"Oman has modest oil reserves, ranking 25th globally. Nevertheless, in 2010 the UNDP ranked Oman as the most improved nation in the world in terms of development during the preceding 40 years.
A significant portion of its economy involves tourism and trade of fish, dates, and certain agricultural produce. This sets it apart from its neighbors' largely oil-dependent economies. Oman is categorized as a high-income economy and ranks as the 70th most peaceful country in the world according to the Global Peace Index." [source: Wikipedia]
On the basis of the above, I feel reasonably comfortable having the Oman sovereign wealth fund as a strategic investor in Berkeley and having it represented on the board via a non-executive director.
BKY Price at posting:
88.5¢ Sentiment: Hold Disclosure: Held
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