12 Years with OmanFEST Wallet Next Steps
Ominvest has revealed its plans to strengthen its strategy over the coming year. Among these, it intends to participate as a strategic investor with a stake of up to 20% in the new entity expected to result from the merger of Al Izz Islamic Bank with Nizwa Bank. The company may finance the deal with amounts reaching approximately 117 million Omani Rials, backed by an unused credit limit of 150 million Rials. Additionally, the company aims to consolidate its insurance assets under a single platform and is seeking arrangements related to segregating the Islamic windows of banks. It is focusing on growing its investments and diversifying its portfolio, which has changed significantly over the past 12 years—from a 97% share of the banking sector in 2014 to 35% today. Its investments outside Oman have increased to 33%. Continuing its hybrid dividend policy, the company expects to distribute 40% of its 2025 profits, split between cash and shares.
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