Injazat Sells Omnix Stake

Injazat Capital has exited its investment in Omnix Media Networks, a digital media and technology solution provider. According to Middle East Company News, ITF sold its shares in the company to Omnix International, securing an IRR of 31 percent for its investors. ITF acquired the stake in December 2003, and had helped the company complete a strategic merger with Promedia, a specialist in the audio/visual and IT systems installation sector.