Oman Investment Authority reviews its financial position – Times of Oman

Oman Investment Authority reviews its financial position – Times of Oman

The maiden meeting of the Board of Directors of OIA was held on Tuesday under the chairmanship of Sultan bin Salim Al Habsi, Chairman of OIA's Board. Photo: ONA

Muscat: The financial status of Oman Investment Authority (OIA) and the performance of its investments within the Sultanate and abroad were reviewed in the backdrop of global economic downturn caused by Covid-19 and ensuing repercussions.

The review came during the maiden meeting of the Board of Directors of OIA held on Tuesday under the chairmanship of Sultan bin Salim Al Habsi, Chairman of OIA's Board.

The Board discussed various issues related to OIA's regulation and the restructuring of affiliated firms. It approved procedures for amendments in boards of directors of OIA's affiliated companies, besides endorsing a set of decisions pertaining to OIA's governance measures.