3rd Globally Among Sovereign Wealth Funds in Return on Investment
1st Worldwide in Returns on Public Market Investments
Approaching OMR 3 Billion
Every Rial Held by OIA in 2020 Grew to OMR 1.73 by the End of 2025
Putting State-Owned Enterprises on the Path of Profitability and Financial Sustainability
- Al Habsi: OIA Continues to Support the National Economy, Advance Economic Diversification, and Strengthen Partnership with the Private Sector
- Al Murshidi: The Exceptional Achievements Reflect OIA’s Institutional Excellence, the Strength of Its Companies, and the Competence of Its National Talent
- OMR 1.57 Billion in Foreign Direct Investment Attracted in 2025
- Ranked 3rd Globally Among Sovereign Wealth Funds in Governance, Sustainability, and Transparency Practices
- OMR 2.4 Billion Deployed into Local Projects
Oman Investment Authority (OIA) announced its financial results for 2025, recording an exceptional performance that reflects the strength of its investment strategies and the resilience of its asset management approach. OIA achieved historic profits amounting to OMR 2.9 billion, while delivering a return on investment of 10.4% in five years. This achievement secured OIA the 3rd position globally among sovereign wealth funds, according to a report issued by Global SWF, underscoring the sustainability of its growth trajectory and reinforcing market confidence in its performance. OIA also ranked 1st globally in returns generated from private market investments during 2025 compared to sovereign wealth funds worldwide.
OIA continued to deliver strong growth across key performance indicators throughout 2025, with total assets reaching approximately OMR 23 billion. OIA also outperformed its 2025 approved annual KPI targets by 105%. In parallel, OIA contributed OMR 800 million to the State’s General Budget, half of which was allocated to Future Fund Oman, while deploying capital investments amounting to nearly OMR 2.4 billion into local projects, supporting economic growth and stimulating vital sectors.
As part of its ongoing commitment to human capital development, OIA and its companies continued its efforts in increasing employment opportunities and empowering national talent. OIA’s workforce reached 438 employees with an Omanisation rate of 91%, while the workforce across its companies exceeded 41,000 employees with an Omanisation rate of 79.4%. Furthermore, 1,146 jobs were created in 2025, surpassing a target of 800 jobs. OIA also sustained its efforts to reinforce financial sustainability through the repayment of OMR 912 million in debt obligations across its companies, while directing OMR 287 million in expenditure towards SMEs in support of local content initiatives.
H.E. Sultan Al Habsi, Minister of Finance and Chairman of OIA’s Board, stated that OIA continued to fulfil its role in supporting the national economy with efficiency and sustainability throughout 2025, while advancing economic diversification targets and strengthening partnerships with the private sector through Future Fund Oman and its associated strategic projects. His Excellency further noted that OIA continued to enhance the performance of its companies, improve their efficiency, achieve balance between economic and strategic objectives, and reinforce the adoption of best practices in human and financial resource management, thereby strengthening OIA’s contribution towards achieving the objectives of Oman Vision 2040.
For his part, H.E. Abdulsalam Al Murshidi, President of OIA, affirmed that the exceptional achievements realised in 2025 reflect the institutional excellence of OIA and its companies, as well as the competence of the national talent driving these accomplishments. His Excellency highlighted that OIA and its companies continue progressing with accelerated momentum towards maximising investment returns, supporting economic development, advancing national priorities, and building sustainable prosperity for future generations.
Balanced Growth and Investment Expansion
As part of its balanced growth strategy, OIA continued diversifying its investments at geographical and sectoral levels, with its investment footprint extending across 52 countries worldwide. This diversified approach further enhances OIA’s ability to manage risk and maximise returns. Nearly two-thirds of OIA’s investments are in Oman, followed by North America at 19%, Europe at 9%, Asia and Pacific markets at 4%, and the remaining 7% distributed across other global markets. This geographic diversification forms part of OIA’s long-term strategy to mitigate risk, build sustainable financial reserves, and facilitate the transfer of knowledge and advanced technologies to the national economy.
Executive Engine of Oman’s Economic Diplomacy
In its capacity as an executive engine of Oman’s economic diplomacy, OIA continued throughout the year to fulfil this national role. This was done in cooperation with several relevant entities, most notably the Ministry of Foreign Affairs, with the objective of attracting foreign investment into local sectors and realizing the objectives of Oman Vision 2040. This role was reflected through OIA’s participation in His Majesty Sultan Haitham bin Tarik’s state visits, including the visit to the Kingdom of the Netherlands, a visit that witnessed the signing of three landmark strategic agreements. Most notably, a joint development agreement involving 11 pioneering companies, alongside an agreement to develop storage facilities and infrastructure in Duqm. OIA also participated in His Majesty’s visit to Algeria, during which the establishment of the Algerian-Omani Investment Fund was announced. In addition, it joined the state visit to the Russian Federation, where discussions focused on establishing joint investments and enhancing economic cooperation with Russian entities.
Furthermore, OIA participated in His Majesty’s visit to the Kingdom of Spain, which resulted in the signing of four Memoranda of Understanding covering green methanol, liquefied natural gas, and water and wastewater management. The state visit to the Republic of Belarus also culminated in the signing of a Memorandum of Cooperation for the establishment and operation of a wood pulp production project.
In 2025, H.E. the President was also entrusted with several official overseas missions, including leading an Omani delegation to Algeria, where he met with H.E. President Abdelmadjid Tebboune to explore opportunities for bilateral economic and investment cooperation. He also visited Burkina Faso, where he met with H.E. President Ibrahim Traoré and oversaw the signing of three investment cooperation agreements covering a joint gold mining venture, agricultural investment, and strategic crops. In Botswana, four economic and investment agreements were signed across the energy, renewable energy, and mining sectors, including projects related to solar and wind energy, mining, and technical knowledge exchange.
In coordination with the Ministry of Foreign Affairs, H.E. the President of OIA also conducted visits to Mongolia to explore cooperation opportunities in mining, energy, agriculture, and food industries, in addition to developing joint projects and enhancing long-term trade and investment partnerships. A further visit to Hong Kong focused on exploring opportunities for economic, commercial, and investment cooperation.
Funds’ Performance
At the funds level, OIA continued diversifying its investments across its three funds with total assets amounting to approximately OMR 23 billion.
OIA’s national portfolio, represented by the National Development Fund (NDF), encompasses OIA’s investments in state-owned enterprises and includes more than 160 national companies and assets. NDF aims to contribute to national economic growth while supporting the State’s General Budget through dividend distributions. By the end of 2025, NDF’s assets reached approximately OMR 13.09 billion, generating profits of OMR 1.8 billion and achieving a return on investment of 15.87%, and surpassing set targets. It also continued deploying capital investments into projects aligned with Oman Vision 2040, amounting to OMR 2.4 billion by the third quarter of the year. In addition, it contributed to the implementation of 14 national projects across multiple sectors with investments exceeding OMR 450 million. These projects are set to generate more than 1,300 job opportunities upon completion of their operations, in addition to contributing OMR 800 million to the State’s General Budget.
Meanwhile, the international portfolio, represented by the Future Generations Fund (FGF), encompasses OIA’s investments outside the Sultanate of Oman and focuses on generating sustainable financial returns and diversifying risk through long-term investments across global markets. FGF reached a value of approximately OMR 8.57 billion and recorded profits of OMR 1.041 billion during 2025. FGF also continued expanding its investments through the addition of new funds across diversified sectors, bringing the total number of investment funds to 210.
As for Future Fund Oman (FFO), with its capital base of OMR 2 billion, FFO continues to serve as a key catalyst for stimulating the national economy through financing projects and supporting venture investments in the Sultanate of Oman. Since its inception, the Fund has received 668 investment applications, and approved 186 projects, with a combined value estimated at approximately OMR 1.7 million, including major projects, direct investments, and initiatives targeting SMEs and startups. The Fund’s investments within approved projects reached approximately OMR 640 million, while contributing to the attraction of foreign investments estimated at OMR 743 million.
Placing State-Owned Enterprises on the Path of Profitability and Financial Sustainability
During its annual media gathering, OIA presented, through detailed performance indicators and figures, the outcomes of its transformation programme aimed at transforming state-owned enterprises towards profitability and financial sustainability across various sectors. This followed a comprehensive assessment of the operational and structural challenges surrounding these entities upon their transfer to OIA in 2020, followed by the implementation of targeted solutions, programmes, and strategic initiatives that enabled several companies to achieve profitability for the first time in over two decades.
This underscores OIA’s sustained efforts to enhance the contribution of its companies to the national economy, while reshaping prevailing public perceptions regarding the role and performance of state-owned enterprises. The presentation also highlighted broader insights, including key initial challenges, the mechanisms adopted to address them, and the overall outcomes achieved.
Divestment Programme and Return Maximization
OIA continued executing its divestment programme launched in 2022 as part of its broader strategy aimed at recycling capital, maximising returns, and attracting investment. By the end of 2025, OIA had successfully completed 24 divestments, generating total returns exceeding OMR 2.8 billion, which were subsequently redeployed into new investment opportunities. Throughout 2025, OIA maintained strong momentum in this area, successfully divesting from six assets, surpassing its target of five assets, reflecting both the efficiency of execution and the agility of its portfolio management.
The divestments executed during the year encompassed Initial Public Offerings (IPOs), direct exits, and strategic partnerships. These included the IPO of a 20% stake in Asyad Shipping Company, aimed at broadening the investor base and enhancing market liquidity. OIA also executed a full direct divestment of its 10% stake in Oman Tower Company, alongside a direct divestment of 69% in Sohar Sulphur Fertilizer Company. This reflects OIA’s strategic direction towards reallocating investments into higher-value opportunities and sectors.
The divestment programme further included the partial exit from Oman Flour Mills Company through the sale of 20% of Oman Food Capital’s total 51% stake. In addition, a partial divestment of 11.4% in Asyad Container Terminal, as part of efforts to enhance asset efficiency and expand private sector partnerships. Moreover, OIA entered into a strategic partnership in the Shuwaimiyah Project, which included a partial divestment of 49% in the quarry and 51% in the port, in a move aimed at attracting high-quality investments and strengthening the value-added impact of the project. This performance reflects the success of OIA’s divestment programme in achieving its strategic objectives through empowering the private sector, attracting foreign capital, supporting economic diversification, and reinforcing financial sustainability.
Human Capital and Local Content
In the area of human capital, OIA continued strengthening the presence of national talent, maintaining one of the highest localisation rates among sovereign wealth funds in the region. Omanisation rates reached 91% within OIA and 79.4% across its companies. OIA also continued implementing specialised training and development programmes aimed at enhancing the capabilities and labour market readiness of national talent. Among the most prominent initiatives was the ‘Mutamad’ professional certification programme, which in 2025 introduced two new tracks: cybersecurity, and legal. Since it was first launched, the programme onboarded more than 130 candidates at OIA and its companies. In parallel, the ‘Nomou’ Graduate Development Programme attracted 38 trainees from diverse academic disciplines in 2025 alone.
Meanwhile, ‘Jadarah’ talent management platform continued playing a pivotal role in employment support and workforce development, with the number of registered companies exceeding 80 and total registered users surpassing 120,000. Since its launch, the platform has facilitated more than 2,500 job opportunities, reflecting OIA’s continued contribution towards empowering national talent and enhancing employment opportunities.
OIA further sustained its efforts in supporting SMEs and strengthening their contribution to the national economy. Total expenditure directed towards SMEs reached approximately OMR 278 million during 2025, including OMR 186.4 million allocated to ‘Riyada’ card holders, while the share of SMEs within total supply chain expenditure increased to 19.9%.
Institutional Excellence
As part of its institutional excellence journey, OIA continued strengthening its distinguished presence across local awards and rankings. OIA was recognised among the best-performing government entities in institutional excellence after securing two awards in the categories of ‘Continuous Improvement’ and ‘Sustainable Growth.’ OIA was also awarded with Hadatha Cybersecurity Award. It was also bestowed with the 2025 Government Digital Excellence Award in the ‘Best Entity Achieving the Highest Performance in Digital Transformation’ category. These recognitions reaffirm OIA’s commitment to adopting leading institutional and digital best practices, further reinforcing its position as one of the region and world’s leading sovereign wealth funds.
The full press release is available on Oman Investment Authority’s official website: Click here
