In the Name of God the Most Gracious the Most Merciful
Dear Visitor
Welcome to Qatar and Oman Investment Company Website,
In view of the close ties between the State of Qatar and Sultanate of Oman for many decades and in line with strengthening and enhancing the cooperation between the two countries and under the aspirations and directives of H. H. Sheikh Hamad Bin Khalifa Al-Thani – Emir of the State of Qatar and H. M. Sultan Qaboos Bin Said – Sultan of Sultanate of Oman. Qatar and Oman Investment Company has been successfully established in 2007 in the State of Qatar with a capital of QR 300 million distributed among 30 million shares with a nominal value of QR 10 per share. The founder members namely “Qatar Investment Authority and Government of the Sultanate of Oman” underwrote in 12 million shares and the balance shares were offered for underwriting in each of State of Qatar and Sultanate of Oman. It is a Qatari Shareholding Company and its shares are listed and traded in Qatar Exchange.
In 2010, the company raised its capital by QR 1.5 million shares through the distribution of bonus shares to the shareholders by (1/2) half a share for every (10) ten shares owned. Therefore, the capital of the company is currently equivalent to QR 315 million distributed among 31.5 million shares.
The aim of Qatar and Oman Investment Company is to invest its funds in different types of investment options available in the State of Qatar and Sultanate of Oman according to the proper commercial and economic basis to achieve profits for the shareholders and to contribute in the economic, commercial and social growth of both the State of Qatar and Sultanate of Oman.
I would like also to point out that the Board of Directors have already adopted the investment strategy of the company that focused essentially on different areas of investment such as investment in real estate, investment in IPO’s and/or acquiring strategic shares in selective under performing companies for re-structuring or buying them entirely. The strategy defined the geographical areas for such investments in the State of Qatar and Sultanate of Oman in particular and in other Gulf Countries in general. The company’s strategy also focused on entering in investments with quick returns such as stocks and rental income from owned properties. The strategy also includes planning to enter in small and medium-sized industries and contributing in their capitals.
Although, the incorporation of Qatar and Oman Investment Company was at the beginning year of global financial crisis that shocked various capital markets worldwide, but the company under the wise leadership of the Board of Directors and the Executive Management was able to realize the objectives outlined in the company’s strategy and achieved the best performance ratios and distributed lucrative dividends to the shareholders during the period from 2008 to date.
The company’s management is keen not to engage in any transaction prior to assessing the involved risks thoroughly and rely on economic feasibility studies to ensure achieving the desired goals to protect the company from any financial losses as a result of lack of adequate assessment for those investments.
Qatar and Oman Investment Company is managed by (8) Board members from State of Qatar and Sultanate of Oman, all of whom are having experience and good reputation, in addition to highly experienced and competent chief executive Officer and specialized skilled staff . The Board of Directors while forming various committees took into consideration the standards of corporate governance. However, the corporate governance report was already presented to the shareholders for the year 2011.
Despite the implications of the international financial crisis that still exists and keeping in view the current situation, we look forward to the future with optimism due to the fact that the company is operating under strong economies and the State of Qatar is expected to witness unprecedented growth in all economic sectors during the coming years as they are going to host FIFA World Cup in 2022. .
Finally, on behalf of myself and the Board of Directors, I would like to extend my thanks and gratitude to H. H. Sheikh Hamad Bin Khalifa Al-Thani – Emir of the State of Qatar, H. M. Sultan Qaboos Bin Said – Sultan of Sultanate of Oman, H. H. Heir Apparent - Sheikh Tamim Bin Hamad Al-Thani, H.E Sheikh Hamad Bin Jassim Bin Jabor Al-Thani - Prime Minister and Foreign Minister, and to all shareholders in the State of Qatar and Sultanate of Oman for their trust in us and also to all those who contributed in supporting and realizing the objectives of the company.
Abdul Rahman Bin Mohammad Bin Jabor Al-Thani
Chairman
