Rakiza Fund I To Acquire Oman's Leading Industrial Water Utilities Platform

Rakiza Fund I, co-managed by Oman Infrastructure Investment Management (Rakiza) and Equitix, has signed definitive agreements to acquire Majis Industrial Services SAOC from OQ, the global energy investment group.

Majisis an integrated industrial water utilities provider, serving Sohar's strategic industrial and port complex under a long-term concession framework. It provides cooling seawater, process water, potable water and wastewater treatment services to a diverse industrial customer base.

Rakiza Fund I has partnered with IV3 Aqua on the transaction, drawing on its specialist water sector expertise. Through this partnership, Rakiza will support Majis' next phase of growth, focusing on operational performance, sustainable development and reliable service delivery. The investment reflects Rakiza’s ability to identify the right long-term partners for specialist infrastructure assets, bringing together complementary capabilities that support resilient operations and long-term value creation.

Khalid Al Khatib, Chief Executive Officer of Rakiza, said:
"This investment in Majis reflects Rakiza's conviction in the essential infrastructure that powers Oman's industrial growth. As the leading integrated water utilities platform in Sohar, Majis combines strategic importance, a high-quality customer base and long-term contracted revenues, making it a highly attractive investment that strongly aligns with our long-term strategy."

The Fund’s investment represents a significant commitment to critical infrastructure supporting Oman's industrial economy and the Sultanate's drive to increase private-sector participation in strategic assets. This acquisition also underscores the continued attractiveness of Oman's infrastructure sector to long-term institutional capital and supports the Vision 2040 economic diversification agenda.

As one of the region’s leading infrastructure investment funds, Rakiza Fund I continues to pursue infrastructure opportunities in Oman and the Kingdom of Saudi Arabia that support economic development and deliver stable, long-term returns.

About Rakiza Fund I
Rakiza Fund I is the Oman Infrastructure Fund, co-managed by Oman Infrastructure Investment Management (Rakiza) and Equitix, focused on investing in essential infrastructure assets across the Sultanate of Oman and the Kingdom of Saudi Arabia. The Fund seeks to generate sustainable, long-term returns while contributing to economic development across the region.

For more information, visit https://www.rakizafund.com/

About Oman Infrastructure Investment Management
Oman Infrastructure Investment Management (Rakiza) is a specialist infrastructure investment manager. The firm co-manages Rakiza Fund I, a regional infrastructure fund investing in essential infrastructure assets across Oman and the Kingdom of Saudi Arabia with over $2B in assets under management. Rakiza combines deep regional market knowledge, institutional investment expertise and active asset management capabilities to identify, develop and manage investments across sectors including utilities, transport, telecommunications, energy and social infrastructure.

For more information, visit www.rakizafund.com

About Equitix
Equitix is a leading international mid-market infrastructure investment manager, managing approximately US$20B on behalf of global institutional investors. Since 2007, the firm has built a market-leading platform focused on essential infrastructure assets across energy, environmental services, transport, utilities, digital and social infrastructure. With teams across the UK, Europe, North America, the Middle East and Asia, Equitix combines specialist sector expertise, disciplined investment and active asset management to deliver long-term, sustainable value for investors, communities and public sector partners.

For more information, visit www.equitix.com