Subsidaries & Associates

Subsidaries

 

Oman Arab Bank SAOC (OAB)


Ominvest's largest investment in banking sector has contributed significantly to the Group’s success since inception. It was established in October 1984 with Ominvest (51%) and Arab Bank PLC of Jordan (49%) as principal shareholders. Oman Arab Bank began its operations in the Sultanate of Oman after acquiring the branches of Arab Bank PLC.
The bank provides a range of products and services in retail banking, corporate and project finance, investment banking, and trade finance.
OAB has consistently earned one of the highest returns on equity since inception with an average of over 20% per annum, one of the highest in the banking industry


www.oman-arabbank.com


National Life & General Insurance Company SAOC (NLG)

Ominvest's largest investment in Health sector (98%) in National Life & General (NLG), NLG is a market leader in Life & Medical Insurance Business with a Good (B++) financial strength rating from A.M Best Co., and an international quality rating of ISO 9001:2000 from British Standards Institute (BSI), National Life & General has been providing financial security and peace of mind to its satisfied customers with a comprehensive range of Life & General Insurance Products.
Care provided over 135 medical service providers across the Sultanate. Inpatient treatments extended to India, Pakistan, Sri Lanka & Bangladesh and Emergency Treatment worldwide.
NLG is a fast growing insurance with core strengths as follows :-

  • First and Largest Omani Life Insurance Company in the Sultanate of Oman, now setting standards in General Insurance.
  • Comprehensive range of innovative Life Insurance products
  • Undisputed market leader in the Sultanate in the Health Insurance Industry with a market share of over 65% in Oman
  • Reliable, Secure and Prompt settlement of Insurance Claims
  • Strong support from World's leading, largest and highly rated Reinsurers


www.nlicgulf.com


Budva Beach Project

The attractive Beach front development is located on the Adriatic coastal town of Budva, Montenegro, one of the Adriatic Sea’s oldest cities. It enjoys a unique boulevard that provides access to the beautiful sandy beaches of Budva. The proposed project is a mixed use development which integrates retail, commercial and tourism development that will define the new spirit of Budva.


Oman National Investment Corporation SAOC (ONIC)

Oman National Investment Corporation SAOC (ONIC) was established in October 2015 at Muscat with an authorized capital of RO 50 million and a paid up capital of RO 20 million. The wholly owned shareholding structure of ONIC SAOC comprises of: OMINVEST 98%, Oman Real Estate Investment and Services (ORIS) 1% and Salalah Resorts SAOC 1%.
ONIC Business Structure is in line with the new Business Model & Strategy which focuses on building its investment portfolio across strategic and non-strategic financial investments,
OMINVEST's non-strategic financial investments (public and private) will be transferred to its new subsidiary ONIC SAOC. This will lead to realizing efficiencies in the investment decision making process. Such transfers will have no bearing on OMINVEST’S Consolidated (Group Level) Financials, including the Earning per Share and Book Value per Share – as these transfers are essentially Inter-Group Transactions.



Oman Real Estate Investment and Services (ORIS)

As integral component of Ominvest Revenue Diversification Strategy, Investing in Real Estate sector is one of the main objectives of Ominvest Growth vision. Oman Real Estate Investment and Services – ORIS – is a unique Real Estate company seeking to be positioned as the “Affordable Luxury” Lifestyle Provider that creates exceptional value to its shareholders and the Omani economy at large.



Salalah Resorts SAOC

Emerging from centuries of rich Salalah heritage and inspired by Oman’s authentic way of life, Salalah Resort is Master planned to be the country’s premier international tourist destination. Through the enhancement of the site environmental assets, this unique resort will nestle into the dramatic costal setting to provide exquisite hotel accommodation and range of fine homes, along with resort activities that capture the spirit and experience of Dhofar region.


Associates

 

National Finance Company SAOG (NFC)

National Finance Company SAOG is a leading finance company in the Sultanate of Oman. Established in 1987, and headquartered at Muscat, NFC has branches across the Sultanate of Oman and offers offer a wide range of leasing, credit and other products to corporate and retail customers with a focus on Small and Medium Enterprises.
Over the years, NFC has built a loyal customer base, well nurtured dealer relationships, and is trusted for its standard of governance and corporate responsibility through well laid down systems and procedures.
NFC is committed to all its stakeholders by upholding core values in its approach to managing people, exceeding the expectations of its customers and making a difference in the communities that it operates. NFC has an experienced and committed management team guided by an active Board of Directors.
www.nationalfinance.co.om


Oman Orix Leasing Company SAOG (OOLC)

Oman ORIX Leasing Company SAOG (OOLC) was incorporated in 1994 as a joint venture between ONIC Holding & ORIX Corporation. The company is listed on the Muscat Securities Market and commercial operations commenced in October 1994.
The Company's head office is situated in Muscat and there are branch offices in many Omani cities.
OOLC's objectives are to provide medium term asset financing to productive sectors of the economy with an emphasis on serving small and medium-size business enterprises as well as hire purchase facilities to the consumer sector. The Company operates under the supervision and license of the Central Bank of Oman to undertake lease and hire purchase business.

www.omanorix.com


National Finance House, Bahrain (NFH)

National Finance House (NFH) specializes in providing consumer and corporate financing for the purchase of private, commercial and heavy vehicles, and construction equipments. Licensed by the Central Bank of Bahrain, and commenced operations in September 2006 with an authorized capital of BD 50 million and a paid-up capital of BD 5 million. In October 2006, the Company successfully raised its paid-up capital to BD 7.5 million and broadened its shareholding base.
Since inception, NFH has built a dominant market share in the competitive vehicle financing segment of the Kingdom of Bahrain, and has established a reputation for the highest levels of customer service and agility in processing loan applications.
The Company continued its progress in improving overall operational efficiency witnessing a strong growth.


www.nfh.com.bh


Al Ahlia Insurance Co. SAOC (Al Ahlia)

Al Ahlia Insurance Co. SAOC is the oldest amongst the National Insurance Companies in the Non-Life Insurance sector in Oman. Al Ahlia Insurance Co. SAOC established in 1985 as a Public Joint Stock company, Al Ahlia Insurance Co. SAOC was restructured in 1998 as a closely held subsidiary of its holding company following substantial growth in invested funds. In 2010 the company was acquired by Royal Sun Alliance (RSA).
The Head Office is in Muscat with a network of many Branches, Sole Agents and numerous Brokers across the Sultanate. Al Ahlia has grown significantly since inception with core strengths as follows :-

  • A dedicated team of qualified and experienced professionals who strive to provide innovative solutions appropriate to the client’s requirements.
  • Support of top league reinsurers with strong financial ratings which is also a reflection of Al Ahlia Insurance Co. SAOC’s excellent image in the international markets.
  • Support of Brokers and Sole Agents consolidated over years of intimate interaction.
  • Information System believed to be amongst the best in the industry.

www.alahliaoman.com


International General Insurance Holdings Limited (IGIH)

International General Insurance Holdings Limited (IGIH) is registered in the Dubai International Financial Centre (DIFC) with operations in Bermuda, the United Kingdom, Jordan, Malaysia and Morocco. The IGI Group commenced operations in March 2002 and has evolved as a major participant within its specialised lines of business. The Group underwrites a worldwide portfolio of energy, property, marine, construction and engineering, financial institutions, general aviation, casualty, ports & terminals, political violence, forestry and non-proportional reinsurance treaty business with the main geographical focus on the Afro – Asian markets.
IGI Bermuda is a class 3B (re)insurer regulated by the Bermuda Monetary Authority (BMA) and is the principal underwriting entity for the Group with the Jordan office (IGI Underwriting Company Limited Amman) providing all management, underwriting and operational functions. IGI Bermuda is rated A- with a stable outlook by Standard & Poor’s and A- (Excellent) with a stable outlook by A.M Best Company.
IGIH has two subsidiary companies in the UK, International General Insurance Co. (UK) Ltd. and North Star Underwriting Limited (a specialist marine underwriting agency) both based in London and regulated by the United Kingdom Financial Conduct Authority (FCA).

www.iginsure.com


National Biscuit Industries Ltd. SAOG (NABIL)

National Biscuit Industries Ltd. SAOG (NABIL) was established in 1982 as a joint stock company for the manufacture of biscuits, wafers and snack food products in the Sultanate of Oman. NABIL is an ISO 22000 : 2005 certified company and has the state of the art manufacturing facilities for Biscuits, Wafers and Snacks (Extruded & Pellets).
The company's flagship brand "NABIL" is related as one of the Best Brands in Oman. The other brands which NABIL manufactures & markets are “ORYX” and “TRENTS”. The company’s products are regularly exported to more than 45 countries across the Globe with a strong presence in all the GCC countries. Other Export destinations include MENA, Africa, Australia, New Zealand & Singapore. In the last two years National Biscuit Industries Ltd SAOG has launched a wide range of Cookies, Cream Wafers, Butter Cookies and Natural Potato Chips. National Biscuit Industries Ltd SAOG is an ISO 22000: 2005 certified company which has HACCP system implemented. The company has won several awards for producing quality products and for their export performance.
Plant and equipment is imported from reputed manufacturers to ensure outstanding quality of the end product. The ingredient mix is managed by a computer generated system which is the first of its kind in the GCC region. National Biscuit Industries Ltd SAOG are committed to provide our customers with high quality products, offer a wide choice of flavors and excellent service.



www.nabilbiscuits.com


National Detergent Company SAOG (NDC)

National Detergent Company SAOG, (NDC) one of the leading FMCG companies in the Sultanate of Oman, was established in 1981 by a group of Omani investors. The Company manufactures and distributes manufactures and distributes a wide range of highly reputed and successful brands covering various segments like detergents powders, liquid detergents, soaps, shampoos, allied laundry aids and other household cleaning products.
NDC is the first ISO certified soap and detergent company in the region. The company’s flagship brand BAHAR was voted as the “Best Brand” in the country, for the period 2010-2011, amongst 130 regional and multinational brands across categories, in the Brand Survey conducted by the Oman Daily Observer.
NDC is committed to the pursuit of excellence and adherence to the highest quality standards in all its core activities. The company has also won numerous laurels for leadership in developing Omani products that are at par with some of the best international brands.
www.ndcoman.com


Oman Chlorine SAOG

Oman Chlorine S.A.O.G. was incorporated in 1998 as a Public Shareholding Company and is listed on the Muscat Securities Market. The company owns and operates a Chlorakali plant located at the Sohar Industrial Estate in the Sultanate of Oman. Its state of the art Chloralkali plant is the largest privately owned chemical plant in Oman and is built on 22,000 sq. mtr plot at the Sohar Industrial Estate, strategically located within close proximity to Dubai, Muscat and the new Sohar Port. The Plant uses the world’s most advanced state of the art Membrane Cell technology supplied to us by OxyTech, U.S.A. The Membrane Cell Technology that we utilize not only guarantees high quality products but it is also environmentally friendly as there are no harmful byproducts or effluents.
The Plant is fully computerized, all activities and operating parameters are monitored and controlled from a central control station which is manned 24 hours, The plant also have a fully equipped laboratory where samples from the various production lines are continuously analyzed in order to ensure that all products are of the highest quality.
The Plant utilizes the most advanced membrane cell technology thus ensuring:

  • The highest quality products.
  • Efficient power utilization.
  • Reliability of production.
  • The strictest of environmental and safety standards.


www.omanchlorine.com