Ominvest Group Celebrates Arab Environment Day with Beach Cleaning Initiative

Muscat, October 2023 – Ominvest, Oman's distinguished investment holding company, in collaboration with the Environment Society of Oman (ESO), recently organized a beach cleaning campaign in celebration of Arab Environment Day, an occasion that occurs annually on October 14th.

The beach cleaning endeavor, conducted at Al Hail Beach, opposite Al Sayyida Fatima bint Ali Al Said Mosque, aligns with the group's purpose of “Transforming Businesses to Enrich Societies”. The initiative’s primary objective is to contribute to the preservation of Oman's pristine coastal environments.

The event saw the participation of volunteers from Ominvest group companies, including U-Capital, Jabreen Capital, Oris, Alizz Islamic Bank, Liva, National Finance, National Security Services Group (NSSG), Thawani, and Takaful Oman Insurance, reflecting the Group's commitment to fostering environmental stewardship. This year's campaign also witnessed the participation of over 20 students from Seeb International School. The volunteers managed to clean up approximately 638 kgs of litter from the coastline.

Sanjay Kawatra, the Deputy Group Chief Executive Officer of Ominvest, expressed his thoughts on the initiative. "We are delighted to see more than 100 of our employees, the younger generation, and the broader community come together to protect Oman's pristine coastal environments. This beach cleaning initiative is a testament to Ominvest's unwavering commitment to ESG and more specifically, environmental stewardship and social responsibility."

Eradicating debris detrimental to marine life, such as discarded fishing gear, and plastic aligns with Ominvest’s focus on environmental stewardship. Eliminating waste that poses a threat to the coastal waters also makes beaches safer for activities like swimming and fishing, thus promoting tourism and local economic growth.

Ominvest has consistently championed environmental and social support as integral components of its ESG community support initiatives. The company is unwavering in its dedication to environmental preservation and the cultivation of a sustainable future for the planet. The beach cleaning initiative on Arab Environment Day exemplifies the Group's collaborative efforts as a consortium of companies to effect meaningful change.

Oman International Development and Investment Company SAOG (Ominvest) stands as a stalwart in the realm of investment firms, boasting a rich legacy that dates back to its establishment in 1983. Ominvest has consistently delivered impressive profitability and maintained an impeccable record of uninterrupted dividend distributions to its shareholders.

Ominvest's robust portfolio encompasses enduring assets across diversified sectors, generating robust cash flows. The company is publicly listed on the Muscat Stock Exchange and caters to a shareholder base exceeding two thousand individuals and entities. Guided by a visionary board and a proficient management team, Ominvest remains resolutely dedicated to enhancing value for all its stakeholders.

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