Sembcorp Salalah is 40% owned by Sembcorp Utilities (Singapore), a wholly-owned subsidiary of Sembcorp Industries, and 13% owned by Oman Investment Corporation (Oman), with others (including public shareholders) holding 47% of the Company’s issued share capital.
Sembcorp Salalah has been listed on the Muscat Securities Market since 8 October 2013.
Sembcorp Industries is a leading utilities, marine and urban development group, present across five continents.
As an integrated energy player, Sembcorp is poised to benefit from the global energy transition. With a strong track record in developing and developed markets, it provides solutions across the energy and utilities value chain, with a focus on the Gas & Power, Renewables & Environment, and Merchant & Retail sectors. It has a balanced energy portfolio of over 11,000 megawatts, including thermal power plants, renewable wind and solar power assets, as well as biomass and energy-from-waste facilities. In addition, Sembcorp is a world leader in offshore and marine engineering, as well as an established brand name in urban development.
Sembcorp Industries has total assets of over S$23 billion and over 7,000 employees. Listed on the main board of the Singapore Exchange, it is a component stock of the Straits Times Index, several MSCI and FTSE indices, as well as the SGX Sustainability Leaders Index and the Dow Jones Sustainability Asia Pacific Index.
The Salalah Independent Water and Power Plant is Sembcorp’s second power and water investment in the Middle East, where it has been operation since 2006. Sembcorp owns, operates and maintains the Fujairah 1 Independent Water and Power Plant, one of the world’s largest operating hybrid desalination plants, in the United Arab Emirates.
Oman Investment Corporation is a leading Omani investment company that combines an ambitious, entrepreneurial spirit with years of experience and a thorough knowledge of investing in the region. It primarily invests in unquoted companies with a strong investment case which can deliver superior risk-adjusted returns to its shareholders. The company targets growing businesses and acquisitions of companies in a wide range of industry sectors.
Oman Investment Corporation has a strong management team with financial and investment expertise, and a successful track record in adding value to the companies in which it invests.