Fertilizer IPO and Market Dynamics (with Abeer)

Ahmed Said Al Marhoubi discusses OMIFCO's landmark IPO on the Muscat Stock Exchange, citing strong operational results and transparency. The company is not directly impacted by the Strait of Hormuz disruptions. 61% of sales go to India, with the rest to the US, Brazil, and Australia.

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Ahmed Said Al Marhoubi 6.0

Fertilizer IPO and Market Dynamics (with Abeer)

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Al Marhoubi states the company is not impacted by the Strait of Hormuz disruptions, suggesting the market is functioning. This implies no strong directional view on oil from this interview.

Abeer

Asks about the timing of the IPO amidst geopolitical uncertainty.
Ahmed Said Al Marhoubi

We are proceeding with the IPO after a long-term plan. The company has had a successful year with strong operational efficiency and results. The timing is right for shareholders and to ensure transparency.
Abeer

Asks about investor demand from outside the region.
Ahmed Said Al Marhoubi

Yes, we are presenting to international investors and seeing demand.
Abeer

Asks about difficulties from the war driving up fertilizer prices.
Ahmed Said Al Marhoubi

We have not been directly impacted by the war. We are away from the Strait of Hormuz. Our operations and shipping are unaffected. Our first quarter results are much better than last year.
Abeer

Asks about main markets.
Ahmed Said Al Marhoubi

61% of sales go to India. The rest is exported to the US, Brazil, Australia, and other countries like China and Sri Lanka. We always aim to maximize netbacks.

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