July 22, 2017 8:08 PM ET

Electric Utilities

Company Overview of Muscat Electricity Distribution Company

Company Overview

Muscat Electricity Distribution Company provides electricity distribution services in Muscat. It provides services to private consumers, commercial consumers, and government sector. The company was founded in 2005 and is based in Muscat, Oman. Muscat Electricity Distribution Company operates as a subsidiary of Electricity Holding Company SAOC.

Medcoman Building

131 Al Hamrya

Ghubrah

Muscat,  112

Oman

Founded in 2005

Phone:

968 24588600

Fax:

968 24588666

Key Executives for Muscat Electricity Distribution Company

Compensation as of Fiscal Year 2017.

Muscat Electricity Distribution Company Key Developments

Nama May Defer Muscat Electricity IPO

MNama Group might look to defer the proposed initial public offering of Muscat Electricity Distribution Company due to unfavourable market conditions. “We are reconsidering the options whether we will go for IPO or something else. Another option could be a strategic partner or some other method of privatization. The current economic situation in the country and the appetite in the local market is the main reason why, the group is reconsidering,” Eng Omar al Wahaibi, Chief Executive Officer of Nama Group said.

Nama May Defer Muscat Electricity IPO

Nama Group might look to defer the proposed initial public offering of Muscat Electricity Distribution Company due to unfavourable market conditions. “We are reconsidering the options whether we will go for IPO or something else. Another option could be a strategic partner or some other method of privatization. The current economic situation in the country and the appetite in the local market is the main reason why, the group is reconsidering,” Eng Omar al Wahaibi, Chief Executive Officer of Nama Group said. Wahaibi added the committee on privatization will soon meet to decide on various options going forward, which includes engaging strategic partner or any other option.

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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