OMIFCO
Sur-based producer of granular urea and anhydrous ammonia, set up by Oman and India and listed on the Muscat Stock Exchange in July 2026. It reported first-half 2026 revenue of OMR 192.0 million.
Industry: Fertiliser manufacturing (urea and ammonia) | Location: Sur, Oman | Founded: 2003
About OMIFCO
Oman India Fertiliser Company S.A.O.G., known as OMIFCO, produces granular urea and anhydrous ammonia at Sur Industrial City in Oman. The complex has two ammonia and two urea trains with nameplate capacity of 1.15 million tonnes of ammonia and 1.65 million tonnes of urea a year, plus a captive power plant and a jetty. OMIFCO had 636 employees on 30 June 2026, 80 percent of them Omani nationals.
Oman and India signed a government memorandum of understanding for the project in 1994, the foundation stone was laid in 2003, and commercial production began on 14 July 2005. Dr. Ahmed Al Marhoubi is chief executive, a former chief financial officer of the company, and Abdullah Al-Hashami is chief financial officer. Sunder Singh Yadav, a managing director of the Indian cooperative KRIBHCO, chairs the board.
OMIFCO buys natural gas feedstock from Integrated Gas Company under a long-term contract and sells under long-term take-or-pay offtake agreements. Export urea and ammonia are sold through OQ Trading and domestic urea through OQ Marketing. An India offtake agreement renewed for August 2026 to February 2031 covers 50 percent of urea production, and India accounted for about 71 percent of urea export volumes in 2023 to 2025.
The company says it has held ISO 9001 quality certification since 2008 and describes its business continuity system as aligned with ISO 22301. Its shares listed on the Muscat Stock Exchange on 8 July 2026 under the ticker OMIF.
After the listing OQ holds 37.5 percent, the Indian cooperatives IFFCO and KRIBHCO 18.75 percent each and the public 25 percent. The offering was 1.672 billion existing shares priced at 156 baisa, raising about OMR 260.9 million, or $678 million, and was about 18 times oversubscribed. OMIFCO received none of the proceeds.
OMIFCO reported 2025 revenue of OMR 308.9 million and profit of OMR 123.5 million. For the first half of 2026 it reported revenue of OMR 192.0 million, up 43.9 percent, and net income of OMR 80.2 million, up 48 percent. TechScoop cited the IPO in an August 2026 article on Oman's capital markets.
Leadership
- Ahmed Said Al Marhoubi, Chief Executive Officer
- Abdullah Al-Hashami, Chief Financial Officer
- Iftikhar Ali Khan, Director of Operations
- Zaki Al-Maawali, General Manager, Technical Services
- Khalid Sulaiman Al Farsi, General Manager, Corporate Support