Oman’s first listed mutual fund raises $70m in IPO

Oman Gateway Fund (OGF), which was listed this week on the Muscat Securities Market, has raised $70 million in an initial public offering, making it the first listed mutual fund in the country. 

Brokerage company United Securities, the investment manager of OGF, said subscriptions ended on February 12.

Analysts said the ongoing Iran-US war had not discouraged the appetite from Omani investors.

“The current regional conflict has not stopped local investors looking for long-time financial security,” Salim Al Farsi, mutual fund adviser at the Muscat Securities Market, told AGBI. 

“They know this war will pass and things will go back to normal sometime in the future.” 

The MSM closed on Thursday at 7,344 points, about 20 percent higher than in 2025. 

Oman-listed companies have raised about $4 billion from IPOs since 2023, mostly from state-controlled companies. 
The MSM’s total market capitalisation rose 16 percent year on year to OMR32 billion ($83 billion) in 2025, AGBI reported.

Further reading:

• Value of Oman’s stock exchange rose 16% to $83bn in 2025
• The Gulf’s economy is holding its breath
• Oman’s port profits pushed up by business expansions