# Oman Investment Corporation

Oman Investment Corporation is a Private Equity based in Muscat, Oman.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Muscat, Oman
- **Region:** Middle East
- **Address:** Al Thabat Building, 3rd Floor, Airport Heights, Seeb, Muscat, Sultanate of Oman
- **Founded:** 2005
- **Assets under management:** Undisclosed
- **Website:** www.oic.om
- **LinkedIn:** https://www.linkedin.com/company/oman-investment-corporation

## Regulatory record

- **Reports private funds:** No

## About

Established in 2005, Oman Investment Corporation SAOC (“OIC”) is a leading private equity investment company in Oman. OIC has assets under management of about a quarter of billion united states dollars with 13 investments in power & water, real estate, infrastructure, financial services, education, food and beverage, and manufacturing sectors in Oman. OIC invests in privately held companies with a strong investment case which can deliver superior risk-adjusted returns. OIC targets greenfield opportunities as well as growth capital and buyouts of businesses in a wide range of sectors. OIC works closely with local and international partners to develop new and innovative projects which can create new growth industries in Oman. OIC was presented with the “Best Investment Company” Award at the fourth edition of the Al Roya Economic Awards 2015. OIC benefits from the collective expertise and knowledge of highly experienced Board members and Investment Team with a strong focus on international best practices, corporate governance and capital allocation. OIC is the sponsor and parent of Khazaen Economic City, a world-class integrated economic city with logistics, industrial, commercial, residential and mixed uses in the Sultanate of Oman. Khazaen is the largest economic development zone directly connected to Oman’s capital, Muscat.

## Sectors

- Real Estate
- Infrastructure
- Manufacturing
- Energy Transition & Renewables
- Financial Services
- Education
- Oil & Gas Services

## People

- Kalat Ghuloom Al Bulooshi — CEO
- Tareq Al-Mugheiry — Chief Investment Officer
- Cyrus E. Cooper — Chief Financial Officer

## Questions

### Who runs investment decisions at Oman Investment Corporation?

Tareq Al-Mugheiry serves as Chief Investment Officer and has managed OIC's investment activities since the firm's 2005 founding. He oversees the day-to-day portfolio and sits on the boards of multiple portfolio companies. CEO Kalat Al Bulooshi provides strategic direction and holds board seats across the portfolio, including as Deputy Chairman of Sembcorp Salalah.

### How does OIC source proprietary deal flow?

OIC originates transactions by working with government stakeholders on large-scale domestic projects and by selectively partnering with international operators such as Singapore's Sembcorp Utilities and Russia's TMK. Its website highlights proactive deal sourcing, local networks, and a direct-development approach that brings global market leaders into Oman as co-investors.

### Does Oman Investment Corporation function as a sovereign fund or a private equity firm?

It operates as a private equity investment company, distinct from the Oman Investment Authority, the sovereign wealth fund. OIC takes controlling or founding equity stakes in Omani industrial, infrastructure and service businesses, developing them with a view to eventual IPO on the Muscat Securities Market.

### What is OIC's exit strategy?

OIC targets initial public offerings on the Muscat Securities Market as its primary exit route, creating expanded investment opportunities for local and regional investors. The firm has already listed Takaful Oman Insurance in 2014 and the US$1 billion Sembcorp Salalah power-and-water project. It has also executed trade sales, such as the 2009 divestiture of Gulf Energy Services via a management buy-out.

### Does OIC co-invest alongside external limited partners?

OIC structures its investments by partnering directly with strategic operators and co-promoters — such as Sembcorp, TMK and the Takaful Oman founding consortium — rather than raising blind-pool funds from external limited partners. The firm equity-finances projects at the entity level and has raised over US$700 million in international project debt for its ventures.

### How is OIC tied to Oman's broader economic strategy?

The firm explicitly frames its mandate around Oman's economic diversification and job creation, reporting the attraction of US$370 million in foreign direct investment and the creation of more than 1,500 domestic jobs. Projects such as Khazaen Economic City and the Salalah power-and-water plant align with national logistics, utilities and industrialization goals under the Sultanate's long-term development plans.

## Related profiles

- [Oman Investment Bank](https://altss.com/profile/oman-investment-bank)
- [Oman Investment & Finance Company](https://altss.com/profile/oman-investment-finance-company)

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Last updated: 2026-06-03T20:00:00.000Z

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