Oman’s insurance sector investments climb 10.3% to $2.28bn in Q1

JEDDAH: Investments by Oman’s insurance sector rose 10.3 percent year on year to 876.3 million Omani rials ($2.28 billion) at the end of the first quarter, driven by higher allocations to domestic assets, official data showed. Domestic insurance companies accounted for approximately 588.8 million rials of the sector’s total investments, while foreign insurers held around 287.5 million rials, the Oman News Agency reported, citing unaudited data from the Financial Services Authority.

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