Asyad Group, a logistics business owned by Oman’s sovereign wealth fund, has announced plans to float its shipping unit on the Muscat stock exchange. At least 20 percent of Asyad Shipping Company will …
Sembcorp launches first greenfield largest utility-scale solar farm in Oman
The plant is Sembcorp’s first greenfield renewables development project in the Middle East and also the ‘largest utility-scale solar farm’ in the global renewables portfolio of the company.
Oman on course for up to $376mln shipping IPO: IFR
Asyad Group, which is owned by the Oman Investment Authority, will offer secondary shares for a minimum 20% free-float with the option to increase it to 23% …
Managing risks and seizing opportunities in Oman’s financial sector
In this interview, Moosa al Lawati, Head of Finance at Taageer Finance Company, shared insights into the current economic and regulatory landscape for non-banking finance companies (NBFCs) in Oman. He …
Oman to launch hydrogen fuel taxis
A first-ever taxi service operating on hydrogen-powered cars will be launched in the Sultanate of Oman during the …
Shipping Firm Said to Seek at Least $1 Billion Value in Oman IPO
Asyad Group SAOC, backed by Oman’s sovereign wealth fund, unveiled plans for the initial public offering of its shipping unit, as the sultanate pushes forward with its privatization drive. Most Read f …
Dubai’s Mashreq enters Oman’s growing banking sector
Oman’s banking industry has more than doubled in size since 2013 but may lack the scale to meet state financing needs, experts told AGBI last October, with lenders already stretched in terms of their …
Oman’s banking sector records robust growth in Q4 2024
The total assets of Omani banks continued their upward trajectory, with Bank Muscat, the sector’s leader, reporting a 2.7% increase to RO 14.04 billion …
Oman: CBO issues treasury bills worth $72.2mln
Muscat: The Central Bank of Oman (CBO) raised OMR27.80 million by a way of allotting treasury bills on Monday.
Mashreq’s entry into Oman: A legacy reunited, driven by shared values and a shared future
Mashreq’s entry into Oman comes amid growing demand for financial solutions aligned with regional and global market trends …