Al Batinah Development and Investment Holding Co. SAOG (MSM:DBIH) agreed to acquire FALCOM Financial Services from FAL HOLDINGS ARABIA Co. Ltd. on January 17, 2018. The transaction is subject to approval from board of directors of Al Batinah, competent government and regulatory authorities. As of January 17, 2018, board of directors of Al Batinah approved the deal. Al Batinah Development and Investment Holding Co. SAOG (MSM:DBIH) completed acquisition of FALCOM Financial Services from FAL HOLDINGS ARABIA Co. Ltd. on May 1, 2018.