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Abraj displays his track record at the MSX Investor Roadshow

After rolling out its new brand identity, Abraj Energy Services, one of Omani’s leading oil and gas services companies, participated in the Muscat Stock Exchange (MSX) Investor Tour which included potential candidates for the Initial Public Offering.

The company has demonstrated to investors and key stakeholders its robust business model supported by strong financial and operational performance.

The MSX Investor Roadshow highlighted the sweeping reforms being implemented to boost the Sultanate’s capital markets and bolster its privatization efforts.

Oil Services Champion

Abraj’s new CEO, Saif Al Hamhami, was joined by Business Development Manager Salah Al Harthy to present the company’s role as a champion of Omani oil services to a group of local, regional and global investors.

Al Hamhami said, “Through targeted investments and an experienced workforce, Abraj has grown into a leading Omani oil services company, backed by strong financial performance, a modern drilling fleet and an unwavering commitment. to provide its customers with quality services. At Abraj, we promote consistently high standards of excellence and a culture of safety in all of our operations. Abraj is focused on strengthening its role as a provider of quality oil services that improves value in the country and seeks to develop more productive, efficient and greener services that contribute to the Sultanate’s sustainable economic growth.

Al Hamhami and Al Harthy pointed out that Abraj’s commitment to excellence has underpinned the company’s financial strength, which is backed by stable and contracted revenues from a diverse blue-chip customer base.

$323 million in revenue in 2021

In 2021, the company generated $323 million in revenue and $121 million in EBITDA, which grew 21% CAGR over the past 3 years.

Al Hamhami and Al Harthy attribute this success to the company’s experienced management team and dedicated workforce. Abraj’s expert team is part of a strong base of more than 2,500 dedicated employees, 93% of whom are Omani citizens.– TradeArabia Press Service