06 Jan 2016
(MENAFN) In order to develop Oman’s mining sector, four state-owned investment arms of Oman joined together to promote a USD 258.8mn mining development company.
Furthermore, the State General Reserve Fund (SGRF), the Oman Investment Fund (OIF) and Oman National Investment (Tanmia) will own promoters’ capital of USD 155.30mn.
On the other hand, the remaining USD 103.53mn will be raised from the investing public over an initial public offering (IPO) in the second quarter of 2016.
Mining Development Oman will carry both downstream (like mining) and upstream activities, which involves exploration and extraction operations.
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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