July 13, 2020

Oman Investment Authority set up

In the picture His Majesty The Sultan of Oman, Haitham bin Tariq Al Said.

Thursday, 4 June 2020, Sultanate of Oman: His Majesty The Sultan of Oman, Haitham bin Tariq Al Said announced the appointed of Abdulsalam Al Murshidi to lead the newly created Oman Investment Authority. The latter combines the country’s two wealth funds into one entity, which shall hold assets valued at about $17 billion.
All government companies, except Petroleum Development Oman and the nation’s international investments, shall fall under the novel authority’s umbrella. 

Abdulsalam Al Murshidi was previously executive president of the State General Reserve Fund. His new position comes with the rank of government minister, according to the Sultan’s decree. 

For further information: 
Oman Investment Authority: https://oia.gov.om

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