Ominvest – Corporate and National Ratings Affirmed

Ref: OM0121 9 CRA 00- 0 1 1 June 2020

Ominvest ’s Corporate and National Ratings Affirmed

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long- and Short-Term Corporate Ratings of Oman International Development and Investment Company (Ominvest) at ‘BB+’ and ‘B’, respectively. The Outlook on the ratings is Negative in line with that of the Sovereign . At the same time, CI Ratings also affirms Ominvest’s Long- and Short-Term ratings on the Oman National Scale at ‘omAA-’ and ‘omA1’, respectively, for the same reasons. The Outlook for these ratings is also Negative.

Ominvest’s ratings continue to be supported by its status as the leadi ng listed investment company in Oman, and as one of the largest in the region. Other supporting factors are the Company’s still moderate leverage and debt to equity ratio despite a rising trend in recent years. This reflects the rising asset base. …