OMIFCO Shares Listed on Muscat Stock Exchange After Oversubscribed IPO

By the Editorial Team · Thursday, July 9, 2026

Oman India Fertiliser Company SAOG (OMIFCO) was officially listed on the Muscat Stock Exchange on July 8 after a highly oversubscribed IPO offering 25 percent of its shares. The listing, valued at approximately 1.04 billion Omani rials, strengthens investor confidence and supports OMIFCO’s long-term growth backed by stable contracts and strategic importance to Oman’s industrial and global food supply sectors.

Shares of Oman India Fertiliser Company SAOG (OMIFCO), a major producer of anhydrous ammonia and granular urea in Oman, were officially listed on the Muscat Stock Exchange (MSX) on July 8, following a highly oversubscribed initial public offering (IPO) held last month. The company offered 25 percent of its total issued share capital, attracting strong interest from both institutional and retail investors.

OMIFCO’s market capitalization at listing stood at approximately 1.04 billion Omani rials (around $2.7 billion), underscoring investor confidence in the company’s future growth and long-term value creation. The commencement of trading was marked by a bell-ringing ceremony at MSX, attended by key officials including Abdulsalam bin Mohammed al Murshidi, President of the Oman Investment Authority (OIA).

Ashraf bin Hamad al Maamari, CEO of OQ Group, highlighted the significance of the listing as a notable milestone in OQ’s broader investment strategy. He pointed out that the public offering of OMIFCO shares reflects a progression that began with Abraj and has resulted in five public offerings over the last three years.

Muscat Stock Exchange CEO Haitham bin Salim al Salmi described the listing as a strategic enhancement for the capital market, emphasizing its role in broadening the investor base in key national companies. He noted OMIFCO’s pivotal contribution to Oman’s industrial sector as well as its impact on global food supply chains.

OMIFCO’s Chairman, Sunder Singh Yadav, expressed gratitude for the strong investor support and welcomed shareholders to the company’s next phase focused on operational excellence, sustainable growth, and value creation. CEO Dr. Ahmed al Marhoubi called the IPO “Oman’s most in demand,” highlighting investor confidence in OMIFCO’s integrated and resilient business model. He pointed to the company’s fully integrated ammonia and urea production facility, export-oriented infrastructure, and long-term contractual arrangements as foundations for its sustained operational performance.

In comments to the press, OMIFCO’s Chief Financial Officer Abdullah bin Humaid al Hashami outlined the company’s long-term contractual framework, including three-year sales agreements with OQ Trading and OQ Local Marketing, as well as gas supply contracts extending over ten years with the Integrated Gas Company (IGC). This contractual stability, he indicated, provides assurance regarding OMIFCO’s financial and operational performance going forward.

This article was reported by synthesizing coverage from multiple independent news outlets to present a balanced, unbiased account. Read about our editorial standards. Spotted an error? Let us know.