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Top related persons:
OQGN - 1 Talal Al Awfi - 1 Al Awfi - 1 Hadeel Al Sayegh - 1 Louise Heavens - 1 Sharon Singleton - 1 Ed Osmond - 1
Top related locs:
DUBAI Oman Abu Dhabi Saudi Arabia
Top related orgs:
OQ Gas Networks - 1 Oman Telecommunications - 1 Oman Energy Trading Company Limited - 1 Oman Oil Services - 1 OQ - 1 Abraj Energy Services - 1 Oman Investment Authority - 1 OQ's - 1

Search resuls for: "Oman Investment Authority"


4 mentions found


☆ Oman's OQ Gas Networks plans Muscat's biggest IPO in almost two decades
  + stars: | 2023-09-04 | by ( Hadeel Al Sayegh | ) www.reuters.com   time to read: +3 min
OQGN is Oman's exclusive gas transportation system operator, supplying natural gas to the country's power plants, freezones, industrial clusters, LNG complexes and other customers. OQ, directly and indirectly through Oman Energy Trading Company Limited and Oman Oil Services Limited, is offering up to 49% of the shares, the document said. The company plans to pay a semi-annual dividend in cash to investors after the offering. A first dividend of 33 million rials for the first nine months of 2023 is estimated to be paid around January next year, and a second dividend of 11 million rials for the last three months of 2023 will be paid around April, 2024. Reuters first reported the IPO plans for the company last May.
Persons: OQGN, Talal Al Awfi, Al Awfi, Hadeel Al Sayegh, Louise Heavens, Sharon Singleton, Ed Osmond Organizations: OQ Gas Networks, Reuters, Oman Telecommunications, Oman Energy Trading Company Limited, Oman Oil Services, OQ, Abraj Energy Services, Oman Investment Authority, OQ's, Thomson Locations: DUBAI, Oman, Abu Dhabi, Saudi Arabia
☆ Oman's drilling services firm Abraj plans March listing on Muscat exchange
  + stars: | 2023-01-22 | by ( ) www.reuters.com   time to read: +2 min
Jan 22 (Reuters) - Oman's oil and gas drilling services firm Abraj Energy Services plans to list up to 49% of its shares on the Muscat stock exchange in March through an initial public offering (IPO), a company statement said on Sunday. The IPO forms part of an exit plan recently announced by sovereign wealth fund, the Oman Investment Authority (OIA), the state news agency said. State energy company OQ, the selling shareholder, is wholly-owned by the OIA, which expects to exit eight investments in 2023 to generate about $1.3 billion. A diversified oil and gas services firm, Abraj is the largest drilling contractor in Oman with a market share of almost 30 percent. States such as Qatar and Oman are now seeking to capitalise on investor appetite for Gulf IPOs and compete with more active regional exchanges.
☆ Oman's sovereign wealth fund eyes tech investments in UK
  + stars: | 2022-10-26 | by ( Hadeel Al Sayegh | ) www.reuters.com   time to read: +2 min
RIYADH, Oct 26 (Reuters) - Oman's sovereign wealth fund, the Oman Investment Authority, is considering investing in the United Kingdom's technology sector to take advantage of valuations hit by rising interest rates and the fall in sterling, an OIA executive said on Wednesday. Ibrahim Al Eisri, director general of private equity at OIA, told Reuters the wealth fund was looking at unlisted technology firms in the UK and expanding them. The UK's economy is experiencing a cost-of-living crisis as Rushi Sunak became its third prime minister in two months on Tuesday. The fund is focused on alternative energy technology, logistics and messenger-RNA technology used in some COVID-19 vaccines. Reporting by Hadeel Al Sayegh in Riyadh; Writing by Hadeel Al Sayegh and Yousef Saba in Dubai; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.
☆ UAE, Oman to boost trade and investment ties
  + stars: | 2022-09-28 | by ( ) www.reuters.com   time to read: +2 min
DUBAI, Sept 28 (Reuters) - The UAE and Oman are exploring investment opportunities worth 30 billion dirhams and will increase bilateral economic cooperation in strategic sectors, according to a statement released during President Sheikh Mohammed bin Zayed's visit to the Sultanate. Considered one of the Gulf's weaker economies, increased trade and investment support from a regional heavyweight - the UAE is the Gulf's second biggest economy - will help the Sultanate progress with plans to diversify its economy away from oil. Register now for FREE unlimited access to Reuters.com RegisterADQ and OIA have previously signed a 10 billion dirham investment partnership agreement. The UAE and Oman have committed to long term economic development plans to diversify revenue away from hydrocarbons. The UAE, through funds such as ADQ, has intensified regional investments in sectors seen as strategic to the domestic economy.
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