Companies
OQ Gas Networks
Oman · Gas transportation · State-controlled, listed · Muscat Stock Exchange: OQGN · Founded 2000
OQ Gas Networks SAOG (OQGN) operates Oman's natural gas transportation network under a concession agreement with the Government, which Royal Decree 122/2020 ratified in its amended form. Note 1 of its 2025 financial statements says it was incorporated on 23 May 2000, listed on the Muscat Stock Exchange on 24 October 2023 when OQ sold up to 49% in an IPO, and that OQ, wholly owned by the Government through the Oman Investment Authority, retains 51%. Its audited 2025 statement of profit or loss gives revenue of RO 128.8 million (2024: RO 72.2 million), alongside finance income of RO 79.2 million, and profit for the year of RO 51.2 million (2024: RO 47.8 million). The 2025 annual report names Ayad Al Balushi as chairman, appointed in March 2025, and Abdulwahhab Al Hinai as deputy chairman; the exchange's company profile, read in October 2026, lists Abdulwahhab Al Hinai as chairman. Mansoor Al Abdali is Chief Executive Officer.
Verified · updated 24 Oct 2026
Key facts
OMR 128.8 mn
Revenue
OQ Gas Networks SAOG — Annual Report 2025, online version: audited financial statements, 31 December 2025 (English and Arabic)·FY2025·undated source · read on 24 Oct 2026·updated 24 Oct 2026·About this indicator
OMR 51.2 mn
Net income
OQ Gas Networks SAOG — Annual Report 2025, online version: audited financial statements, 31 December 2025 (English and Arabic)·FY2025·undated source · read on 24 Oct 2026·updated 24 Oct 2026·About this indicator
Ownership and relationships
- majority shareholder:OQ· 51%
OQ Gas Networks SAOG — Annual Report 2025, online version: audited financial statements, 31 December 2025 (English and Arabic) ↗·as of 31 Dec 2025·read on 24 Oct 2026·updated 24 Oct 2026
- Chief Executive Officer:Mansoor Al AbdaliOQ Gas Networks — appointment of the Chief Financial Officer (30 Aug 2026, MSX) · source dated 30 Aug 2026 ↗
Key people
- Mansoor Al Abdali · Chief Executive Officer, OQ Gas Networks
History
| Key indicators | Period | Value | Source |
|---|---|---|---|
| Revenue | FY2025 | OMR 128.8 mn | OQ Gas Networks SAOG — Annual Report 2025, online version: audited financial statements, 31 December 2025 (English and Arabic)·FY2025·undated source · read on 24 Oct 2026·updated 24 Oct 2026 |
| Revenue | FY2024 | OMR 72.2 mn | OQ Gas Networks SAOG — Annual Report 2025, online version: audited financial statements, 31 December 2025 (English and Arabic)·FY2024·undated source · read on 24 Oct 2026·updated 24 Oct 2026 |
| Net income | FY2025 | OMR 51.2 mn | OQ Gas Networks SAOG — Annual Report 2025, online version: audited financial statements, 31 December 2025 (English and Arabic)·FY2025·undated source · read on 24 Oct 2026·updated 24 Oct 2026 |
| Net income | FY2024 | OMR 47.8 mn | OQ Gas Networks SAOG — Annual Report 2025, online version: audited financial statements, 31 December 2025 (English and Arabic)·FY2024·undated source · read on 24 Oct 2026·updated 24 Oct 2026 |