SMN Power Holding SAOG Overview
Pro stress-test →SMN Power Holding SAOG, together with its subsidiaries, engages in the power generation and water desalination businesses in the Sultanate of Oman. The holding combines about 864.2 MW of power and 120,000 m³/day potable water capacity.
Strategic Profile
Pro stress-test →The Company operates through two subsidiaries, namely SMN Barka Power Company SAOC (SMN Barka) and Al Rusail Power Company SAOC (Al Rusail). The business model of both project companies is based on a strong contractual framework, with solid and reliable partners.
Competitive Landscape
Pro stress-test →SMN operates as one of Oman's independent power producers (IPPs) within a regulated market structure. Competitors include other Omani power entities under the NAMA Holding/Electricity Holding Company framework and private IPPs. The market is relatively concentrated with limited competition due to state-controlled procurement through the single buyer model.
Industry Context
SMN Power Holding SAOG operates in Power Generation & Water Utilities.
Key facts
Founded: 2011 · Headquarters: Muscat, Oman · Employees: 201-500 · Revenue: $8.7M OMR (H1 2025) · Market cap: $112.4M OMR (~$11.2M USD equivalent at historical rates)