MUSCAT SECURITIES MARKET (MSM)Trading Hours: Sun - Thu 10:00 am-1:00 pm

SMN Power Holding SAOG SMNP
SMNP 0.00%
Services 0.18%
MSM30 Index 0.16%
Last Value
% Change
Price in OMR Last Update : 25 Oct 2016 1:15 pm (local time)


Corporate Details
Symbol SMNP
ISIN Code OM0000004248
Exchange Oman
Sector Services
Auditors KPMG
Company Description

SMN Power Holding SAOG is incorporated for the purpose of holding the shares of SMN Barka Power Company SAOC and Al Rusail Power Company SAOC. It is Oman’s largest power company. Through its two facilities, SMN Barka Power Company and Al Rusail Power Company (RPC), it caters to 1/4 of Oman's main power grid demand and 1/5 of Oman's main water network needs.

Company Activities

SMN Barka produces power and potable water and runs a desalination plant to produce potable water. The plant operates on natural gas as primary fuel with fuel oil as back-up. Al Rusail Power Company is a natural gas-fired 665 MW power plant. Power capacity and production are sold to the OPWP under the 17-year PPA ending in March 2022.

Equity Profile
Date Established May 7, 2011
Listing Date N/A
Paid-up Capital (OMR) 19,963,560
Outstanding Shares 19,963,560
Shares Per Value 1.00
Contact Information

P.O. Box 121, Postal Code 134, JawharatA'Shatti, Muscat, Sultanate of Oman

+ 968 24 683 000

+ 968 24 683030



Company History

In 2005 the government invited proposals through tenders for the development of an Independent Water and Power Producer (IWPP) at Barka and the privatisation of Al Rusail Power Company. The Founders - Kahrabel GDF SUEZ, Mubadala Development Company and National Trading Company - secured the award from OPWP following a competitive bidding process in 2006. SMN Power Holding SAOG was incorporated on 7 May 2011 under the Commercial Companies Law of Oman in Sultanate of Oman.

Board Members & Senior Management
Mr. Mario Savastano Chairman
Mr. Abdullah Al Yahya'ey Deputy Chairman
Mr. Gillian-Alexandre Huart CEO
Mr. Gijs Olbrechts Board of Directors
Mr.Mohammed Issa Khalfan Alhuraimel Alshamsi Board of Directors
Mr. Masroor Jilani Board of Directors
Mr. Antonios Chatzi Georgiou Board of Directors
Mr. Alan Robinson Board of Directors
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