Muscat – Ominvest recently received the ‘Excellence in Investment’ award at the seventh edition of the New Age Banking Summit.

The summit, which was held under the patronage of H E Tahir al Amri, executive president of the Central Bank of Oman, highlighted the opportunities and challenges faced by Oman’s banking industry. The event focused on the adoption of new technologies that will help Omani banks keep pace with the evolving financial ecosystem in the digital age.

It was recognised at the summit that Ominvest’s investments in quality assets across diversified sectors; creation of scalable platforms within business verticals; excellence in acquisitions and mergers; creating value and synergies within group companies; producing healthy cashflows, and a track record of uninterrupted dividends are among the key considerations for which the company won the ‘Excellence in Investment’ award.

AbdulAziz al Balushi, group CEO of Ominvest said, “We are honoured and delighted to receive the award for ‘Excellence in Investment’ for the second time and I sincerely thank our esteemed regulators for their continued support and guidance, which has been paramount to our success over the years. The crucial support from our internal and external stakeholders has enabled us to be a highly purpose-driven and successful organisation. This award is also a testament to our commitment and dedication to creating value for all our stakeholders.”

Representing Ominvest at the summit’s panel discussion on ‘The Future of Banking and Financial Services’, Badar al Shanfari, chief operating officer at Ominvest, shared insights on the impact of latest global economic trends on Oman’s banking and financial industry, the company’s approach to making investments in Fintech and the importance it places on Environmental, Social and Governance (ESG) practices.