Oman Bank in Creation of Private Equity Fund of Funds

February 15, 2007

Cleary Gottlieb acted as U.S. and U.K. counsel to Bank Muscat SOAG in connection with the establishment of Bank Muscat Private Equity Fund II L.P., a Caymans “fund of funds” that is designed to provide Middle Eastern investors with exposure to a diversified portfolio of private equity funds.

Cleary Gottlieb had previously acted for Bank Muscat, the largest bank in Oman, in connection with its listing on the London Stock Exchange.