EDO restructures operations in preparation for broader growth Business

EDO restructures operations in preparation for broader growth

Energy Development Oman (EDO) is undergoing an administrative restructuring to establish intermediate holding companies for its oil, gas and industrial activities, signalling a strategic evolution of the Sultanate’s national energy company as it prepares for potential expansion across the energy value chain. The restructuring was highlighted by Fitch Ratings in its latest credit assessment of […]

EDO issues 0m 10-year sukuk Finance

EDO issues $650m 10-year sukuk

MUSCAT: Energy Development Oman (EDO) has announced the successful issuance of a $650 million (RO 250 million) 10-year sukuk, maturing in January 2036. This transaction is part of EDO’s ongoing financing strategy to support a portion of its annual capital expenditure requirements, diversify its funding sources and optimise its capital structure. Priced at a profit […]