Oman Investment Corporation (OIC), a leading private equity investment company in Oman, has announced selling 2.86 per cent of its shares in Sembcorp Salalah Power and Water Company SAOG (SSPWC) to the Ministry of Defence Pension Fund. In 2009, OIC joined hands with Sembcorp Utilities, a subsidiary of Singapore’s Sembcorp Industries to win a 15 year contract to supply power and water to the Oman Power & Water Procurement Company for the Dhofar Governorate and established SSPWC. Following the share sale to the Ministry of Defence Pension Fund, OIC continues to hold a 16.1% shareholding in SSPWC.
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