Oman Investment Authority Reports RO 2.9 Billion Profit in 2025

OIA Ranked Third Globally Among Sovereign Wealth Funds

Muscat (ONA):  Oman Investment Authority (OIA) reported exceptional 2025 financial results, posting historic profits of RO 2.9 billion and an investment return of 14.6 percent for the year, reflecting the strength of its investment strategies and asset management.

The five‑year average return stood at 10.4 percent, earning the OIA third place globally among sovereign wealth funds, according to an SWF Global report — an achievement underscoring sustained growth and market confidence in its performance. The OIA also ranked first globally among sovereign wealth funds in public market investment returns for 2025.

Total assets reached about RO 23 billion, with performance exceeding annual targets by 105 percent. Oman Investment Authority contributed RO 800 million to the state budget, half of which was allocated to the Future Fund Oman. It also injected RO 2.4 billion in capital investments into local projects, supporting economic growth and stimulating key sectors.

On human capital, the OIA employed 438 staff with an Omanisation rate of 91 percent, while its subsidiaries employed over 41,000 people with an Omanisation rate of 79.4 percent. A total of 1,146 new jobs were created in 2025, surpassing the annual target of 800. The Authority also directed RO 287 million to small and medium enterprises (SMEs) in support of local content.

Sultan bin Salim Al Habsi, Minister of Finance and Chairman of the Board of Directors of the Oman Investment Authority (OIA), said the Authority continued throughout 2025 to support the national economy with efficiency and sustainability. He affirmed that OIA remained committed to advancing economic diversification targets and strengthening partnerships with the private sector through the Future Fund Oman and its associated strategic projects.

The Authority also worked to enhance the performance of its subsidiaries, improving their efficiency and balancing economic and strategic objectives, while promoting best practices in human and financial resource management — all of which reinforce its capacity to contribute effectively to Oman Vision 2040.

Abdulsalam bin Mohammed Al Murshidi, OIA Chairman said the exceptional achievements of 2025 reflect the institutional excellence of the Authority and its subsidiaries, the competence of their national workforce, and their tangible role in sustaining outstanding performance while strengthening alignment with national priorities. The Authority and its companies are moving with accelerating momentum to maximise returns on investments, thereby supporting economic development, contributing to national goals, and building a future for generations to come.

Continuing its balanced growth approach, the OIA further diversified its investments both geographically and sectorially. Its portfolio is now spread across 52 countries, enhancing its ability to manage risk and maximise returns. Oman accounts for the largest share of the Authority’s investments, at nearly two‑thirds of the total.

The remaining share is distributed across North America (19 percent), Europe (9 percent), several Asian and Pacific markets (4 percent), and other countries (7 percent).

As an executive arm of Oman’s economic diplomacy, the OIA carried out its national role throughout the year in collaboration with various entities, most notably the Foreign Ministry. This was aimed at attracting foreign investment into domestic sectors and achieving Oman Vision 2040 targets.

This role was exemplified through participation in the foreign visits of His Majesty Sultan Haitham bin Tarik to the Netherlands, which saw the signing of three strategic agreements, including a joint development agreement involving 11 leading companies and an agreement to develop storage facilities and infrastructure in Duqm; to Algeria, which included the announcement of Algeria‑Oman Investment Fund; to Russia, where discussions focused on establishing joint investments, with the OIA having initiated contact with several Russian entities to enhance economic cooperation; to Spain, where four memoranda of understanding were signed on green methanol, liquefied natural gas, and water and sanitation management; and to the Republic of Belarus, which resulted in the signing of a cooperation memorandum to establish and operate a pulp and paper production project. During 2025, the Chairman of Oman Investment Authority (OIA) was entrusted with several overseas missions.

He led an Omani delegation to the People’s Democratic Republic of Algeria, where he met with President Abdelmadjid Tebboune to discuss prospects for economic and investment cooperation between the two countries.

He also visited Burkina Faso, meeting with President Ibrahim Traoré, which resulted in the signing of three investment cooperation agreements, including the establishment of a joint gold mining venture, as well as cooperation in agricultural investment and strategic crops.

Another mission to the Republic of Botswana saw the signing of four economic and investment agreements in energy, renewable energy and mining, encompassing the development of solar and wind power projects, mineral exploration partnerships and technical expertise exchange.

During 2025, the OIA Chairman, in coordination with the Foreign Ministry, also undertook visits to Mongolia to explore cooperation opportunities in mining, energy, agriculture and food industries, with the aim of developing joint projects and enhancing long‑term trade and investment ties. A further visit to Hong Kong was conducted to discuss economic, commercial and investment cooperation.

On the portfolio level, the OIA continued to diversify its investments across three main portfolios, with total assets reaching approximately RO 23 billion. The Domestic Portfolio (National Development Portfolio) focuses on the OIA’s investments in state‑owned enterprises, encompassing various local assets and over 160 companies. Its objective is to contribute to the growth and development of the national economy, while also supporting the state budget through dividend distributions.

At the end of 2025, the portfolio’s assets stood at approximately RO 13.09 billion, generating profits of RO 1.8 billion with a return of 15.87 percent, exceeding its target. The portfolio continued to inject capital investments into projects aligned with Oman Vision 2040, reaching RO 2.4 billion by the third quarter of the year.

It contributed to the implementation of 14 national projects across multiple sectors, with investments exceeding RO 450 million, which are expected to create more than 1,300 jobs upon completion of their operational phases. The portfolio also contributed RO 800 million to the state budget. The Foreign Portfolio (Generations Portfolio) comprises the OIA’s investments outside Oman, focusing on generating sustainable financial returns and diversifying risk through long‑term investments in global markets.

The portfolio’s value reached RO 8.57 billion, recording profits of RO 1.041 billion during 2025. The portfolio continued to expand its investments by adding new funds across various sectors, bringing the total number of funds to 210. The portfolio’s public market investments ranked first globally, outperforming the public market performance of global sovereign wealth funds by 17.1 percent.

The Future Fund Oman is a key driver of national economic stimulus, financing projects and supporting venture capital investments in the Sultanate of Oman with a capital of RO 2 billion. Since its launch, the fund has approved 186 projects worth approximately RO 1.7 billion, including major ventures and direct investments, alongside projects targeting small and medium enterprises and startups.

The fund’s investments in approved projects reached about RO 640 million, helping attract an estimated RO 743 million in foreign investment. Since its inception, the fund has received 986 investment applications. The OIA also reviewed the results of steering state‑owned enterprises toward profitability and sustainability across various sectors.

This followed a diagnosis of the challenges surrounding their operations at the time of their transfer to the Authority in 2020, the subsequent development of appropriate solutions, and the implementation of programmes and initiatives that have led some of them to profitability for the first time in 20 years. This underscores the Authority’s efforts to enhance the contribution of these companies to the national economy and to reshape public perception of them. The review also covered key initial challenges, the approach to addressing them, and the overall results achieved.

The Oman Investment Authority continued to implement its divestment programme launched in 2022 as part of its strategy to recycle capital, maximise returns and attract investments. By the end of 2025, the Authority had completed 24 divestment transactions, generating total proceeds exceeding RO 2.8 billion, which were reinvested into new opportunities. During 2025 alone, the Authority made notable progress, divesting from six assets, surpassing its target of five, reflecting efficient execution and flexible portfolio management.

Divestment transactions during 2025 included initial public offerings, direct divestments and strategic partnerships. These included an IPO of a 20 percent stake in Asyad Shipping, a move aimed at broadening the investor base and enhancing market liquidity. The Authority also completed a full direct divestment of a 10 percent stake in Oman Towers, along with a direct divestment of a 69 percent stake in Sohar Sulphur Fertilizers, reflecting the Authority’s strategy of reallocating investments toward more viable sectors and opportunities.

Divestment transactions also included a partial divestment of a 20 percent stake in Oman Flour Mills from Oman Food Investment Holding Company’s total 51 percent holding, alongside a partial divestment of an 11.4 percent stake in Asyad Terminals, as part of efforts to enhance asset efficiency and expand private sector partnerships. The Authority also entered into a strategic partnership in the Al Shuwaymiyah project, involving a partial divestment of 49 percent in the quarry and 51 percent in the port, a move aimed at attracting high‑value investments and enhancing project value.

This performance reflects the success of the divestment programme in meeting its targets by enabling the private sector and attracting foreign capital, thereby contributing to economic diversification and financial sustainability.

On the human capital front, Oman Investment Authority continued to strengthen its national workforce, achieving the highest localisation rate among sovereign wealth funds in the region, with an Omanisation rate of 91 percent within the Authority and 79.4 percent across its subsidiaries.

The Authority also continued to implement high‑quality training and qualification programmes to develop national competencies and enhance job market readiness, most notably the “Mu’tamad” professional certification programme, which launched its third edition with a new cybersecurity specialisation track involving over 130 participants, alongside the “Numou” graduate development programme, which attracted 38 trainees from various disciplines.

The “Jadarah” platform continues to support employment and qualification, with over 80 companies registered and more than 120,000 registered users, and over 2,500 job opportunities posted since its launch, reflecting the Authority’s contribution to empowering national talent and enhancing employment opportunities.

The Authority also continued its efforts to support small and medium enterprises and enhance their role in the national economy, with total SME spending reaching approximately RO 278 million during 2025, of which RO 186.4 million was directed to Riyada card holders.

The share of SMEs in total supply chain expenditure rose to 19.9 percent. On institutional excellence, Oman Investment Authority maintained a strong presence in local awards and rankings, being named among the top‑performing government entities in institutional excellence, winning two awards in the categories of continuous improvement and sustainable growth.

The Authority also received the Hadatha Cybersecurity Award and was honoured with the Digital Excellence Award in the government sector for 2025 in the category of Best Institution Achieving the Highest Performance in Digital Transformation among non‑service entities, affirming its commitment to adopting best institutional and digital practices and strengthening its position as one of the leading sovereign wealth funds regionally and internationally.