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September 01, 2015 2:22 AM 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 2015.

Muscat Electricity Distribution Company Key Developments

EHC Mulls Listing Of MEDC Stake

Electricity Holding Company SAOC (EHC) may sell stake in Muscat Electricity Distribution Company (MEDC). EHC intends to proceed with its plans to divest stakes in MEDC by way of an initial public offering (IPO). It has been learnt that initial discussions with the Capital Market Authority has already been started, however, it is not clear when the issue will be floated.

Government To Privatise Muscat Electricity Distribution Company

Electricity Holding Company SAOC has picked a consortium of advisors to explore possible privatizing of Muscat Electricity Distribution Company. The consortium will be led by Canada-based CPCS Transcom International Limited and will start the study this month, EHC said in a statement. The study will assess the options around privatizing MEDC and whether the company is ready for such a move. The potential privatization is part of the Omani governments plan to promote private sector participation in the economy and enhance the value of the company for all stakeholders, it added.

Government To Sell Stake In Majan Glass, Muscat Electricity And National Aluminium Products

Ministry Of Finance (Oman) is set to divest its stake in several state-owned firms in 2015. The semi-government or state-owned companies that have been identified for privatization include Majan Glass Company SAOG (MSM:MGCI), National Aluminium Products Company SAOG (MSM:NAPI) and Muscat Electricity Distribution Company.

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Recent Private Companies Transactions

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