MUSCAT : Engineer Khalid bin Khalfan Al Asmi, CEO of OQ Basic Industries, emphasized that the company’s listing on the Muscat Stock Exchange in December 2024 represented a qualitative shift that strengthened the financial market’s depth and increased liquidity and trading rates.

He noted that the company’s shares have secured their place among the top five most traded companies in terms of value and volume for several consecutive months, and continue to maintain this position, reflecting the company’s solid financial position and the quality of its operational performance.

He noted that the company’s portfolio, which spans methanol, ammonia, LPG, and derivatives, has expanded the petrochemical investment base, reinforcing OQ’s role in driving industrial growth.

Since its listing, OQ Basic Industries has earned recognition on the Muscat Stock Exchange’s Excellence List and won the Best Performing Company Award, reflecting its robust governance, transparency, and operational performance. The company is set to distribute cash dividends of more than RO 17.2 million (5 baisas per share) for the first half of fiscal year 2025, with a maturity date of October 19, underscoring its commitment to shareholders and market stability.

Al Asmi emphasized that listing has strengthened governance, improved efficiency, and broadened the investor base, attracting institutional and international interest. He emphasized that global investment institutions are increasingly seeking individual meetings to better understand their strategy and growth trajectory, which reflects rising confidence in Oman’s industrial sector.

Looking ahead, OQ Basic Industries is advancing plans to expand methanol production by 50 percent, enhance efficiency, and sustain strong financial results while maintaining a steady dividend policy.

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