Dhofar Investments’ merger with OIFC Khedmah was completed in Muscat, Oman. Dhofar International Development and Investment Company finalizes the deal to integrate operations and boost capabilities. Public joint-stock firms unite to drive growth and support national economic objectives.
Merger Details
Dhofar Investments’ merger combines financial expertise from Dhofar Investments with the operational strengths of OIFC Khedmah. The unified entity leverages Khedmah’s advanced digital infrastructure for billing, collections, e-wallets, and remittances. Leaders align this move with Oman Vision 2040 to promote sustainable economic progress across multiple sectors.
Strategic Goals
Executives aim to speed up innovative financial services through the Khedmah platform. Their focus includes enhancing corporate governance, accelerating technology adoption, and fostering Omani talent development. The merger creates a stronger foundation for fintech growth, smart services, and financial inclusion initiatives that expand digital access across Oman’s communities.
Leadership Insights
Said Ahmed Safrar, CEO of Dhofar Investments, highlights the merger’s role in building an agile organization capable of unlocking new growth opportunities. He emphasizes the importance of empowering Omani skills and positioning the unified entity as a leader in technology-driven financial and investment services. Safrar notes the expanded platform aims to provide simple, secure, and accessible digital services, including bill payments, top-ups, remittances, delivery, and lifestyle offerings.
Operational Synergies
The integration merges governance frameworks, digital infrastructure, and operational systems to maximize efficiency and synergy. Dhofar Investments’ diversified portfolio includes insurance, banking, digital payments, energy, hospitality, education, healthcare, construction, exchange, and other services. The merger enhances capital capacity and introduces future-ready technological solutions that strengthen Oman’s economic foundation and support digital transformation.
Future Outlook
The merged company commits to fostering innovation by supporting the testing of new ideas and scaling high-impact projects. This initiative helps nurture a sustainable business environment aligned with Oman Vision 2040 goals. Customers and businesses alike benefit from a trusted, seamless platform that simplifies daily transactions and promotes financial inclusion. The unified firm’s focus on secure, accessible digital channels is expected to boost nationwide adoption of fintech solutions, contributing to Oman’s transition towards a tech-enabled economy.
This strategic merger marks a significant milestone in Oman’s financial services landscape, reinforcing the country’s commitment to integrating advanced technology with local expertise. It paves the way for new investment avenues, improved corporate governance, and accelerated digital adoption, supporting overall national growth ambitions and technological progress.
