Company set up to develop Dhahirah offers shares to community

Company set up to develop Dhahirah offers shares to community

In a novel initiative, the people of Dhahirah are being offered shares of a company set up to further economic growth and development in the governorate.Muscat – In a novel initiative, the people of Dhahirah are being offered shares of a company set up to further economic growth and development in the governorate.

A closely held joint stock company established in 2021, Al Dhahirah Company has been mandated to highlight the governorate’s unique strengths. Members of communities in the governorate can be shareholders, earning profit from the area’s economic growth and development.

The company – with close to 2,400 shareholders from the wilayats of Ibri, Dhank and Yanqul – opened its office in Muscat recently under the auspices of Abdulsalam al Murshidi, President of Oman Investment Authority. The company aims to coordinate investments across vital economic sectors targeted for economic growth in Dhahirah, while yielding new investment opportunities.

The office inauguration included a signing ceremony with key stakeholders. “Our new office and strategic partnerships with stakeholders from different sectors indicate our long-term ambition to become a tier-one company that further unlocks the potential of Dhahirah governorate. We are committed to driving strong economic growth in the region and, thus, contributing to the nation.