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Oman Development and Investment Company

19-12-2021 Local institutions مسقط
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Oman International Development and Investment Company SAOG (commonly known as Ominvest) is an investment holding company based in Oman. It holds significant stakes in various Omani companies, ranging from financial services, property development, food, and the industrial sector.

Ominvest's key subsidiaries are Oman Arab Bank (51 percent; the remaining owned by Arab Bank) and National Life & General Insurance Company (NLG), which contribute significantly to the company's earnings.[2] Other investments include finance companies National Finance Company and Oman Orix Leasing Company, food producer National Biscuit Industries, industrial companies Oman Chlorine, National Detergent Company and Modern Steel Mills, and tourism company Salalah Resorts.[2][3]

 

Internationally, the company has stakes in Dubai-based International General Insurance, National Finance House in Bahrain, and Budva Beach Properties in Montenegro.[4]

 

In 2015, the company merged with Oman National Investment Corp (ONIC).[5] At the time, analysts said the combination of the two companies would create a larger investment fund and achieve economies of scale for their operating subsidiaries.[2][3] Gulf Baader Capital Markets also pointed to possible listings of Oman Arab Bank and NLG when market conditions are favorable.

 

Madinat Al Erfaan,

Muscat Hills, Block No 9993

Building No. 95, Seventh Floor

PO Box 3886, Ruwi, Postal Code 112,

Sultanate of Oman .

Tel: +968 2476 9500, Fax: +968 2470 7519,

Email: info@ominvest.net

For Whistle-Blowing: whistleblower@ominvest.net

For Investors Relations: hamid.alharthy@ominvest.net

 


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