Kunooz Oman Holding

What Kunooz Oman Holding does

Kunooz Oman Holding SAOC is a privately held Omani industrial conglomerate headquartered in Muscat, founded in 2014 and operating across five business verticals: mining, quarrying, construction, ready-mix, logistics, and transportation. With 501–1,000 employees, the company's strategic core is its subsidiary Kunooz Gypsum Company LLC, which focuses on exploiting Oman's substantial gypsum mineral reserves for the construction sector.

The company's core products are gypsum-based building materials — principally raw gypsum from mining operations and, through its joint venture with Belgium-based Etex NV, gypsum plasterboard panels for interior construction and wall systems. The underlying technology is conventional industrial mineral processing combined, post-JV, with European lightweight-construction manufacturing expertise contributed by Etex. Products are sold via direct B2B channels and through Etex's international distribution network spanning the Middle East, Asia-Pacific, and Africa. Minerals Development Oman, a sovereign mineral-wealth vehicle, holds a 20% stake in the parent.

The business model is B2B industrial hardware sales — primarily raw gypsum and, going forward, manufactured plasterboard — sold quote-based to construction-sector customers including building developers, contractors, and manufacturers. Pricing is not publicly disclosed. The €22 million (~USD 24 million) joint-venture investment announced in January 2026 (expected to close Q2 2026) establishes a plasterboard manufacturing plant in Oman under a structure where Etex holds 51% of the new manufacturing entity and Kunooz retains 49%, while Etex has separately acquired a 25% stake in the Kunooz Gypsum subsidiary. This move marks a vertical expansion from upstream mining into downstream value-added manufacturing. The company is led by Chairman Sheikh Salim Abdullah Al Rawas.

Name

Kunooz Oman Holding

Legal name

Kunooz Oman Holding SAOC

Website

https://kunoozoman.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Kunooz Oman Holding is a privately held Omani industrial conglomerate operating across mining, quarrying, construction, ready-mix, logistics, and transportation, with a strategic focus on gypsum mining and downstream plasterboard manufacturing through a joint venture with Belgium's Etex NV.

Ownership category

akta.pro rank

Headquarters

HQ city

Muscat

HQ country

Oman

HQ region

Middle East

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D

Revenue model

1. Gypsum Products Manufacturing: Manufacturing and sale of gypsum-based construction products including plasterboard through the joint venture with Etex NV. The JV will establish a gypsum plasterboard manufacturing plant in Oman with initial investment of €22 million.
2. Mineral Resource Development: Leveraging Oman's abundant gypsum mineral resources to develop value-added products for construction industry, targeting Middle East, Asia-Pacific, and Africa markets.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels2 records

Core offering

Kunooz Oman Holding is a diversified Omani holding company operating across mining, quarrying, construction, ready-mix, logistics, and transportation services. Its primary activity is gypsum mining and downstream manufacturing, including the production of gypsum-based construction materials such as plasterboard through its subsidiary Kunooz Gypsum.

Product overview

Kunooz Oman Holding is a diversified Omani holding company with a primary focus on gypsum mining and downstream industrial activities through its subsidiary Kunooz Gypsum. The company produces gypsum-based construction materials including plasterboard panels and lightweight construction solutions. Through a joint venture with Belgian partner Etex NV, the company is expanding its manufacturing capabilities to serve growing demand across Middle East, Asia-Pacific, and Africa markets, leveraging Oman's abundant gypsum mineral resources to produce value-added construction products.

Differentiator

Problem solved

Functional benefit

Products and services

• Gypsum Plasterboard
• Lightweight Construction Solutions
• Mining and Quarrying Services
• Ready-Mix Concrete
• Logistics and Transportation Services

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Etex NVcoreStrategic or Co-development Partner · 1 January 2026Belgian construction materials company Etex has acquired a 25% stake in Kunooz Gypsum (subsidiary of Kunooz Oman Holding) forming a joint venture. Etex holds 51% in the new manufacturing facility while Kunooz retains 49%. The partnership leverages Oman's gypsum resources and Etex's expertise in lightweight construction to develop gypsum-based industrial activities. The JV will establish a gypsum plasterboard manufacturing plant with initial investment of €22 million. Deal expected to close Q2 2026.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Knauf: Global leader in gypsum-based building materials including plasterboard, with operations across Middle East, Asia-Pacific, and Africa. Knauf is the most direct global comparable to Kunooz's gypsum plasterboard manufacturing ambitions through the Etex JV.
• National Gypsum Company: One of the largest gypsum board manufacturers in North America, producing drywall, joint treatments, and specialty plasters. Directly comparable product category and B2B construction customer base to Kunooz Gypsum.
• Etex NV: Belgian building materials group specializing in plasterboard, fiber cement, and passive fire protection systems. Etex is both Kunooz's JV partner and a direct operational peer, with similar product focus and overlapping target markets.

Broad incumbents

• LafargeHolcim (Holcim Group): Global leader in building materials including aggregates, ready-mix concrete, and cement with significant Middle East and African operations. Comparable as a broad construction materials peer serving similar B2B construction sector customers in overlapping regions.
• Saint-Gobain: French multinational building materials group with a significant gypsum/plasterboard division (CertainTeed) and broad construction materials portfolio. Competes in the same regional markets and serves similar construction sector customers as Kunooz's target segments.
• Boral Limited: Australian building materials and construction products company with gypsum and plasterboard operations across Asia-Pacific. Comparable regional presence and product mix for construction sector customers in Kunooz's target Asia-Pacific markets.
• Georgia-Pacific Gypsum: US-based manufacturer of gypsum wallboard, DensGlass sheathing, and related building products owned by Koch Industries. Comparable manufacturing scale and product portfolio in gypsum building materials.
• USG Corporation: Major North American gypsum manufacturer producing wallboard, ceilings, and related building products. Comparable product mix and downstream focus to Kunooz's planned plasterboard manufacturing operations.

Regional players

• Oman Mining Company LLC: Oman-based mining company and a subsidiary of Minerals Development Oman (also a Kunooz shareholder). Comparable as an Omani mining operator targeting industrial minerals development aligned with Oman Vision 2040.
• Gulf Mining Group: Oman-based diversified mining and quarrying company operating across industrial minerals including limestone, chromite, and gypsum. Directly comparable as an Omani mining peer operating in similar mineral resources and regional markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/KunoozOman
• Facebookfacebook.com/KunoozOmanHolding

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kunooz Oman Holding