Ominvest – Ratings Affirmed with a Stable Outlook

Ref: OM012 2 3 CRA 00-01 1 3 June 2024

Ominve st – Rating s Affirmed with a Stable Outlook

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term FCR (ST FCR) of Oman International Development and Investment Company ( Ominvest ) at ‘BB+’ and ‘B’, respectively. The Outlook for the LT FCR remains Stable. Ominvest’s International FCRs and Outlook remain in line with those of the Omani sovereign (‘BB+’/‘B’/ Stable) . At the same time, CI Ratings has affirmed Ominvest’s Long-Term National Rating at ‘omAAA’ with a Stable Outlook, and the Short-Term National Rating at ‘omA1+’.

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 GCC region. Other credit strengths are the good profitability record at the total comprehensive…