Oman sovereign wealth fund says assets reach $46.61b in 2022 ...Kuwait

Total assets at Oman's sovereign wealth fund, the Oman Investment Authority (OIA), reached 17.9 billion rials ($46.6 billion) in 2022, the fund said in its annual report on Wednesday. The OIA said its return on investment last year was 8.8 percent, and it added that it has contributed more than five billion riyals to the finance ministry in dividends to support the general budget. Among its major assets, the OIA wholly owns Oman's main energy holding company OQ, created to centralise the state's oil and gas investments. OQ's 2022 revenue was up 68 percent on the previous year, leading to a 100 percent increase in net profit last year, the fund wrote in the report, w

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Last updated : 02 August 2023 clock 06:29 PM

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Oman sovereign wealth fund says assets reach $46.61b in 2022 ...Kuwait

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