Nama’s operating revenue rises by 21% to OMR1.8bn

Nama’s operating revenue rises by 21% to OMR1.8bn

Muscat: The operating revenue of Nama Group increased by 21. 2 percent in 2022 to OMR1. 8 billion at the end of 2022. The group also achieved a significant increase in its pre-tax profits which reached OMR139. 8 million at the end of 2022. In a statement to ONA, Nama Group said that it is currently working on raising the efficiency of the system and the performance of its subsidiaries to save costs by employing modern technologies and renewable energy sources and improving the services provided to subscribers. The group confirmed that its restructuring step was in line with the directives of the Oman Investment Authority (OIA) to achieve a number of goals. These include among others financial sustainability, achieving cost savings and increasing the efficiency of the supply chain. The group restructured the debts of its subsidiaries to ensure they have sustainable financing structures for future requirements. The group further pointed out that unifying all services related to electricity distribution contributed to enhancing efficiency and increasing the number of subscribers and sales, which was reflected in the size of the group's assets, which exceeds OMR2 billion. Nama Group said that it is implementing a series of initiatives related to