Highlights
OETC has no plans to raise fund, says Nama group
Nama Holding said that its subsidiary Oman Electricity Transmission Co. has no plans to raise additional fund this year as the firm has already raised $500 million earlier this year.
The company was responding to a wrong international agency report, which said Nama group is planning for a $500 million sukuk programme.
Nama Holding has made significant progress in Lamar Project (funding programme) since its launch in 2014 after the appointment of Bank Muscat and JP Morgan as joint financial advisors and lead arrangers for the long-term fund raising programme for the group, said a press release.
The fundraising programme will support Nama Group’s capital expenditure of the distribution and transmission network, and to refinance the existing short terms borrowings.
As a strategic leader, Nama Holding has concluded tranche one as part of project Lamar, added the press release.
Nama Group consists of ten joint stock companies registered in the Sultanate of Oman.
The group of companies include Nama Holding (NH), Mazoon Electricity Company (MZEC), Muscat Electricity Distribution Company (MEDC), Majan Electricity Company (MJECO), Dhofar Power Company (DPC), Rural Areas Electricity Company (Raeco), Oman Electricity Transmission Company (OETC), Gubrah Power and Desalination Company (GPDC), Wadi Jizzi Power Company (WAJPC), and Oman Power and Water Procurement Company (OPWP).
Oman Oil Marketing Company Concludes Its Annual Health, Safety, Environment, and Quality Week, Reaffirming People and Safety as a Top Priority
Jamal Ahmed Al Harthy Honoured as ‘Pioneer in Youth Empowerment through Education and Sport’ at CSR Summit & Awards 2025
Prime Minister of India Narendra Modi to Visit the Sultanate of Oman on 17-18 December
Oman’s Net Wealth Reaches $300 Billion in 2024, Poised for Steady Growth
IHE Launches Eicher Pro League of Trucks & Buses in Oman
Liva Insurance Honored with ‘Insurer of the Year’ Award for 2025
Oman’s ISWK Cambridge Learners Achieve ‘Top in the World’ and National Honours in June 2025 Cambridge Series
Report: How India & The Middle East Are Exploiting Immense Economic Synergies
OIG Appoints New CEO to Lead Its Next Chapter of Excellence
#MYWORKSPACE: Khimji Ramdas Introduces a New Identity for its Office Furniture & Interior Fit-outs Division
Power And Beyond: The Path To A Low-carbon Future
Al Mouj Muscat unveils Ghadeer Villas
Time to Buy Saudi Stocks? Some Investors Look at Dubai Instead
Retail Abu Dhabi’s ‘Unbox Amazing’ generates sales of more than AED 2 billion in participating stores
Renewables are booming, but not fast enough to cap greenhouse emissions
Hospitality Industry in Oman Estimated 90% Growth in 2022
Saudis Sign Deals From Energy to Metals in Bid to Salvage Forum
Saudi Arabia’s Gold Miner Plans to Be a Global Top-20 Supplier
Technology to drive Sultanate’s downstream industry
Digitization and Logistics Service Providers Can Help SMEs Make the Most of Peak Season Retail Trends
VIDEO: Robert MacLean on how NHI is Shaping Oman’s Next Generation of Hospitality Leaders
The Future of Oman: Decoding The Sultanate of Oman’s Strategic Promotional Nation Brand
EXCLUSIVE: AI, Robotics & Wearable Sensors are Changing the Lives of Dementia Patients
EXCLUSIVE: Talking Renewable Projects & Sustainability in Oman and Beyond with Vipul Tuli
VIDEO: Eng. Salim Al Thuhli, CEO, Khazaen Economic City on Investment Opportunities
H.E. Salim Al Aufi, Minister of Energy & Minerals talks about Oman’s Green Hydrogen Goals
VIDEO: Talking Latest Developments in Aircraft Ground Guidance & More at Oman Airports
VIDEO: Dr. Firas Al-Abduwani Discusses Green Hydrogen, Potential Regions for Development & Creating a Green Ecosystem
VIDEO: Discussing The Future of Green Hydrogen in Oman with H.E. Salim Al Aufi
Celebrating Infoline’s Remarkable 20-Year Journey
-
Leaders Speak2 months agoDhofar International Development and Investment Company: Driving Sustainable Growth and Strategic Synergies in Oman’s Investment Landscape
-
Economy1 month agoMaal Card: What Oman’s New National Payment Card Means for Everyday Users
-
Events2 months agoOER Corporate Excellence Awards 2025 Honours Entities and Innovations in Oman
-
Arts and Culture2 months agoOminvest and Bait Al Zubair Launch “Future Frames” to Empower Youth through Art and AI
-
News1 month agoSheikh Suhail Bahwan, Chairman of Suhail Bahwan Group, Passes Away
-
Economy1 month agoOman Unveils Official Omani Rial Symbol in Landmark Move to Boost Global Currency Presence
-
News4 weeks agoOIG Appoints New CEO to Lead Its Next Chapter of Excellence
-
News4 weeks agoReport: How India & The Middle East Are Exploiting Immense Economic Synergies
You must be logged in to post a comment Login