Oman Hotels and Tourism announced on Sunday that the company has received a binding offer of $36.36 million (OMR14 million) to wholly acquire the Al Falaj Hotel.
The Times of Oman newspape, which broke the news, said that the name of the company set to make the acquisition, was not revealed.
"The board of directors will meet to review the offer and any further disclosure concerning this matter will be made as and when there are developments to report," said a stock market filing.
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In October, Oman Hotels and Tourism’s board agreed in principle in favour of a non-binding offer for the acquisition of Al Falaj Hotel.
Oman Hotels and Tourism Company owns and operates a portfolio of hotels in the Sultanate, including Al Falaj Hotel and Ruwi Hotel in Muscat, Al Wadi Hotel in Sohar, Sur Plaza Hotel in Sur, and Desert Nights Camp in Sharqiyah Sands.
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