Ominvest – International and National Ratings Affirmed; Outlook Remains Negative

Ref: OM01220CRA00-01 24 June 2021

Ominve st ’ s International and National Ratings Affirmed ; Outlook Remains Negative

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long- and Short-Term International Ratings of Oman International Development and Investment Company (Ominvest) at ‘BB’ and ‘B’, respectively. The Outlook on the ratings remains Neg ative in line with that of the s overeign (‘BB’/ ‘ B’/ Negative ). 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 cited below. The Outlook for the national ratings also remains Neg ative in line with that of the s ov ereign.

Ominvest’s ratings continue to be supported by its status as the leading listed investment company in Oman, and as one of the largest in the region. Other supporting factors are the…