OmanRe IPO within 2 years

Executives at OmanRe have said that they are planning an IPO within the next years.

The company has seen continuous growth since beginning operations in 2009, with capital of Omani Rial 5 million. That capital has now grown to Omani Rial 30 million.

Murthadha Ibrahim Al Jamalani, managing director of OmanRe, told local newspaper, Times of Oman, that the firm’s rating, capital, IT system and human resource policy would help to ‘attract big international clients’ and to achieve the vision that the company had set out.