MUSCAT : Oman India Fertiliser Firm (OMIFCO) plans to supply 25 per cent of its shares in an preliminary public providing, bringing one in all Oman’s largest industrial exporters to the Muscat Inventory Alternate.
The subscription interval is anticipated to open in June 2026, topic to approval from the Monetary Companies Authority, with itemizing focused for July.
The providing will include present shares held by OQ, Indian Farmers Fertiliser Cooperative Restricted and Krishak Bharati Cooperative Restricted. OMIFCO stated it is not going to obtain proceeds from the sale.
The deliberate float comes as Oman continues to deepen its capital market by means of listings of state-linked and strategic firms. For traders, OMIFCO presents publicity to an export-led fertiliser producer with robust margins, a debt-free steadiness sheet and a said dividend coverage.
The corporate operates the most important fertiliser advanced in Oman and one of many prime 5 within the GCC. Its plant in Sur Industrial Metropolis has annual nameplate capability of about 1.15 million tonnes of ammonia and 1.65 million tonnes of urea.
OMIFCO generated income of $802.3 million in 2025, with an EBITDA margin of fifty.6 per cent and a web revenue margin of 40 per cent. Within the first quarter of 2026, income stood at $207.4 million, whereas EBITDA margin was 50.5 per cent and revenue margin reached 40.4 per cent.
The corporate stated it has maintained a web money place for a number of years, with no interest-bearing debt. Its enterprise mannequin is supported by long-term fuel provide preparations, offtake agreements and export infrastructure, together with a devoted deep-water jetty in Sur.
Urea is OMIFCO’s predominant income driver. It accounted for 92.8 per cent of income in 2025 and 95.4 per cent within the first quarter of 2026. The corporate bought 2.1 million tonnes of urea in 2025, with 98.3 per cent exported.
India stays OMIFCO’s largest export market. From 2023 to 2025, India accounted for 71 per cent of exported urea volumes and 61 per cent of ammonia export volumes.
OMIFCO produced 1.35 million tonnes of ammonia and a pair of.07 million tonnes of urea in 2025, exceeding nameplate capability utilisation charges for each merchandise.
The corporate has set an anticipated dividend of about OMR 71.2 million, equal to $185 million, for FY2026, to be paid in two equal instalments in September 2026 and April 2027. For FY2027 and FY2028, dividends are anticipated to be the upper of 90 per cent of web revenue or a minimal annual compounded improve of three per cent from the FY2026 dividend.
OMIFCO can also be finding out medium-term growth that might add about 2.05 million tonnes per 12 months of urea capability and 1.19 million tonnes of ammonia capability. The corporate stated no remaining funding resolution has been taken and any growth would rely on feasibility, fuel allocation and approvals.
Chairman Sunder Singh Yadav stated the proposed itemizing marked an essential stage in OMIFCO’s growth and mirrored the corporate’s function in supporting international meals provide.
Chief Govt Officer Dr Ahmed Al Marhoubi stated OMIFCO had delivered robust monetary and operational efficiency and remained centered on long-term shareholder worth.
Haitham bin Salim Al Salmi, Chief Govt Officer of MSX, stated the deliberate itemizing would assist market depth and broaden funding alternatives.
Financial institution Muscat and Société Générale have been appointed joint international coordinators, with Financial institution Muscat appearing as situation supervisor. Arqaam Capital and United Securities are joint bookrunners.
The providing stays topic to regulatory approvals and market situations.
