Majlis A’Shura ‘s Economic Committee Hosts Finance Undersecretary

Muscat, The Economic and Financial Committee at the Majlis A’Shura hosted today Nasser bin Khamis al-Jashmi, Undersecretary of the Ministry of Finance and a number of CEOs of some government holding companies.

The meeting, which was attended by CEOs of Oman International Logistics Company (ASYAD), Omani Tourism Development Company (Omran), Electricity Holding Company (NAMA), Oman Food Investment Holding Company, Oman Oil Company and Oman Aviation Group, discussed the establishment of holding companies and classifying them into groups (in the form of economic sectors). Each group leads a holding company and initiates mergers of some companies as announced in November 2018, as happened with the merging of Oman Oil Company and Oman Refineries and Petrochemicals Company (Orpic).

Members of the committee were briefed on the presentations made by the companies, which included the vision and tasks of each company, the objectives and future plans, the aspirations that the companies want to reach, in addition to the most important financial results of their investments, performance rates, the implementation of the investment projects of the subsidiaries of each group or those established by the Group.

Source: Oman News Agency