The Oman Investment Authority divides its assets in national and foreign

The Oman Investment Authority has decided to split its own asset in two wallets, one for asset local and the other for foreign ones.

The head of the Oman Investment Authority, Abdul Salam bin Muhammad Al-Murshidi, said the authority’s assets will be divided in two portfolios with clear objectives and specific skills for each, while ensuring that there is no overlap between them, namely the “National Development Portfolio” which manages all asset and local companies, which number more than 160 companies.

Al-Murshidi added that the division process aims to contribute to the growth and development of the Omani economy, as well as support the state general budget through dividend distribution, privatization proceeds, treasury management and a “generational portfolio” consisting of foreign assets and some asset locals in various instruments, including public and private markets. , in addition to the real estate sector, with the aim of obtaining the greatest returns for generations futureaccording to the Oman News Agency.

The Sultanate of Oman established the Investment Authority in 2020 to own and manage most of the assets of the sovereign wealth fund and the Ministry of Finance.

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