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).
How Much Does It Cost to Buy at the World’s Leading Auction Houses?
A Look at the World’s Greatest Auction Houses & Their Record-Breaking Sales
The World’s Most Extraordinary Watches: What Makes Them Worth Millions?
Sohar International Signs 3 Strategic Agreements at Investment Partnerships Horizons Conference
Car Loan vs Cash: The Hidden Financial Advantage of Taking a Car Loan in Oman
Al Mouj Muscat Welcomes First Residents to Exclusive Jinan Island Community
Inside Binance’s $6.3 Billion Hack: How the Attack Unfolded and What Happens Next
National Finance Marks Exceptional Growth With Strong Q3 2026 Performance
Energy Oman announces OMR 50 million Sukuk (Series 2)
OERLive ANALYSIS: Which Companies in Oman Have Paid Investors the Most Dividends?
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
Hospitality Industry in Oman Estimated 90% Growth in 2022
Renewables are booming, but not fast enough to cap greenhouse emissions
Retail Abu Dhabi’s ‘Unbox Amazing’ generates sales of more than AED 2 billion in participating stores
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: Building Oman’s Future – SAH’s Vision for Infrastructure, Innovation and Growth
VIDEO: Oman Cables Breaks Ground on OMR 10 Million-Plus Plant to Power Oman’s Industrial Future
VIDEO: Hitesh Akarte on Khimji Ramdas Infrastructure’s Role in Oman Vision 2040
Oman’s Hospitality Sector Enters a New Phase of Growth: Sadiq Al Matwani Al Lawati
Amr Baabood: Oman Climate Week Is About Moving From Climate Ambition to Climate Action
Mayan Al Asfoor on Leadership, Legacy and Empowering Omani Talent
LEADERSPEAK: Dhofar Insurance CEO Sunil Kohli on Oman’s Insurance Sector, Reinsurance & Market Outlook
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
-
Artificial Intelligence2 months agoTop 5 Interesting Things AI Did This Month – September 2026 Edition
-
Economy1 month agoOER Magazine September Edition 2026
-
Fashion1 month agoLuxury Watches That Could Appreciate Over the Next Decade [2026 Auction Buyer Guide]
-
Alamaliktistaad Magazines4 weeks agoAlam Al-Iktisaad Magazine September 2026 Edition
-
Banking & Finance2 months agoThe GCC’s 10 Richest Billionaires: Inside US$253.5 Billion of Wealth
-
Banking & Finance2 months agoINVESTIGATION: What If You Bought Apple Stock Every Time You Bought an iPhone?
-
News2 months agoOPEC+ Holds Output Steady for October as Focus Shifts to 2027 Quotas
-
Artificial Intelligence1 month agoWhat the World’s Top 10 Tech CEOs Really Earn
You must be logged in to post a comment Login