Oman Investment Authority (OIA), Oman's state-owned Sovereign Wealth Fund (SWF), is planning to list two subsidiaries of its petroleum company OQ.
The move comes as the neighboring UAE and Saudi Arabia have witnessed a surge in investors' interest in the Initial Public Offerings (IPOs) in the past few months.
OIA also plans to sell part or full stakes in two assets of Asyad, Oman's national logistics group. The SWF also wants to sell some shares of hotels and resorts as part its disinvestment strategy.
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Vision 2040
These plans are part of the government's Vision 2040 to diversify the economy and reduce its dependence on hydrocarbon revenues. This will also empower the private sector to play an active role in developing the nation...
