corporate profile

CORPORATE PROFILE
Mission
Ominvest aims to provide its shareholders with a consistent
annual return on their capital, and the opportunity to participate
in long‐term gains from sound local and international investments.
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December 2012
About Us

Established in Muscat, Oman in 1983

Listed on the Muscat Securities Market in 1988 (the year of MSM’s inception)

70% of the Company’s shares are open to foreign ownership. At 31 December 2012 the
company had over 1,370 shareholders comprising both institutional and individual
investors, mainly from Oman and the GCC region

Portfolio of investments cover banking, financial services, manufacturing, industrial and
real estate sector

Regulated by the Capital Markets Authority (CMA) in Oman

Highlights based on 2012 Audited Group consolidated financial statements:

Income
: OMR 60m
(USD 156m)

Net Profit
: OMR 23m
(USD 59m)

Total Assets
: OMR 1,407m
(USD 3,658m)
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December 2012
About Us
OMINVEST Management and Staff
4
December 2012
About Us
OMINVEST Management and Staff
5
December 2012
Track Record

28 years of uninterrupted profits and dividend distribution

Total cash dividend paid since inception OMR 60.43m (USD 157m) 
Net Income (compounded annual growth) from 2002 to 2012: 8.56% 
Market Capitalization as of 31 December 2012: OMR 107m (USD 279m) (OMR'000)
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Earnings, Assets and Shareholders' Funds
Consolidated Profit (parent company)
4,539
7,007
7,637
10,704
8,591
17,351
8,341
11,408
11,959
8,620
10,326
Market Capitalization
33,000
54,300
40,650
89,250
75,300
117,150
88,200
99,000
103,040
105,754
107,424
Total Shareholders' Funds
36,886
40,893
44,030
48,734
51,522
67,580
72,535
82,844
92,625
98,266
110,757
Paid‐up Capital 15,000
15,000
15,000
15,000
15,000
15,000
18,000
20,000
23,000
25,300
27,830
Reserves 11,677
12,808
14,139
17,082
19,843
26,432
32,740
38,272
42,195
45,405
60,486
7,209
8,585
8,891
10,652
16,679
26,148
21,795
24,573
27,430
27,561
22,441
Return on Paid‐up Capital 30.3
46.7
50.9
71.4
57.3
115.7
46.3
57
52
34.1
37.1
Dividend/Paid‐up Capital 20
30
40
40
15
50
21
25
20
20
22
Dividend Payout Ratio 66
64
79
56
26
43
46
44
38
53
59
Retained Profits Financial Ratios
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December 2012
Sceneries of Oman
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December 2012
Stock Price
The performance of the Company’s share price versus the benchmark MSM‐30 index is shown below as of 31 December 2012. Year‐end closing prices for Ominvest and MSM‐30 from 1996 to 2012. Market Capitalization as of 31 December 2012: OMR 107m (USD 279m)
MSM‐30
OMVS (in OMR)
10,000
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
0.600
0.500
0.400
0.300
0.200
0.100
0.000
MSM30
OMVS
Source: Bloomberg, MSM and Annual Report
December 2012
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About Oman
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December 2012
Key Financial Indicators
Total Assets ‐ OMR '000
1,480,000
Shareholder Equity ‐ OMR '000
220,000
200,000
1,280,000
180,000
1,080,000
160,000
140,000
880,000
120,000
680,000
100,000
80,000
480,000
60,000
280,000
40,000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Revenues ‐ OMR '000
65,000
60,000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
30,000
Net Income ‐ OMR '000
25,000
55,000
20,000
50,000
45,000
15,000
40,000
10,000
35,000
30,000
5,000
25,000
‐
20,000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
December 2012
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
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Group Activities
‐ Direct Investments, co‐
investments and Private Investment in Public Equity
‐ Corporate Finance
‐ Private Equity Funds
‐ Global Listed Equities
‐ Managed investments through select vehicles in key growth markets
Private Equity & Corporate Finance
Capital Markets ‐ Exchange Traded Funds, Open/Close‐Ended funds
Ominvest
‐ Niche market opportunities
‐ High quality developments
Real Estate Investments
Industrial Investments
‐ Industrial investments across various sectors
‐ Joint Ventures
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December 2012
About Oman
December 2012
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Asset Distribution
The following charts show Ominvest’s asset distribution by business segment and by geographical location, as of 31 December 2012.
Business Segment
Real Estate 7%
Geographical Location
GCC (excl. Oman)
3%
Capital Markets
9%
Other
15%
Private Equity
14%
Strategic & Industrial
70%
Oman
82%
Source: Ominvest Annual Report 2012
December 2012
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Key Investments
Oman Arab Bank SAOC, Oman. Ominvest’s single largest investment is its banking subsidiary
which has contributed significantly to the Group’s success since inception. It was established in
October 1984 with Ominvest and Arab Bank PLC of Jordan as principal shareholders. Oman Arab
Bank began its operations in the Sultanate of Oman after acquiring the branches of Arab Bank PLC.
Key services: Corporate & Commercial Banking, Investment Banking, Retail & Consumer Banking,
Project Finance and Trade Finance.
Contact : Tel 968 2475 4444 Website : www.oman‐arabbank.com
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December 2012
Qurm Beach, Muscat, Oman

26 years of uninterrupted profits and dividend distribution

Total cash dividend paid since inception RO 55.6m (USD 143.8m)

Net Income (compounded annual growth) from 2000 to 2010: 9.24%
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December 2012
Key Investments
National Finance Company SAOG, Oman, is a leading finance company in the Sultanate of Oman.
Established in 1987, and headquartered at Muscat, National Finance has six branches across the
Sultanate of Oman. National Finance offers a wide range of leasing, credit and other products to
corporate and retail customers with a focus on Small and Medium Enterprises.
Contact : Tel No. 968 24470000 : Website www.nationalfinance.co.om
Modern Steel Mills LLC, Oman, was set up in the year 2001 to manufacture steel billets, with a
capacity of 180,000 MT per annum. The steel billets are sold to rolling mills making long products
(construction rods, bar‐section, and channels) in Oman, the UAE, and Saudi Arabia, typically serving
the construction industry in the region.
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December 2012
Key Investments
National Detergent Company SAOG, Oman, was established in 1981 by a group of Omani
investors. The Company manufactures and distributes leading detergent powders, liquid
detergents, toilet soaps, shampoos and industrial cleaners. It is the first soap and detergent
company in the GCC to receive the prestigious ISO 9001 certification. It was voted ‘Greatest
Brand’ by Observer Brand Survey in 2010‐11, and voted ‘SuperBrand’ Oman 2009 & 2012.
Contact : Tel No. 968 24493824 : Website www.ndcoman.com
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December 2012
Sceneries Oman
December 2012
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Key Investments
Performance of CMD Portfolio Vs. Benchmarks over Last 10 Years
700%
600%
% Return
500%
CMD Portfolio
400%
MSM ‐ 30 Index
300%
S&P 500 Index
200%
MSCI ASIA PAC Index
100%
0%
‐100%
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Capital Markets Department. (CMD) has mostly outperformed relevant benchmarks since its formation. Over the past ten years,
CMD has given a compounded annual return of 18% with low volatility which is superior to the returns of major benchmarks
such as MSM 30 Index, S&P 500 Index and the MSCI Asia Pac Index. An initial investment of USD 100 K invested in CMD portfolio
in 2002 translates to USD 628 K by end of 2012.
Contact : Tel No. 968 24769500 I website www.ominvest.net
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December 2012
Key Investments
National Biscuit Industries Ltd. SAOG, Oman 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 with flagship brand “NABIL” rated as the best in Oman and was awarded
“SuperBrand” Certificate in the year 2009. The company’s products are exported to more than 20
countries across the globe, with a strong presence in GCC countries.
Contact : Tel No. 968‐24‐446034 website : www.iffco.com
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December 2012
Key Investments
Salalah Resorts SAOC, Oman. A key strategic initiative by Ominvest, the project, located in the Dhofar region
of Oman, is a high quality, differentiated Integrated Tourism Complex (ITC) resort to be developed on a 4 km²
oceanfront site overlooking the Indian Ocean. This mixed‐use development project features a range of
components including up to three 5‐star and 4‐star hotels, high‐end residential, village centre complete with
souk and community activity facilities. It is designed to address market requirements and as a top‐tier
destination for tourism in the Sultanate of Oman. Contact : Tel 968 24769500 : Website www.ominvest.net
December 2012
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Sceneries Oman
December 2012
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Organization

26 years of uninterrupted profits and dividend distribution

Total cash dividend paid since inception RO 55.6m (USD 143.8m)

Net Income (compounded annual growth) from 2000 to 2010: 9.24%
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December 2012
Board of Directors Profile
Mr. Khalid Muhammad AI Zubair was elected as the Chairman of Ominvest in May 2012. Mr Khalid
Chairman
Khalid Muhammad AI Zubair (E) AI Zubair is a graduate of University of Arizona, USA with Bachelor Degree in Business Administration. He
is the Director of The Zubair Holding LLC, one of the leading private sector groups in the Sultanate of
Oman with diverse business interests, in addition to his responsibilities as the Managing Director of The
Zubair Corporation, involved in providing strategy, direction, superintendence, control and support to the
business. Mr. Khalid AI Zubair is the President of the European Economic Chamber of Trade Commerce
and Industry for the Sultanate of Oman, Chairman of Oman‐Turkey Businessmen's Council, Chairman of
Small & Medium Enterprises Committee of Oman Chamber of Commerce and Industry, Member of
National Technology Business Incubation Advisory Board, Board Member of INJAZ Oman and Board
Member of The Public Authority for Investment Promotion and Export Development.
Deputy Chairman Taya Jandal bin Ali (E)
Mr. Taya Jandal Ali, a Diploma graduate of the Faculty of Extra Mural Studies, Cambridge University, has
been a Director since 1989 and was the Chairman of the Company from 1996 to 2005. He is currently the
Chairman of National Finance Company, Ominvest's affiliate.
Abdul Kader Askalan Mr. Abdul Kader Askalan, Chief Executive Officer of Oman Arab Bank, Ominvest’s major banking
subsidiary, has been a Director of Ominvest since its inception in 1983. Commencing his career as a
Banker in 1957 with Arab Bank PLC, Jordan, Mr. Askalan occupied various positions in Arab Bank until
1984 when he was appointed General Manager of Oman Arab Bank SAOC.
Jamal Shamis Al Hooti (A)
Mr. Jamal Shamis Al Hooti, a graduate from USA, was elected as a Director in 1996. He is the Chief
Executive Officer of Oman Cement Company SAOG, the leading cement manufacturing company in
Oman, and held the position of Assistant Director General of Industry, Ministry of Commerce & Industry.
Abdullah Said Al Balushi
Mr. Abdullah Said Al Balushi, graduate in Business and Economy from Baghdad University, has been a
Director since 1996. Mr. Abdullah Al Balushi is a businessman and is Ex‐member of the State Council
(Majlis Addawla).
(E) Member of Executive Committee, (A) Member of Audit Committee
December 2012
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Board of Directors Profile
Majid Salim Al Araimi (A)
Mr. Majid Salim Al Araimi, a BSc graduate in Engineering Management from the University of Missouri, USA, was
elected as a Director in 2001. He is Deputy Chairman of Oman Packaging Co. SAOG and previously was Director
of Galfar Engineering & Contracting SAOG, one of the leading engineering and contracting companies in Oman.
Khalil Abdulla Al Khonji (A)
Mr. Khalil Abdullah Al Khonji, a graduate in Industrial Management and Technology from the University of
Northern Colorado, USA, was elected as a Director in 2002. In 2007 he was appointed by His Majesty as the
Chairman of the Board of Oman Chamber of Commerce & Industry. Mr Khalil was the Chairman of Al Khonji
Group, a leading trading house in Oman.
Saif Said Al Yazidi (E)
Mr. Saif Said Al Yazidi, holding a BSc degree in accountancy and an MBA from Leeds Business School, UK, was
elected to the Board of Ominvest in 2005. He is the Investment Manager at the Civil Service Pension Employees
Fund and has 14 years of experience in areas of asset management, equity research, fixed income, alternative
investment such as hedge funds, private equities and real estate.
Imad Kamal Sultan (E)
Mr. Imad Kamal Sultan is a director of W. J. Towell & Co. LLC, a major diversified family‐owned corporation. He
is currently the Chairman of Fairtrade LLC and Al Marsa Fisheries LLC. He also serves as a Director on the Boards
of National Hospitality Institute, Oman India Joint Committee, Nestle Oman Trading LLC, Agility Logistics LLC,
Genetco, and various Towell group companies. Formerly he served as a Director of National Bank of Oman,
among others. Mr. Sultan holds a BSc in Business Administration from the American University in Washington
DC, USA and has been a member of the Young Presidents Organization since 2005.
C.S. Badrinath (E)
Mr. C.S. Badrinath was appointed to the Board in December 2012. Mr Badrinath is a Chartered Accountant
by profession and is an Associate Member of the Institute of Chartered Accountants of India. He is also an
Associate Member of the Institute of Cost & Works Accountants of India. Mr. Badrinath is with the Zubair
Group for the last 31 years as a part of the senior management having handled different finance functions,
and is presently the Chief Executive Officer for the Zubair Corporation Group. As CEO, Mr. Badrinath is overall
in‐charge of the various sectors of The Zubair Corporation Group. Mr. Badrinath is a member of all the
monitoring and executive committees and shareholders’ forums of the Zubair Group companies. Mr.
Badrinath has represented Zubair Group as Director in many of the public limited companies. He is also a
Director of Barr Al Jissah Resort Company SAOC and the Zubair Automotive Group.
.
(E) Member of Executive Committee, (A) Member of Audit Committee
December 2012
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Sceneries of Oman

26 years of uninterrupted profits and dividend distribution

Total cash dividend paid since inception RO 55.6m (USD 143.8m)

Net Income (compounded annual growth) from 2000 to 2010: 9.24%
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December 2012
Management Profile
Chief Executive Officer
Shariq Azhar, Chief Executive Officer, resigned from the Company and his resignation was accepted by the Board on 10th December 2012. A search for a replacement CEO has been initiated, and until a new CEO is appointed, Deputy Chairman Taya Jandal Ali has been assigned to undertake the businesses that were assumed by the CEO.
K P Karnik
Chief Financial Officer
K P Karnik started his professional career with AF Ferguson & Co. in Mumbai
and moved to Oman in 1979 to join a leading international firm of public
accountants. Since joining Ominvest in November 1984, he has been a member
of the executive management team and has represented the company on the
Board of number of listed companies. Karnik graduated from the University of
Mysore, India and qualified as a Chartered Accountant in 1976.
Ahmed Said Zaki
Taimur Hasan Senior Vice President, Private Equity & Corporate Finance
Taimur Hasan has more than 18 years of international experience and an
extensive Investment Banking background with a focus on Mergers &
Acquisitions, Private Equity, and Equity Capital Markets. Prior to joining
Ominvest, he worked for large financial institutions in the GCC, Pakistan and
USA, where he concluded several landmark transactions globally. Taimur
graduated from Coe College in Cedar Rapids, Iowa, USA, where he earned his
Bachelor’s degree in Business Administration with a concentration in Finance.
He is National Association of Securities Dealers (NASD) Series 7 and Series 63
certified.
Chief Compliance Officer
Said Zaki joined Ominvest in August 1995 and has more than 39 years of
experience in banking, finance and investment in Egypt and the Sultanate of
Oman. Said represents Ominvest on the Board of a number of companies,
including the banking subsidiary, Oman Arab Bank and serves as Secretary to the
Ominvest Board. He graduated from the University of Cairo in 1973 and holds a
professional Diploma in Management from the American University in Cairo.
Tariq Al Asfoor
Executive Vice President, Capital Markets
Tariq Al Asfoor joined Ominvest in January 1995, prior to which he was involved
in project appraisal and feasibility studies for a public sector bank. Thereafter he
served as Research Analyst at a sovereign fund in Oman where he was involved
in undertaking economic analysis for investment decisions. Tariq graduated from
the US International University, UK in 1987 and obtained his MBA from
Wolverhampton Business School, UK in 1994 after obtaining post graduate
diploma from Manchenster Business School.
Thamood Shuhail Al Adawy. HND, BSc, Post Graduate Certificate in Construction Management, ICIOB & ICPMA.
Acting Executive Vice President Real Estate Mr. Thamood Al Adawy joined Ominvest Sep‐2011 as Senior Vice President Real
Estate. Mr. Thamood Al Adawy is a graduate of Glammorgan University in UK
with Bachelor Degree in Building and Post Graduate Certificate in Construction
Management. He is a Member of various institutes in UK. Prior to joining
OMINVEST he has experience of over 24 years’ in Civil Engineering, Building
Development in Housing and Retail, Marine, Highways, Project Management,
Construction Management, Environmental, Health and Safety Management and
Design and Supervision, he held various Senior positions including Section
Engineer, Senior Engineer, Construction Manager, Project Manager & Director
of Rvwgulf spanning between Oman and United Kingdom.
27
December 2012
Sceneries Oman
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December 2012
Shareholder Information
The Company’s quarterly and annual financial statements are posted on the Muscat Securities Market
website www.msm.gov.om and on the Company’s website www.ominvest.net.
The shareholding pattern as on 31 December 2012 was:
Number of Shares
% Held
Number of Shareholders
Total Shares
% Share Capital
Above 27,830,000
Above 10%
2
91,839,823
33.08%
13,915,000 to 27,829,999
5% ‐ 10%
‐
‐
‐
2,783,000 to 13,914,999
1% ‐ 5%
16
89,723,810
32.24%
Below 1%
1,352
96,736,367
34.76%
1,370
278,300,000
100.00%
Below 2,783,000
Grand Total
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December 2012
Contact Us
Oman International Development and Investment Company SAOG
P.O. Box 3886, Postal Code 112, Ruwi
4th Floor, Ominvest Building
Bank Al Markazi Street
Muttrah Business District
Sultanate of Oman
T: +968 2476 9500 F: +968 2470 7519
www.ominvest.net
[email protected]
30
December 2012
Disclaimer
The information contained in this publication was developed using data
which Oman International Development and Investment Company SAOG
(Ominvest) assumes to be accurate; nevertheless, Ominvest accepts no
liability and offers no guarantees. The availability of such information
does not constitute a recommendation to buy or sell any of the
securities discussed herein. Ominvest reserves the right to make
changes to this publication without prior notice.
December 2012
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December 2012
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