No immediate plans exist to divest stakes in state-owned companies, according to the Oman government
Oman’s national economy ministry has said there are no immediate plans to divest stakes in state-owned companies, as the government seeks to maintain control on companies that produce essential commodities, Times of Oman has reported. “I don’t think the time is right for divesting government stake because the world is still in crisis,” Abdul Malik bin Abdullah al-Hinai, undersecretary for economic affairs at the ministry said. However, the government plans to sell stakes only in power generation firms in the near future and “it is too early to decide on privatising transmission lines,” he said.
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.