Muscat: The Authority said it achieved an annual internal rate of return of 68 per cent from the partial exit, alongside a return of 10.3 times the invested capital, while continuing to retain a stake in the company to benefit from its future growth prospects.

The move comes as part of OIA’s strategy to recycle capital into promising investment opportunities amid the rapid global expansion of the artificial intelligence sector and increasing demand for cloud computing, data centres, and digital infrastructure.

Krosso, founded in 2018 in Denver, specialises in developing infrastructure for artificial intelligence and cloud computing using renewable and untapped energy sources to power high-energy-consuming data centres and applications. The company also focuses on reducing emissions from gas flaring and utilising stagnant energy resources before converting them into specialised AI infrastructure hubs.

The company’s valuation has now reached nearly $10 billion, with global technology giants including Microsoft and Oracle selecting Krosso to develop advanced AI infrastructure complexes.

According to the Authority, the investment was made through its Generations Portfolio, which focuses on long-term foreign investments aimed at generating sustainable returns while diversifying risks across global markets.

The portfolio’s assets stood at RO8.57 billion by the end of last year and recorded profits of RO1.04 billion during the same period, achieving a five-year return on investment of 13.9 per cent. The portfolio has also expanded into future-focused sectors by increasing its total number of investment funds to 210.

The Authority further revealed that it achieved overall profits of RO2.9 billion during 2025, with a return on investment of 14.6 per cent and an average five-year return of 10.4 per cent.