MUSCAT: Oman International Development and Investment Company SAOG (Ominvest), a leading investment company with a strong regional and global presence, has appointed United Securities LLC as the liquidity provider, in line with regulations set forth by the Muscat Stock Exchange (MSX) last year. The agreement, will effective from September 2024, is designed to as an active mandate of Ominvest shares to enhance liquidity.
This strategic initiative is expected to deliver long-term value to Ominvest’s shareholders by boosting liquidity and trading activity of its shares. This aligns with Ominvest’s broader strategy to create sustained value through its diverse, high-quality investment portfolio and disciplined financial approach. Ominvest’s strong track record in dividend distribution and profitability, coupled with its robust governance and risk management framework, further strengthens its position as a leading player in the market.
“We believe this partnership with United Securities will increase liquidity of our shares and enhance investor confidence,” said Abdulaziz Mohammed al Balushi, Group CEO of Ominvest. “Our mandate to United Securities is to actively participate in trading Ominvest shares, ensuring that we remain a highly attractive investment option for local and international investors.”
With total assets exceeding $3.5 billion (RO 1.352 billion) and a market value of over $620 million (RO 240 million), Ominvest continues to deliver solid financial performance while maintaining a commitment to ESG principles. This initiative is part of Ominvest’s ongoing efforts to reward its esteemed shareholders and build on its success in the capital markets.
Ominvest’s diversified portfolio, long-standing profitability, and focus on sustainability and responsible growth set it apart as a leader in the investment space. This new initiative is just one of many designed to ensure long-term value creation for all stakeholders.
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