Group CEO’s Message
OMINVEST’s vision is to be the premier investment holding company in Oman and the Region. To accomplish this, OMINVEST currently operates around its Six Strategic Platforms, which are within our circle of competence. These include Banking, Insurance, Leasing, Real Estate, Investment Banking, and Financial Investments (public & private equity investments in other growth sectors). We will continue to grow and create value within these verticals. A stable source of income from these platforms will help create shareholder value through a healthy and sustainable annual return on capital.
OMNIVEST successfully accomplished a number of important milestones during 2017 and 1Q 2018. These included the following: Our portfolio companies (National Life and Al Ahlia Insurance) in the insurance sector successfully completed their IPOs; our associates (National Finance and Oman ORIX) in the Leasing Sector successfully completed their Merger; Capital Intelligence awarded an investment grade rating (BBB) to OMINVEST, and, our Shareholders approved issuance of a Perpetual Bond up to RO 75 million to help finance our future plans for diversification and growth. In addition, OMINVEST strengthened its management pool to be able to successfully execute our business strategy. Our long term goal is to drive sustainable and durable value for all stakeholders.
AbdulAziz Mohammed Al Balushi
Group Chief Executive Officer