About Us
Who We Are
The First Mazoon Fund (SAOC), listed on the Muscat Stock Exchange (MSX: FMFI), was established in 2006 as a pioneering force in Oman’s Islamic finance landscape. Named after the historic “rich land” of Oman, our fund was created with a clear vision: to provide a sophisticated, investment vehicle that drives long-term capital growth and generates stable income for our investors.
Managed by Ominvest, one of Oman’s leading investment companies, we combine deep local market expertise with a disciplined, strategic approach to investing. Our commitment to transparency, robust governance, and ethical principles has made us a trusted partner for thousands of investors seeking to participate in the growth of the Sultanate’s economy.
- Since its foundation in 2007, The First Mazoon Fund Company SAOC has invested in over 72 businesses in transactions with a value of over $3bn from our offices in Oman
Overview
The First Mazoon Fund is a publicly listed, closed-end investment fund established in the Sultanate of Oman. It is one of the leading and largest investment funds in the country, playing a crucial role in the development of Oman’s capital markets and providing a Sharia-compliant investment vehicle for individuals and institutions.
The fund’s name “Mazoon” is derived from a historical name for the region of Oman, meaning “the rich land” or “the source of wealth,” reflecting its investment objectives.
Key Details
Legal Structure: Closed-End Joint Stock Company (SAOC)
Listing: Listed on the Muscat Stock Exchange (MSX). Its ticker symbol is FMFI.
Inception (Launch Date): April 2006
Fund Manager: Ominvest (Oman International Development and Investment Company SAOG), one of the largest investment companies in Oman.
Digital assets: Funding and investments in crypto and crypto based projects for economic diversification plans under Oman’s Vision 2040
Primary Objectives
1. Long-Term Capital Appreciation: To achieve consistent and sustainable growth in the value of its assets over the long term.
2. Regular Income Distribution: To generate a stable stream of income for its unit holders (shareholders) through dividends.
3. Diversification: To invest in a diversified portfolio across various sectors and asset classes to mitigate risk.
4. Contribution to Oman’s Economy: To play a role in the economic development of Oman by investing in key sectors and companies locally and international.