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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Oman to List 35 State-Owned Companies in 5 Years, Says Bourse CEO

An empty neighborhood is pictured in the Omani capital Muscat amid a lockdown to prevent the spread of the coronavirus COVID-19 on July 27, 2020. (AFP)

Oman aims to list 35 state-owned enterprises in the next five years and plans to take one or two oil companies public this year, the CEO of the Muscat Stock Exchange told CNBC Arabia on Sunday.

Oman’s state-owned energy company OQ is considering local listings for some of its downstream and upstream assets but has no plan to float the parent company now, a senior executive at the state-owned energy group told Reuters in November.

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