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CORPORATE PROFILE
December 2012
Mission
2
Ominvest aims to provide its shareholders with a consistentannual return on their capital, and the opportunity to participatein long‐term gains from sound local and international investments.
December 2012
About Us
3
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 thecompany had over 1,370 shareholders comprising both institutional and individualinvestors, mainly from Oman and the GCC region
Portfolio of investments cover banking, financial services, manufacturing, industrial andreal 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)
December 2012
About Us
4
OMINVEST Management and Staff
December 2012
About Us
5
OMINVEST Management and Staff
December 20126
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
Retained Profits 7,209 8,585 8,891 10,652 16,679 26,148 21,795 24,573 27,430 27,561 22,441
Financial Ratios
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
December 2012
Sceneries of Oman
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December 2012 8
Stock Price
Source: Bloomberg, MSM and Annual Report
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)
0.000
0.100
0.200
0.300
0.400
0.500
0.600
01,0002,0003,0004,0005,0006,0007,0008,0009,00010,000
MSM30 OMVS
MSM‐30 OMVS (in OMR)
December 2012
About Oman
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December 2012 10
Key Financial Indicators
280,000
480,000
680,000
880,000
1,080,000
1,280,000
1,480,000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Total Assets ‐ OMR '000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
200,000
220,000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Shareholder Equity ‐ OMR '000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
55,000
60,000
65,000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Revenues ‐ OMR '000
‐
5,000
10,000
15,000
20,000
25,000
30,000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Net Income ‐ OMR '000
December 201211
Group Activities
Private Equity & Corporate Finance Capital Markets
Industrial InvestmentsReal Estate Investments
Ominvest
‐ Direct Investments, co‐investments and Private Investment in Public Equity
‐ Corporate Finance
‐ Private Equity Funds
‐ Niche market opportunities
‐ High quality developments
‐ Joint Ventures
‐ Global Listed Equities
‐ Managed investments through select vehicles in key growth markets
‐ Exchange Traded Funds, Open/Close‐Ended funds
‐ Industrial investments across various sectors
December 2012 12
About Oman
December 2012 13
Asset Distribution
Source: Ominvest Annual Report 2012
The following charts show Ominvest’s asset distribution by business segment and by geographical location, as of 31 December 2012.
Strategic & Industrial
70%
Private Equity14%
Capital Markets9%
Real Estate 7%
Business Segment
Oman82%
GCC (excl. Oman)3%
Other15%
Geographical Location
December 2012
Oman Arab Bank SAOC, Oman. Ominvest’s single largest investment is its banking subsidiarywhich has contributed significantly to the Group’s success since inception. It was established inOctober 1984 with Ominvest and Arab Bank PLC of Jordan as principal shareholders. Oman ArabBank 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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Key Investments
December 201215
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%
Qurm Beach, Muscat, Oman
December 201216
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 theSultanate of Oman. National Finance offers a wide range of leasing, credit and other products tocorporate 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 acapacity 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 servingthe construction industry in the region.
December 201217
Key Investments
National Detergent Company SAOG, Oman, was established in 1981 by a group of Omaniinvestors. The Company manufactures and distributes leading detergent powders, liquiddetergents, toilet soaps, shampoos and industrial cleaners. It is the first soap and detergentcompany in the GCC to receive the prestigious ISO 9001 certification. It was voted ‘GreatestBrand’ by Observer Brand Survey in 2010‐11, and voted ‘SuperBrand’ Oman 2009 & 2012.
Contact : Tel No. 968 24493824 : Website www.ndcoman.com
December 2012 18
Sceneries Oman
December 201219
Key Investments
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 benchmarkssuch as MSM 30 Index, S&P 500 Index and the MSCI Asia Pac Index. An initial investment of USD 100 K invested in CMD portfolioin 2002 translates to USD 628 K by end of 2012.
Contact : Tel No. 968 24769500 I website www.ominvest.net
‐100%
0%
100%
200%
300%
400%
500%
600%
700%
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
% Return
Performance of CMD Portfolio Vs. Benchmarks over Last 10 Years
CMD Portfolio
MSM ‐ 30 Index
S&P 500 Index
MSCI ASIA PAC Index
December 201220
National Biscuit Industries Ltd. SAOG, Oman was established in 1982 as a joint stock company for themanufacture 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 20countries across the globe, with a strong presence in GCC countries.
Contact : Tel No. 968‐24‐446034 website : www.iffco.com
Key Investments
December 2012 21
Salalah Resorts SAOC, Oman. A key strategic initiative by Ominvest, the project, located in the Dhofar regionof Oman, is a high quality, differentiated Integrated Tourism Complex (ITC) resort to be developed on a 4 km²oceanfront site overlooking the Indian Ocean. This mixed‐use development project features a range ofcomponents including up to three 5‐star and 4‐star hotels, high‐end residential, village centre complete withsouk and community activity facilities. It is designed to address market requirements and as a top‐tierdestination for tourism in the Sultanate of Oman. Contact : Tel 968 24769500 : Website www.ominvest.net
Key Investments
December 2012 22
Sceneries Oman
December 201223
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%
December 201224
ChairmanKhalid Muhammad AI Zubair (E)
Deputy Chairman Taya Jandal bin Ali (E)
Abdul Kader Askalan Mr. Abdul Kader Askalan, Chief Executive Officer of Oman Arab Bank, Ominvest’s major bankingsubsidiary, has been a Director of Ominvest since its inception in 1983. Commencing his career as aBanker in 1957 with Arab Bank PLC, Jordan, Mr. Askalan occupied various positions in Arab Bank until1984 when he was appointed General Manager of Oman Arab Bank SAOC.
Mr. Taya Jandal Ali, a Diploma graduate of the Faculty of Extra Mural Studies, Cambridge University, hasbeen a Director since 1989 and was the Chairman of the Company from 1996 to 2005. He is currently theChairman of National Finance Company, Ominvest's affiliate.
Mr. Khalid Muhammad AI Zubair was elected as the Chairman of Ominvest in May 2012. Mr KhalidAI Zubair is a graduate of University of Arizona, USA with Bachelor Degree in Business Administration. Heis the Director of The Zubair Holding LLC, one of the leading private sector groups in the Sultanate ofOman with diverse business interests, in addition to his responsibilities as the Managing Director of TheZubair Corporation, involved in providing strategy, direction, superintendence, control and support to thebusiness. Mr. Khalid AI Zubair is the President of the European Economic Chamber of Trade Commerceand Industry for the Sultanate of Oman, Chairman of Oman‐Turkey Businessmen's Council, Chairman ofSmall & Medium Enterprises Committee of Oman Chamber of Commerce and Industry, Member ofNational Technology Business Incubation Advisory Board, Board Member of INJAZ Oman and BoardMember of The Public Authority for Investment Promotion and Export Development.
Jamal Shamis Al Hooti (A)
Mr. Jamal Shamis Al Hooti, a graduate from USA, was elected as a Director in 1996. He is the ChiefExecutive Officer of Oman Cement Company SAOG, the leading cement manufacturing company inOman, and held the position of Assistant Director General of Industry, Ministry of Commerce & Industry.
Mr. Abdullah Said Al Balushi, graduate in Business and Economy from Baghdad University, has been aDirector since 1996. Mr. Abdullah Al Balushi is a businessman and is Ex‐member of the State Council(Majlis Addawla).
Abdullah Said Al Balushi
Board of Directors Profile
(E) Member of Executive Committee, (A) Member of Audit Committee
December 201225
Majid Salim Al Araimi (A)
Khalil Abdulla Al Khonji (A)
Saif Said Al Yazidi (E)
Mr. Majid Salim Al Araimi, a BSc graduate in Engineering Management from the University of Missouri, USA, waselected as a Director in 2001. He is Deputy Chairman of Oman Packaging Co. SAOG and previously was Directorof Galfar Engineering & Contracting SAOG, one of the leading engineering and contracting companies in Oman.
Mr. Khalil Abdullah Al Khonji, a graduate in Industrial Management and Technology from the University ofNorthern Colorado, USA, was elected as a Director in 2002. In 2007 he was appointed by His Majesty as theChairman of the Board of Oman Chamber of Commerce & Industry. Mr Khalil was the Chairman of Al KhonjiGroup, a leading trading house in Oman.
Mr. Saif Said Al Yazidi, holding a BSc degree in accountancy and an MBA from Leeds Business School, UK, waselected to the Board of Ominvest in 2005. He is the Investment Manager at the Civil Service Pension EmployeesFund and has 14 years of experience in areas of asset management, equity research, fixed income, alternativeinvestment such as hedge funds, private equities and real estate.
C.S. Badrinath (E)
Imad Kamal Sultan (E)
Mr. C.S. Badrinath was appointed to the Board in December 2012. Mr Badrinath is a Chartered Accountantby profession and is an Associate Member of the Institute of Chartered Accountants of India. He is also anAssociate Member of the Institute of Cost & Works Accountants of India. Mr. Badrinath is with the ZubairGroup 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 overallin‐charge of the various sectors of The Zubair Corporation Group. Mr. Badrinath is a member of all themonitoring 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 aDirector of Barr Al Jissah Resort Company SAOC and the Zubair Automotive Group.
.
Mr. Imad Kamal Sultan is a director of W. J. Towell & Co. LLC, a major diversified family‐owned corporation. Heis currently the Chairman of Fairtrade LLC and Al Marsa Fisheries LLC. He also serves as a Director on the Boardsof 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 WashingtonDC, USA and has been a member of the Young Presidents Organization since 2005.
Board of Directors Profile
(E) Member of Executive Committee, (A) Member of Audit Committee
December 201226
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%
Sceneries of Oman
December 201227
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.
Tariq Al AsfoorExecutive Vice President, Capital Markets
Tariq Al Asfoor joined Ominvest in January 1995, prior to which he was involvedin project appraisal and feasibility studies for a public sector bank. Thereafter heserved as Research Analyst at a sovereign fund in Oman where he was involvedin undertaking economic analysis for investment decisions. Tariq graduated fromthe US International University, UK in 1987 and obtained his MBA fromWolverhampton Business School, UK in 1994 after obtaining post graduatediploma 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 RealEstate. Mr. Thamood Al Adawy is a graduate of Glammorgan University in UKwith Bachelor Degree in Building and Post Graduate Certificate in ConstructionManagement. He is a Member of various institutes in UK. Prior to joiningOMINVEST he has experience of over 24 years’ in Civil Engineering, BuildingDevelopment in Housing and Retail, Marine, Highways, Project Management,Construction Management, Environmental, Health and Safety Management andDesign and Supervision, he held various Senior positions including SectionEngineer, Senior Engineer, Construction Manager, Project Manager & Directorof Rvwgulf spanning between Oman and United Kingdom.
Taimur Hasan Senior Vice President, Private Equity & Corporate Finance
Taimur Hasan has more than 18 years of international experience and anextensive Investment Banking background with a focus on Mergers &Acquisitions, Private Equity, and Equity Capital Markets. Prior to joiningOminvest, he worked for large financial institutions in the GCC, Pakistan andUSA, where he concluded several landmark transactions globally. Taimurgraduated from Coe College in Cedar Rapids, Iowa, USA, where he earned hisBachelor’s degree in Business Administration with a concentration in Finance.He is National Association of Securities Dealers (NASD) Series 7 and Series 63certified.
K P KarnikChief Financial Officer
K P Karnik started his professional career with AF Ferguson & Co. in Mumbaiand moved to Oman in 1979 to join a leading international firm of publicaccountants. Since joining Ominvest in November 1984, he has been a memberof the executive management team and has represented the company on theBoard of number of listed companies. Karnik graduated from the University ofMysore, India and qualified as a Chartered Accountant in 1976.
Ahmed Said ZakiChief Compliance Officer
Said Zaki joined Ominvest in August 1995 and has more than 39 years ofexperience in banking, finance and investment in Egypt and the Sultanate ofOman. Said represents Ominvest on the Board of a number of companies,including the banking subsidiary, Oman Arab Bank and serves as Secretary to theOminvest Board. He graduated from the University of Cairo in 1973 and holds aprofessional Diploma in Management from the American University in Cairo.
Management Profile
December 2012
Sceneries Oman
28
December 2012
The Company’s quarterly and annual financial statements are posted on the Muscat Securities Marketwebsite www.msm.gov.om and on the Company’s website www.ominvest.net.
The shareholding pattern as on 31 December 2012 was:
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Shareholder Information
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 2,783,000 Below 1% 1,352 96,736,367 34.76%
Grand Total 1,370 278,300,000 100.00%
December 201230
Contact Us
Oman International Development and Investment Company SAOGP.O. Box 3886, Postal Code 112, Ruwi4th Floor, Ominvest BuildingBank Al Markazi StreetMuttrah Business DistrictSultanate of Oman
T: +968 2476 9500 F: +968 2470 [email protected]
December 2012
Disclaimer
The information contained in this publication was developed using datawhich Oman International Development and Investment Company SAOG(Ominvest) assumes to be accurate; nevertheless, Ominvest accepts noliability and offers no guarantees. The availability of such informationdoes not constitute a recommendation to buy or sell any of thesecurities discussed herein. Ominvest reserves the right to makechanges to this publication without prior notice.
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December 2012 32
