Background Information
Ominvest (Oman International Development and Investment Company SAOG) is among Oman’s longest established investment companies and one of the first to be listed both in Oman and the region. It has built its success on the solid foundations of consistent performance from its portfolio of investments within and outside the Sultanate of Oman over the 26 years of its existence.
The Company is quoted on the Muscat Securities Market (www.msm.gov.om) and up to 70% of the Company’s shares are open to foreign ownership. Ominvest has around 1,300 shareholders comprising both institutional and individual investors mainly from Oman and the GCC region.
Objectives and Business Strategy
Ominvest’s stated objectives are to provide its shareholders with a consistent annual return on their capital, together with an opportunity to participate in long-term gains from its investments within and outside the Sultanate of Oman. The aim is to enhance shareholder value by generating above market returns on share capital with sustainable long term growth.
To achieve these objectives, the company’s current strategy consists of the following three major categories of business:
- Direct investment in companies, projects and private equity
- Real estate investments
- Capital market investments
Ominvest is constantly exploring opportunities to increase and diversify its investment portfolio within and outside the Sultanate with the dual goals of growth in earnings and mitigating earnings volatility.
The Company also aims to participate in ventures that contribute to the economic development of the Sultanate and to function as a fully integrated investment and financial services group.
As a business Ominvest follows world class standards of corporate governance and is recognised as among the top 10 publicly listed companies for this in the GCC. The Company is consistently ranked among the top 20 businesses operating within the Sultanate of Oman according to the Sultanate’s leading business publication Oman Economic Review.
The Company’s management team comprisesf talented financial services professionals who are able to use their experience to offer the best investment opportunities within Oman, the GCC and globally. It is led by Chief Executive Officer Shariq Azhar who joined Ominvest in 2008. He brings over 26 years of global experience in the financial services industry.
