Oman National Investments Development Company SAOC, (National Investment Funds Company previously) was founded in 1998 by Royal Decree No. 81/98, amended by Royal Decree No. 55/2013, as a closed joint stock company established in order to manage investment funds as well as investments in other multiple sectors, such as industry, tourism, services, real estate development and others.
The company was formed by 10 shareholders as follows: The State General Reserved Fund (SGRF), Public Authority for Social Insurance, Civil Service Employees Pension Fund, Diwan of Royal Court Pension Fund, Ministry of Defense Pension Fund, The Royal Office Pension Fund, Royal Oman Police Pension Fund, The Royal Guard of Oman Pension Fund, Internal Security Services Pension Fund and The Sultan Special Force Pension Fund.
The company manages the founders’ assets in addition to company’s clients’ assets under its portfolio management licensed activity or through investment funds available to the public and licensed by the Capital Market Authority (CMA). The company manages assets valued at more than RO 147 million (as at end of December 2014).
