Brief: Tui Signs Strategic Alliance Agreement With Oman

TUI AG

18/09/2025 13:50

Sept 18 (Reuters) - TUI AG TUI1n.DE:

SIGNS STRATEGIC ALLIANCE AGREEMENT WITH OMAN

THE AGREEMENT OUTLINES OMAN BECOMING A 1.4 PER CENT STRATEGIC SHAREHOLDER IN THE TUI GROUP THROUGH OMRAN GROUP

TUI AND THE OMANI GOVERNMENT JOINTLY DEVELOP A FIRST CLUSTER OF FIVE NEW HOTELS IN THE DHOFAR GOVERNORATE

HOTELS EXPECTED TO WELCOME GUESTS FROM ALL OVER THE WORLD AS EARLY AS WINTER 2028

AS PART OF PARTNERSHIP, OMAN IS CONTRIBUTING LAND AND CAPITAL TO A JOINT VENTURE. OMRAN GROUP AND TUI WILL HOLD 45% IN THIS JOINT VENTURE EACH AND ANOTHER PRIVATE INVESTOR WILL HOLD 10%. TUI IS CONTRIBUTING ITS COMPREHENSIVE EXPERTISE IN HOTEL OPERATIONS, TRAVEL DISTRIBUTION, AIRLINES AND LOCAL EXPERIENCES.

ACQUIRING NEWLY ISSUED TUI SHARES AT A PRICE OF €9.50 PER SHARE WITH A 3 YEAR LOCK-UP PERIOD IN EXCHANGE FOR TUI’S 45% SHARE IN THE JOINT VENTURE

Further company coverage: [TUI1n.DE]

 (Gdansk Newsroom)

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