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Merge 104.8 | 19 July 2020
The Oman Investment Authority has announced today a number of changes in leadership positions in several public companies under the authority’s umbrella.
The list includes Mohammed Al Barwani, the billionaire businessman who has been appointed as the new Chairman of Oman’s national carrier, Oman Air.
The new list of 79 board members, chairpersons, and CEOs for 15 companies does not include any ministers or undersecretaries.
According to Forbes, Al Barwani founded energy conglomerate MB Holding in 1982. From its start providing oil field services, it expanded in to exploration and production of oil and gas. This remains the most valuable part of its business (the company also provides engineering services and mines for minerals).
Barwani’s five children are all active in MB Holding, which had 2013 revenues of $1.2 billion. He also runs Musstir, a real estate developer with stakes in several hotels in Oman. Al Barwani owns Dutch luxury yacht manufacturer Oceanco, which builds custom yachts up to 300 feet long, and recently acquired a Turkish shipyard to build smaller vessels.
