Oman India Fertiliser Company SAOG, an integrated producer of anhydrous ammonia and granular urea, completed its listing on MSX today. OMIFCO’s shares started trading following an Offering of a total of 1,672,243,750 ordinary shares to investors, representing 25% of the company’s total issued share capital. With a market capitalisation of approximately RO1.04 billion (equivalent to approximately US$ 2.7 billion).

The bell ringing ceremony at the MSX commenced the listing and trading of OMIFCO’s shares under the ticker symbol OMIF. The success of the IPO demonstrates the strength of OMIFCO’s value proposition and role in supporting global food supply by attracting investment and positioning the MSX as a compelling destination for global investors.

Sunder Singh Yadav, Chairman of the Board of OMIFCO noted, “Today marks a significant milestone in OMIFCO’s journey. As a listed company, OMIFCO is well positioned to build on its strong foundations, focused on operational excellence, sustainable growth and long-term value creation.”

Dr. Ahmed Al Marhoubi, Chief Executive Officer of OMIFCO, stated, “We are grateful for the exceptional support shown by investors throughout our IPO, which reflects investor confidence in OMIFCO’s resilient business model, underpinned by our fully integrated, self-sustaining ammonia and urea production facility, long-term contractual arrangements, export-oriented infrastructure and sustained operational excellence.”

Haitham Al Salmi, CEO of Muscat Stock Exchange, added, “The listing of OMIFCO marks an important milestone for Oman’s capital markets and represents a further step in broadening the investor base of strategic national assets. This listing strengthens Oman’s position as an attractive investment destination, supports economic diversification and reinforces the role of the Muscat Stock Exchange in attracting high-quality investment opportunities.”

Commenting on the listing, Ashraf bin Hamad Al Mamari, Group Chief Executive Officer of OQ, said, “OMIFCO’s listing on the Muscat Stock Exchange marks a significant national milestone and brings OQ’s IPO journey to its fifth chapter in just three years, from Abraj to OMIFCO. This journey reflects OQ’s investment discipline, one that unlocks value from national assets, broadens ownership and recycles capital into future growth opportunities that serve Oman’s long-term economic priorities.”

The final offer price was set at 156 Bzs per share for all investor categories and generated gross proceeds of approximately RO261 million (equivalent to approximately US$678 million). The Company will not receive any of the proceeds of the Offering, all of which will be paid to the Selling Shareholders.

The aggregated demand was approximately RO4.7 billion (equivalent to approximately US$12.2 billion) from local, regional and international investors across Category I and Category II offerings, with books 18.0x oversubscribed at the final IPO Offer.

OMIFCO is uniquely positioned as a fully integrated fertiliser producer operating a world-scale manufacturing complex in Sur, Oman. Through its two ammonia plants and two urea plants, the Company enables the conversion of ammonia into higher-value urea, supporting operational efficiency and resilience. Oman’s strategic location, combined with long-term gas supply arrangements, established offtake relationships and dedicated export infrastructure, provides OMIFCO with reliable access to global markets.

The Company expects base dividend of approximately RO71.2 million (US$185 million) for FY2026, paid in two equal instalments (September 2026 and April 2027). Additionally, along with the first dividend distribution expected to be paid by September 2026, the Company intends to pay a special dividend of RO9.6 million (US$25 million). Effectively, the Company would pay a dividend of RO80.8 million (US$210 million) for the fiscal year ending 31 December 2026 of which RO45.2 million (US$117.4 million) would be paid by September 2026. OMIFCO’s public listing marks a decisive step for its next phase and growth trajectory, aligned with OMIFCO’s long-term strategic priorities.