Blog
Notes from Nitin Arvind in Muscat, Oman — working capital, private equity partnerships, and what actually stalls GCC deals. For investors and SME owners.
Notes
September 2026
The new Orient Express stops in Oman
Chinese capital treating Oman as a next industrial stop. Diligence still starts with cash, partners, and the first ninety days.
Read the note →September 2026
What PE actually looks like for an Oman operator
Control versus capital, and the sentence before valuation.
Read the note →August 2026
Margin recovery that sticks: the unglamorous levers
Margin recovery that sticks: the unglamorous levers operators actually control.
Read the note →July 2026
Diligence questions investors skip (and operators shouldn’t)
Diligence questions investors skip — and operators in Muscat, Oman should not.
Read the note →June 2026
Entering Oman is not a term sheet
From Muscat, Oman: why entering Oman stalls on local partners and cash cycles.
Read the note →May 2026
Turnaround before fundraising: clean the shop floor first
Clean cash conversion and decision rights before fundraising — capital discounts a promised cleanup.
Read the note →April 2026
Local partners in Oman: unlock entry or stall it
The right local partner shortens licences and trust in Oman; the wrong one freezes cash and decisions.
Read the note →April 2026
PE diligence when regional conflict rewrites risk
When corridors get stressed, re-underwrite WC, logistics, and force majeure — not a geopolitics memo.
Read the note →March 2026
Working capital is where a stuck GCC SME actually bleeds
From Muscat, Oman: why stuck Oman and GCC SMEs bleed in receivables and the shop floor.
Read the note →February 2026
Trade finance won’t fix a broken cash cycle
Invoice and trade finance can bridge timing — they do not replace collections or inventory control.
Read the note →January 2026
Board packs that actually help an operator decide
A useful GCC SME or PE board pack shows cash, aging, and open decisions — not theatre.
Read the note →December 2025
Freight, inventory, and delayed receivables when corridors snarl
From Muscat, Oman: freight variance, safety stock, and stretched receivables when corridors snarl.
Read the note →December 2025
Year-end working capital traps in GCC trading businesses
December stock builds, slower collections, bonuses, and customs timing can empty a healthy-looking trader.
Read the note →November 2025
Regional conflict and the cash cycle: what GCC operators feel first
When corridors get stressed, working capital moves before the strategy slide does.
Read the note →October 2025
Cash conversion beats a prettier P&L
Sales and EBITDA can look fine while receivables, stock, and payables quietly starve the firm.
Read the note →September 2025
When an Oman family business is ready for outside capital
Readiness is governance, books, and succession intent — not a target multiple on a slide.
Read the note →