Finance Muscat-listed Ominvest secures $500m to fuel growth By Pramod Kumar January 8, 2025, 10:33 AM Ominvest Ominvest’s total assets are valued at $3.5 billion Oman International Development and Investment Company (Ominvest) has secured a $500 million loan for expansion and investment opportunities in the Sultanate and the wider region. The financing deal, arranged by Gulf International Bank (GIB), ABK, and Gulf Bank, will allow the Muscat-listed company to pursue “impactful investments and generate substantial value for the company and the economies it supports”. “This long-term relationship provides us with the financial firepower to accelerate our strategic initiatives, capitalise on emerging opportunities, and contribute to the realisation of Oman Vision 2040,” said Abdulaziz Al Balushi, group CEO of Ominvest. Oman targets $1.9bn to plug 2025 budget deficit Oman-Korea venture strikes green ammonia deal with Thailand Oman imposes 15% tax on multinationals Ominvest achieved a 17 percent compounded annual growth rate in net income since 2001. The company’s portfolio includes high-quality assets across diverse sectors, with total assets valued at $3.5 billion. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
