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• Oman’s state energy firm OQ owns ⁠a 50 per cent stake in the firm, while Indian Farmers Fertiliser Cooperative and Krishak Bharati Cooperative each own a 25 per cent stake.
• All shares on offer ‌by the three selling shareholders are existing ordinary shares and proceeds will be paid to the selling shareholders, OMIFCO said in a statement.
• The subscription period is expected to commence ​this month, with a listing in Muscat expected in July.
• The Middle East ⁠is a leading hub for the production of fertilizers, whose global prices have jumped following the near-total closure ‌of the Strait of Hormuz during the war.
• OMIFCO operates two ammonia and two urea plants in Oman with nameplate capacity of around 1.15 million tons per annum (mtpa) and 1.65 mtpa, respectively.
• It said in the medium ‌term, the firm might consider an expansion that could double ​capacity for both fertilisers, although no final investment decision has been made.
• The company ⁠posted revenue of $802.3 million last year and $207.4 million ⁠in the first three months of 2026. It expects to distribute total dividends of ‌around $185 million for the 2026 financial year.
• Bank Muscat and Societe Generale are joint global coordinators ​for the offering.