OMINVEST

Oman International Development and
Investment Company saog,

a public joint stock company, is one of Oman's largest companies with a well diversified portfolio of investments in banking, financial services, commercial and industrial sectors of the economy. The primary objective of the Company is to participate in ventures which contribute to the economic development of the Sultanate and to function as a fully integrated investment and financial services group.
Ominvest also has positions in a diversified overseas portfolio of marketable securities and private equity investments. In brief, the main areas of expertise available within the group are:

Investment analysis, including project initiation and evaluation for the Company's equity investments;
Project development, co-ordination and implementations;
Project operating, technical and financial advise to companies and industries in which Ominvest holds equity;
Management of public issues and share flotation activities, corporate finance activities.

Financial Overview

Sr. Management

Contact Information

The Company considers investments in projects where the commercial viability is reasonably assured and where such projects would contribute to the economic development of the Sultanate and support the Governments objectives of:

creating employment opportunities for Omani citizens;
substituting imports with local products;
promoting export oriented industries.

Ominvest is a major shareholder in the industrial fields of steel, aluminium, plastics, detergents, chemicals and food products. Currently the Company is actively exploring opportunities in other industrial and tourism ventures within Oman.

Ominvest has performed consistently since inception in 1983 and has a track record of uninterrupted profits and dividend payments from the very first year of operations.

The Company has three main Board Committees – the Executive Committee, the Audit Committee and the Project Committee. In general, the Executive Committee, consisting of four members of the Board of Directors, is delegated full powers and authority to facilitate the smooth running of the operations of the Company with the exception of certain matters reserved to the Board for approval.

The Audit Committee consists of three members of the Board of Directors. The Audit Committee’s primary function is to assist the Board in fulfilling its oversight responsibilities with respect to (i) the financial information to be provided to shareholders and Capital Market Authority; (ii) the system of internal controls that management has established; and (iii) the internal and independent audit process.
The Project Committee's role is to advise, monitor progress and assist the management on project related assignments. The Project comprises of maximum four members of the Board of Directors.

Ominvest is quoted on the Muscat Securities Market (www.msm.gov.om). Up to 70% of the Company’s shares are open to foreign ownership. The Company has a wide shareholder base of around 1,000 including local banks, pension trusts, insurance companies, investment brokerage houses, various joint stock companies, major trading houses and prominent Omani citizens.