Nama Holding, formerly known as Electricity Holding Company, registered in the Sultanate of Oman on 19 October 2002, is a joint stock company. Nama Holding started its commercial operations on 16 September 2003. Nama Holding holds share in ten companies involved in the procurement, generation, transmission, supply and distribution of electricity and water related services. It holds 99.99% of the shares of the Government in eight subsidiary companies in the electricity sector and 98.10% of the shares of Dhofar Power Company. It also runs a training and competency development company called Nama Institute for Competency Development (NICD). The operations of all 10 subsidiaries are spread across Oman, covering the needs of the entire country.