buyer for its stake in Omani lender Bank Muscat SAOG after the sale was triggered by an agreement with creditors, according to people familiar with the matter.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.