Majan Electricity Company SAOC is a closely held Omani Joint stock company registered under the Commercial companies Law of Oman. The establishment and operations of the Company are governed by the provisions of the Law for the Regulation and Privatisation of the Electricity and Related Water Sector (the Sector Law) promulgated by Royal Decree 78/2004 as amended.
The Company is primarily undertaking regulated distribution and supply of electricity in the North Batinah Governorate, Al Dhahirah Governorate and the Buraimi Governorate of the Sultanate of Oman under a licence issued by the Authority for Electricity Regulation, Oman.
The Company commenced its operations on 1 May 2005 (the Transfer Date) following the implementation of a decision of the Ministry of National Economy (the Transfer Scheme) issued pursuant to Royal Decree 78/2004.
The authorized, issued and paid-up share capital consists of 85,000,000 shares of RO 1 each.