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Profits at Oman-listed OQBI surged in 2024

Summary by AGBI
Oman’s state-controlled OQ Base Industries (OQBI) has reported that net profits for 2024 increased by 38 percent to $81 million, up from $25 million a year earlier.  OQBI, which produces methanol, ammonia and liquefied petroleum gas (LPG), is the downstream arm of state-owned OQ. It started trading on the Muscat Security Market (MSM) on December 15 after completing an IPO of $489 million, or 49 percent of shares. The stock has lost 9 percent thi…
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Profits at Oman-listed OQBI surged in 2024

Oman’s state-controlled OQ Base Industries (OQBI) has reported that net profits for 2024 increased by 38 percent to $81 million, up from $25 million a year earlier.  OQBI, which produces methanol, ammonia and liquefied petroleum gas (LPG), is the downstream arm of state-owned OQ. It started trading on the Muscat Security Market (MSM) on December 15 after completing an IPO of $489 million, or 49 percent of shares. The stock has lost 9 percent thi…

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AGBI broke the news in on Wednesday, April 2, 2025.
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