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OMAN HOLDINGS INTERNATIONAL
On an acquisition spree
 Oman Holdings International has always been a business conglomerate with
diversified interests. This diversification was further extended during 2005-06,
when the company acquired significant stake in two companies – a travel agency
and an engineering company. The latter has been a successful operator for over
two decades in the Sultanate of Oman, catering to multinational companies
worldwide.
The acquisition of a majority stake and full management control in the travel
company should help OHI strengthen its presence in the travel sector. The
acquired company has been functioning for over six years. OHI hopes to further
consolidate its travel business and cater to the various segments within this
sector. Turkish Airlines, of which the company is the general sales agent for
Oman, has gone ‘on line’ introducing direct flights between Istanbul and Muscat.
The company deems this beneficial. In furtherance of its strategic plan to
exploit opportunities in the tourism sector, OHI has acquired a Desert Camp. It
is being developed on an international scale to attract both domestic and
overseas tourists.
The company has also acquired 100 per cent equity in an advertising and
publicity company during the year. The acquired company is associated with a
major international brand and has been a successful operator in Oman for
over 12 years.
In 2005, the Ministry of Information awarded a letter of intent to the company
to establish radio and television stations in the Sultanate. The firm believes
this heralds the pioneer initiative on the part of the government to privatise
broadcasting.
OHI has also entered into an arrangement with an overseas investor to establish
a chemical manufacturing plant in Sohar. The project is expected to commence
production during the first half of 2007. The future of the company looks as
bright as has been demonstrated by it in the last five years. The rapid
industrialisation around Sohar should provide with good potential for the
company to expand.
√ Back
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May -
2007 |
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Cover Story |
Oman’s Leading Listed Companies in 2006
Mukhtar Hasan analyses Oman’s
largest listed companies in 2006, based on revenues and other
financial parameters. |
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Other Headlines |
Bank Sohar:
Surfing on SMEs
A sixth bank has appeared on Oman’s
financial horizon after 12 years. Abhijit Sinha checks out CEO Nani
B. Javeri’s start-up USP of ‘not just selling a product but also a
solution with that product’ |
Enter the chill-out zone
The AC and refrigerating unit market is soaring regionally as well
as globally, with changing customers’ profile and cutting-edge
technologies adding value to the products |
‘Amouage is a roving ambassador for Oman’
One of the most successful Omani brands, Amouage is on the threshold of a major makeover exercise. David Crickmore, CEO, Amouage talks about the new marketing strategy and growth plans in an interview with Akshay Bhatnagar… |
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An Issue Ignored Is A Crisis Invited
In the quest to achieve its strategic
objectives, an entity has to ensure that it has sound issue
management practices in place to meet the expectations of its
stakeholders, externally and internally. OER looks at what issue
management is all about and its growing importance in today’s
increasingly complex corporate world |
X Means Exhilaration
The new BMW X5 smoothly combines
dynamic driving capabilities, luxury and impeccable technology. A
test drive report by Anne Kurian |
Case for enhancing inter-Arab trade
The 22 Arab nations should look at
realising trade opportunities among themselves, writes Dr Jasim
Husain Ali |
When Dividend stocks in an uncertain market
The coming days may not be smooth
sailing for equity investors, writes Matein Khalid |
Oman is a hidden treasure
Realising the growing stature of
Oman’s oil and gas industry, Atlas Copco, the world’s only
manufacturer of ISO certified oil-free air compressors, opted for
Oman as the venue of its first Oil and Gas MaXimiZe course. Sunil
Kumar Singh caught up with the organisers |
China’s Middle East Policy
The likely result of the intense
competition in Central Asia could mean that the Chinese majors may
be looking to place their investments in fields closer to home, away
from the Gulf |
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What to do next?
Managers devote time to
strategy-making because they want some degree of certainty that they
can direct their firm towards success |
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A novel to Communicate!
Oman Mobile recently launched Corporate Private Network for its NAMA post-paid
connection with loads of benefits for customers at down-to-earth prices |
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Opening the doors
Smart Manufacturing conference was an exceptional networking and knowledge
transfer event granting manufacturers a chance to enhance their bottom line. An
OER report on the recent two-day event |
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The Wave, Muscat
An Idyllic Island Lifestyle |
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Regulars |
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