The Oman Investment Authority announced its financial results for 2025, recording exceptional performance that reflects the efficiency of its investment strategies and the strength of its asset management. The Authority achieved historic profits of OMR 2.9 billion, while the return on investment for 2025 reached 14.6 per cent.

The average return on investment over five years reached 10.4 per cent, earning the Oman Investment Authority third place globally among sovereign wealth funds, according to a report issued by SWF Global. The achievement reflects sustainable growth and market confidence in the Authority’s performance.

The Authority also ranked first globally in returns on public market investments during 2025 compared to sovereign wealth funds worldwide.

In terms of the key performance indicators for 2025, the Authority continued to achieve notable growth across various metrics. Total assets reached around OMR 23 billion, while annual performance indicators exceeded approved targets by 105 per cent during 2025.

The Authority also contributed OMR 800 million to the State’s general budget, with half allocated to the Future Fund Oman. In addition, it injected capital investments worth OMR 2.4 billion into local projects, contributing to economic growth and stimulating vital sectors.

As part of human capital development efforts, the Oman Investment Authority and its subsidiaries continued strengthening employment opportunities and empowering national talent. The Authority employed 438 staff members with an Omanisation rate of 91 per cent, while subsidiary companies employed more than 41,000 staff members with an Omanisation rate of 79.4 per cent.

During 2025, a total of 1,146 jobs were created, surpassing the annual target of 800 jobs. The Authority also directed OMR 287 million in spending towards small and medium enterprises in support of local content.

Sultan bin Salem Al Habsi, Minister of Finance and Chairman of the Board of Directors of the Oman Investment Authority, said the Authority continued in 2025 to support the national economy efficiently and sustainably. It also continued supporting economic diversification goals and strengthening partnerships with the private sector through the Future Fund Oman and its associated strategic projects.

He added that the Authority worked to regulate the performance of subsidiary companies to improve efficiency, achieve a balance between economic and strategic objectives and adopt best practices in human and financial resource management, thereby strengthening the Authority’s ability to contribute effectively to the objectives of Oman Vision 2040.

Abdulsalam bin Mohammed Al Murshidi, President of the Oman Investment Authority, said the exceptional achievements recorded in 2025 confirm the institutional excellence of the Authority and its companies, the competence of national talent and their tangible role in consolidating a path of outstanding performance and integration with national priorities.

He noted that the Authority and its subsidiaries continue to move forward with increasing momentum to maximise investment returns in support of economic development, national goals and building a future for coming generations.

As part of its balanced growth approach, the Authority continued diversifying its investments geographically and sectorally. Its investments are distributed across 52 countries worldwide, enhancing its ability to manage risks and maximise returns.

The Sultanate of Oman accounts for nearly two thirds of the Authority’s investments, while North America represents 19 per cent, Europe 9 per cent, Asia and Pacific Rim markets 4 per cent and the rest of the world 7 per cent.

As an executive arm of Omani economic diplomacy, the Oman Investment Authority worked during the year with several relevant entities, most notably the Foreign Ministry, to help attract foreign investments into local sectors and support the objectives of Oman Vision 2040.

This included participation in the overseas visits of His Majesty Sultan Haitham bin Tarik, including the visit to the Netherlands, which saw the signing of three strategic agreements, أبرزها a joint development agreement among 11 leading companies, including an agreement to develop storage facilities and infrastructure in the Duqm area.

The visit to Algeria included the announcement of the establishment of the Algerian Omani Investment Fund. During the visit to Russia, discussions focused on joint investments, with the Authority beginning engagement with several Russian entities to enhance economic cooperation opportunities.

The Authority also participated in His Majesty’s visit to Spain, during which four memoranda of understanding were signed in the fields of green methanol, liquefied natural gas, water management and wastewater management. The visit to Belarus resulted in the signing of a memorandum of cooperation to establish and operate a pulp production project.

During 2025, the President of the Oman Investment Authority also undertook several overseas visits, including leading an Omani delegation to Algeria and meeting President Abdelmadjid Tebboune to discuss economic and investment cooperation between the two countries.

A visit to Burkina Faso included a meeting with President Ibrahim Traoré and the signing of three investment cooperation agreements covering a joint gold mining project, agricultural investment and strategic crops.

A visit to Botswana resulted in four economic and investment agreements in the sectors of energy, renewable energy and mining. These included the development of solar and wind energy projects, along with partnerships in mineral exploration and technical expertise exchange.

In cooperation with the Foreign Ministry, the President of the Authority also visited Mongolia to explore opportunities in mining, energy, agriculture, food industries and long term trade and investment partnerships, as well as Hong Kongto discuss opportunities for economic, trade and investment cooperation.

At the investment portfolio level, the Oman Investment Authority continued diversifying investments across three main portfolios with total assets of around OMR 23 billion.

The domestic portfolio, known as the “National Development Portfolio”, manages the Authority’s investments in State owned companies and includes more than 160 local companies and assets. It aims to contribute to the growth and development of the national economy, in addition to supporting the State budget through dividend distributions.

By the end of 2025, the portfolio’s assets reached around OMR 13.09 billion and achieved profits of OMR 1.8 billion, with a return of 15.87 per cent, exceeding the approved target.

The portfolio also continued injecting capital investments into Oman Vision 2040 related projects worth OMR 2.4 billion up to the third quarter of the year. It contributed to implementing 14 national projects across multiple sectors, with investments exceeding OMR 450 million. These projects are expected to create more than 1,300 jobs once operational, in addition to contributing OMR 800 million to the State budget.

The external portfolio, known as the “Generations Portfolio”, includes investments outside the Sultanate of Oman and focuses on achieving sustainable financial returns and diversifying risks through long term investments in global markets.

The portfolio’s value reached OMR 8.57 billion and recorded profits of OMR 1.041 billion during 2025. It also expanded investments by adding new funds across various sectors, bringing the total number of investment funds to 210.

Public market investments within the portfolio ranked first globally, outperforming the public market performance of sovereign wealth funds worldwide by 17.1 per cent.

The Future Fund Oman remains one of the main drivers of the national economy through financing projects and supporting venture investment in the Sultanate of Oman, with capital amounting to OMR 2 billion.

Since its launch, the Fund has approved 186 projects with a total estimated value of around OMR 1.7 billion. These include major projects, direct investments, projects supporting SMEs and start ups.

The Fund’s investments in approved projects reached around OMR 640 million, while contributing to attracting foreign investments estimated at OMR 743 million. Since its establishment, the Fund has received 986 investment applications.

The Authority also reviewed the transformation of State owned companies towards profitability and sustainability after identifying operational challenges that surrounded their activities following the transfer of ownership to the Authority in 2020. It then implemented programmes and initiatives that enabled some companies to achieve profitability for the first time in 20 years.

This reflects the Authority’s efforts to strengthen the contribution of these companies to the national economy and correct public perceptions about them, while also reviewing broader details such as the main initial challenges, methods of addressing them and the overall results achieved.

The Oman Investment Authority also continued implementing 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 returns exceeding OMR 2.8 billion, which were reinvested into new opportunities.

During 2025 alone, the Authority divested six assets, surpassing the target of five assets, reflecting implementation efficiency and flexibility in investment portfolio management.

The divestment operations carried out during the year included IPOs, direct exits and strategic partnerships. These included the IPO of a 20 per cent stake in Asyad Shipping Company in a move aimed at broadening the investor base and enhancing market liquidity.

The Authority also completed a full direct exit of 10 per cent from the Omani Towers Company and a 69 per cent direct exit from Sohar Sulphur Fertiliser Company, reflecting its approach of redirecting investments towards more viable sectors and opportunities.

The divestments also included a partial exit from Oman Flour Mills involving 20 per cent of Oman Food Investment Holding Company’s 51 per cent stake, in addition to a partial exit of 11.4 per cent from Asyad Container Terminal as part of efforts to improve asset efficiency and expand partnerships with the private sector.

The Authority also entered into a strategic partnership in the Shuwaymiyah project involving a partial exit of 49 per cent in the quarry and 51 per cent in the port. The move aims to attract strategic investments and enhance the added value of the projects.

This performance reflects the success of the divestment programme in achieving its objectives through empowering the private sector, attracting foreign capital and supporting economic diversification and financial sustainability.

In terms of human capital, the Oman Investment Authority continued strengthening the presence of national talent, recording the highest localisation rate among sovereign wealth funds in the region, with Omanisation rates reaching 91 per cent within the Authority and 79.4 per cent across subsidiary companies.

The Authority also continued implementing specialised training and qualification programmes aimed at developing national talent and enhancing labour market readiness.

The Authority also continued supporting SMEs and enhancing their role in the national economy. Total spending on SMEs during 2025 reached around OMR 278 million, including OMR 186.4 million directed towards holders of the Riyada card. SMEs’ share of total supply chain expenditure also rose to 19.9 per cent.