MUSCAT: The Oman Investment Authority (OIA) has divided its assets into local and foreign portfolios.
Confirming the development, His Excellency Abdulsalam Al Murshidi, Chairman of OIA said the “Generation Portfolio”, which consists of foreign assets and some local assets in various including public and private markets, in addition to real estate, aims at achieving the greatest returns for future generations.
Meanwhile, the “National Development Portfolio”, is concerned with managing local assets and more than 160 companies, and aims to contribute to the growth and development of the economy, in addition to supporting the state’s general budget through dividends, privatisation proceeds, and treasury management.
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“The two portfolios have been set with clear objectives and specific terms of reference for each, while ensuring that there is no overlap between them,” Al Murshidi added.
