Ominvest secures $500 million facility
Published: 04:01 PM,Jan 08,2025 | EDITED : 08:01 PM,Jan 08,2025
Abdulaziz al Balushi, Group CEO of Ominvest
Sara Abdulhadi, CEO of Gulf International Bank
Sanjay Kawatra, Deputy Group CEO of Ominvest
MUSCAT, JAN 8
Oman International Development and Investment Company SAOG (Ominvest), a leading investment powerhouse in Oman, has secured a five-year financing facility worth $500 million (approximately RO 192.5 million).
Arranged by Gulf International Bank (GIB) in collaboration with Ahli Bank of Kuwait (ABK) and Gulf Bank, the agreement was finalised on November 19, 2024. This facility is a significant milestone in Ominvest’s ambitious growth strategy.
The financing aims to bolster Ominvest’s treasury management and provide the financial agility needed to explore opportunities across diverse sectors. The company plans to use the funds to strengthen its operational capabilities, support strategic initiatives, and invest in innovative ventures aligned with its long-term objectives.
In an official statement, Ominvest highlighted the importance of the agreement: “This financing arrangement is a testament to the trust and confidence regional and international financial institutions have in Ominvest. It reinforces our commitment to achieving sustainable growth while creating value for our stakeholders and contributing to Oman’s economic development.”
The agreement underscores Ominvest’s robust financial position and reputation for reliability, evidenced by the confidence placed in it by prominent financial institutions such as GIB, ABK, and Gulf Bank.
The partnership also underscores the importance of regional collaboration in driving economic growth and achieving the shared aspirations of the GCC.
Abdulaziz al Balushi, Group CEO of Ominvest, noted the strategic significance of the transaction: “This long-term relationship perfectly aligns with Ominvest’s vision and provides us with the financial firepower to accelerate our strategic initiatives, capitalise on emerging opportunities, and contribute to the realisation of Oman Vision 2040.
We are strategically positioning Ominvest to be a catalyst for economic transformation in Oman and beyond.”
Sara Abdulhadi, CEO of Gulf International Bank, echoed this sentiment, saying: “We see tremendous potential for growth in Oman, especially as we deepen our presence in the market.
Our partnership with Ominvest goes beyond capital; it exemplifies how financial institutions and local investors can collaborate to create lasting economic value, actively supporting Oman’s diversification strategy and Oman Vision 2040.”
Ominvest continues to play a critical role in Oman’s economic landscape, with investments spanning financial services, real estate and industrial ventures.
The company remains committed to aligning its operations with Oman Vision 2040, ensuring its investments contribute to the nation’s economic diversification and sustainability goals.
Sanjay Kawatra, Deputy Group CEO of Ominvest, emphasised the broader implications of the agreement: “This facility is more than a financial transaction; it’s a strategic alliance empowering Ominvest to execute our investment plan and accelerate our growth trajectory.
Oman International Development and Investment Company SAOG (Ominvest), a leading investment powerhouse in Oman, has secured a five-year financing facility worth $500 million (approximately RO 192.5 million).
Arranged by Gulf International Bank (GIB) in collaboration with Ahli Bank of Kuwait (ABK) and Gulf Bank, the agreement was finalised on November 19, 2024. This facility is a significant milestone in Ominvest’s ambitious growth strategy.
The financing aims to bolster Ominvest’s treasury management and provide the financial agility needed to explore opportunities across diverse sectors. The company plans to use the funds to strengthen its operational capabilities, support strategic initiatives, and invest in innovative ventures aligned with its long-term objectives.
In an official statement, Ominvest highlighted the importance of the agreement: “This financing arrangement is a testament to the trust and confidence regional and international financial institutions have in Ominvest. It reinforces our commitment to achieving sustainable growth while creating value for our stakeholders and contributing to Oman’s economic development.”
The agreement underscores Ominvest’s robust financial position and reputation for reliability, evidenced by the confidence placed in it by prominent financial institutions such as GIB, ABK, and Gulf Bank.
The partnership also underscores the importance of regional collaboration in driving economic growth and achieving the shared aspirations of the GCC.
Abdulaziz al Balushi, Group CEO of Ominvest, noted the strategic significance of the transaction: “This long-term relationship perfectly aligns with Ominvest’s vision and provides us with the financial firepower to accelerate our strategic initiatives, capitalise on emerging opportunities, and contribute to the realisation of Oman Vision 2040.
We are strategically positioning Ominvest to be a catalyst for economic transformation in Oman and beyond.”
Sara Abdulhadi, CEO of Gulf International Bank, echoed this sentiment, saying: “We see tremendous potential for growth in Oman, especially as we deepen our presence in the market.
Our partnership with Ominvest goes beyond capital; it exemplifies how financial institutions and local investors can collaborate to create lasting economic value, actively supporting Oman’s diversification strategy and Oman Vision 2040.”
Ominvest continues to play a critical role in Oman’s economic landscape, with investments spanning financial services, real estate and industrial ventures.
The company remains committed to aligning its operations with Oman Vision 2040, ensuring its investments contribute to the nation’s economic diversification and sustainability goals.
Sanjay Kawatra, Deputy Group CEO of Ominvest, emphasised the broader implications of the agreement: “This facility is more than a financial transaction; it’s a strategic alliance empowering Ominvest to execute our investment plan and accelerate our growth trajectory.