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Alam Al-Iktisaad Awards 2020 honours Oman’s best performers

2 Dec 2020

Recently held Alam Al-Iktisaad Awards felicitated the top corporate leaders, business performers and achievers from Oman. The event witnessed the congregation of the business leaders and dignitaries who are driving the country’s business and economy, and are instrumental in the nation building process. 

Marking the 10th edition of the awards, the event took place at the Sheraton Oman Hotel. H E Qais bin Mohammed al Yousef, Minister of Commerce, Industry and Investment Promotion graced the event as the chief guest and H E Mohamed bin Sulaiman al Kindi, Deputy Governor of Muscat Governorate, was the guest of honour.

Overall 15 top ranking MSM-listed companies were felicitated at the award function across three categories – large cap, mid cap and small cap – based on their performance on select financial parameters. 

For performances that go beyond the balance sheet, a series of special awards were presented.

In the large cap segment, National Life & General Insurance topped the list of winners. It was followed by four other winners including Ahli Bank, SembcorpSalalah Power & Water, Bank Nizwa and National Finance Company. 

In the mid cap segment, Oman United Insurance emerged on top. The other winners in the segment included Al Ahlia Insurance, Al Kamil Power, Taageer Finance and Al Jazeira Services. 

The small cap category had Dhofar Insurance taking up the pole position among the winners. Gulf Hotels (Oman), Majan College (University College),Oman Investment and Finance Co and Sahara Hospitality were the other winners in the small cap segment.

An array of special awards was presented to the winners for their achievements beyond the regular parameters. The Nation Builder of the Year award was presented to Petroleum Development Oman. Samir Fancy, chairman of the Renaissance Services was presented the Iconic Business Leader of the Year award. The Most Outstanding Corporate Leader of the Year award was presented to HonourableLujainaMohsinDarwish. The Lifetime Achievement Award was given to Majid al Toky, the chairman of Dhofar Insurance Company and the Business Leader of the Year award was presented to SayyidaRawan Ahmed al Said, CEO of Takaful Oman. 

The Most Promising Entrepreneur Award in Oil & Gas Services was presented to MaktoomSaadBakhit al Mahri, chairman of Maktoom Trading & Contracting Company. The Emerging Business Leader of the Year was presented to MohsinHani al Bahrani, CEO of Automotive, Construction Equipment & Renewable Energy, MHD. The CEO of the Year award was presented to S Venkatachalam, CEO of National Life & General Insurance Company and the Global Omani of the Year Award was given to Salem al Bortmany, CEO of Areej Vegetable Oils & Derivatives. 

Among other special awards the CEO of the Year – Oil and Gas Services award was presented to Eng Musallam al Maashani, CEO of Al Baraka Oilfield Services. The CEO of the Year – NBFCs was presented to Shahin Mohammed al Balushi, chief executive officer of Taageer Finance Co. 

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