Oman Investment Authority restructures boards of government firms

Muscat: As part of its mandate to fully review state-owned companies, Oman Investment Authority (OIA) announced the restructuring of boards of directors of 15 government firms.
A statement to this effect said that, in accordance with specific criteria covering the operational status of government firms and the sectors where the firms function and, to ensure partnership of society, Oman Investment Authority appointed 79 people of speciality and expertise in different government and private positions to represent the OIA as heads and members of boards in the firms under its supervision.
The statement also announced the change of chairmen of boards of directors of five firms affiliated to OIA, noting that the rest of members will continue in their positions to ensure efficient management and ideal governance.
The boards of directors will operate in line with proper governance procedures and a national agenda to be supervised by the OIA, according to the statement.