Oman Re: initial public offering

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Oman ReOman Re has successfully completed its listing on the Muscat Stock Exchange (MSX) in November 2021.

The operation, in compliance with the local regulatory mandate, has enabled the reinsurer to raise 2.62 million OMR (6.8 million USD) in funds. The company's capital has thus increased from 30 million OMR (78 million USD) to 32.62 million OMR (84.5 million USD).

Founded in 2009, Oman Re is the only reinsurer in the Sultanate to underwrite facultative and conventional reinsurance operations on the local and international markets.

In 2021, the company was granted approval by the competent authorities to open a branch in the Qatar Financial Center (QFC) based in Doha.

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Thu, 02/12/2021 - 16:18
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