Muscat – The total investment amounts to approximately RO 56.4 million, with each investor committing RO 14.1 million.

The investors include the Saudi Omani Investment Company, a subsidiary of the Saudi Public Investment Fund; the Social Protection Fund; Falcon Investments, a subsidiary of the Qatar Investment Authority; and the Gulf Investment Corporation, owned equally by the governments of the Gulf Cooperation Council (GCC) countries.

The involvement of these institutional investors is seen as a significant endorsement of OQ Base Industries’ initial public offering (IPO) and strengthens confidence in the company’s growth prospects.
Dr. Lamia bint Hareb Al Kharousi, Director of Public Subscriptions Implementation at OQ Group, emphasized that the commitment from these investors highlights the high quality of the offering and paves the way for the successful listing of OQ Base Industries as a public joint stock company.

Khalid bin Khalfan Al Asmi, CEO of OQ Base Industries, confirmed that the investment from these key institutional players adds considerable value to the IPO, reinforcing the company’s credibility and prospects for sustainable growth. He also noted that the participation of these investors would benefit not only the company’s shareholders but also its employees and future investors.