#Oman Investment Authority restructures boards of 15 state-owned companies - Arabianbusiness

Oman Investment Authority restructures boards of 15 state-owned companies - Arabianbusiness:

Oman Investment Authority (OIA) has restructured the boards of directors of 15 companies it now manages as part of a comprehensive review of state-owned entities.

The OIA, which holds assets valued at about $17 billion, was created earlier this year when the sultanate’s two wealth funds - State General Reserve Fund and the Oman Investment Fund – were merged into one body. 

All government companies, except Petroleum Development Oman and the nation’s international investments, now fall under the new entity. 



In its update on Sunday, OIA said 79 experts and specialists in various governmental and private sectors had been appointed as new heads and members of the boards of directors of its subsidiaries.