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ONES – Oman National Engineering & Investment Co SAOG

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1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

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Company Profile

Oman National Engineering & Investment Company SAOG is an Oman-based public joint stock company that operates in utilities and engineering sectors. The Company’s principal activities include operation and maintenance of power generation stations, desalination plants, hospital equipment, air conditioning plants, sewage treatment plants; contracting services for the meter reading and the billing of electricity and water and their subsequent collection, and the supply and installation of power generating equipment, construction of power supply lines and other related projects. The Company is organized into five divisions include engineering, marketing, billing, training centre and information technology (IT). As of December 31, 2011, the Company’s major shareholders included Zawawi Trading Co. Al Sharqia Investment Holding Company and Al Taher Enterprises, among others.

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