Corporate Profile AL ZAMAN

Al Zaman Group of Companies

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Our Philosophy

“Success is always a desire for any business, achieving this desired goal requires preparation, foresight and strategy”

Al Zaman, is a remarkable embodiment of this philosophy. We started our journey in the early 1980s as a trading house and transformed it into a professionally managed group of multidimensional companies that runs under one umbrella - The Al Zaman Group of Companies.

The core of our success has always been the same - maintain vertical growth by closely examining the market and investing in various key economic sectors by efficient use of resources and technology. We have achieved this by consistently enhancing the quality of our operations, which has helped us to be innovative and create the means of doing things in a better and smarter way. Al Zaman always strives to be ahead of the curve so we are a step ahead in what we do.

We have successfully established partnerships in several countries such as the United Kingdom, Italy, Switzerland, Thailand, Singapore, Hong Kong, UAE and many more. Al Zaman continues to make important progress in acquisition and strategic execution. We work closely with both local and international associates in our chosen sectors & industries.

Al Zaman is a caring employer and the group remains deeply committed to a proactive CSR program in line with its core culture and values.

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Vision, Mission & Values

Al Zaman Group of Companies strives to achieve sustainable financial performance & vertical growth in all its business endeavors by delivering excellent operational results through innovation and proactive strategic approach. Our pioneering spirit allows us to accomplish this by creating a vibrant, diverse and stimulating work atmosphere for our professional team who work passionately as a proud family to deliver commitment and quality.

We establish long-term relationships with all stakeholders based on mutual trust and respect that ref lects our integrity, our intrinsic values and our high ethical standards that we have set for ourselves. We remain profoundly committed to working for the progress of our society. Our proactive CSR undertakings echo the unwavering confidence that our local & global partners place in us.

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About Us

Al Zaman is an Oman based business group, active in several key economic areas with global diversity. Al Zaman owns, operates and manages professionally run businesses within and outside the Sultanate of Oman. Our global presence includes the United Kingdom, Italy, Switzerland, Thailand, Singapore, Hong Kong, UAE, etc. With our network of associates and subsidiaries, Al Zaman operates a portfolio of businesses that are transformational and challenging in their own individual disciplines. Al Zaman is a professionally managed and highly successful group. Our global reach affords us the advantage of leading in every sector that we are engaged in.Al Zaman operates its portfolios of businesses and investments under three operating groups, namely investment group, overseas operations group and operating companies group.

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Petrochemicals / Oil and Gas

Oman Chlorine is a public shareholding company listed in the Muscat Securities Market (MSM), which was established in 1998 as one of the largest privately owned Chloralkali Plant in the Sultanate of Oman.

Renaissance Service is an Omani multinational Oil & Gas and Marine & Contract Services company listed in the Muscat Securities Market (MSM) in the Sultanate of Oman. The company with a market capitalization of over USD 1 billion, employs over 12,000 people and operates in over 16 countries.

Oman Chlorine SAOG

Renaissance Holdings SAOG

Blueline Shipping (Pte) Ltd.

Al Zaman (UK) Ltd.

Shipping & Logistics

Blueline Shipping was established in 2010 and accredited by ISO 9001:2008. It is a privately owned shipping company; it owns, operates, manages and charters ships across the world. BLS primarily transports petroleum products and other dry bulk commodities

Al Zaman has a procurement and logistic wing based in the United Kingdom, specializing in providing services to its home base. It also fulfills special requirements for Institutional Clients.

Investment Portfolio

Al Zaman is a promoter & a significant strategic investor in several public listed companies in Oman.

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TEO is a Mobile Virtual Network Operator (MVNO) and a Class 1 International Gateway Operator (IGW) in Oman. TEO is a world class telecommunication and technology transformation services company, providing consumer and business solutions throughout Oman. TEO’s global traffic partners include Global Tier 1 Operators. TEO aspires to become a fully converged regional telecom operator and aims to seek an IPO in 2017.

TEO (Samatel)Integrated Telecommunications Oman SAOC

Taageer Finance SAOGTaageer Finance specializes in Islamic rental/leasing services, operated by a prominent Saudi firm, with f lexible terms, conditions and other value added services for its customers.

Financial Services / Insurance

United Finance SAOG

United Finance is the leading finance company that operates in Sultanate of Oman, which has a satisfied client base of over 15,000, with 7 operating branches throughout the country. United Finance offers customized solutions in corporate finance with a refreshingly different approach.

Taajeer Finance SAOGTajeer Finance specializes in Islamic rental/leasing services, operated by a prominent Saudi firm, with flexible terms, conditions and other value added services for its customers.

Al Madina Insurance Company SAOC

Al Madina Insurance is one of the youngest and fastest growing general insurance and re-insurance company in Oman. Al Madina believes in innovation, social responsibility, transparency, integrity and team work in order to serve the best to its customers.

Telecom & Technology

TEO (Samatel)

Integrated Telecom Communication SAOC


.

United Finance is the leading finance company operating in the Sultanate of Oman, which has a satisfied client base of over 15,000, with 7 operating branches throughout the country. United Finance offers customized solutions in corporate finance with a refreshingly different approach.

United Finance SAOG


United Finance SAOG






TEO (Samatel)



.

Al Madina Insurance is one of the youngest and fastest growing general insurance and re-insurance company in Oman. Al Madina believes in innovation, social responsibility, transparency, integrity and team work in order to serve the best to its customers .



United Finance SAOG






TEO (Samatel)



.


United Finance SAOG






TEO (Samatel)



.

Investment Portfolio



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The following are the operating companies that are managed as part of the Al Zaman Group of Companies:

Luxury & Lifestyle Division

Ajmal International branded as Ajmal throughout the Middle East manufactures, packages and markets luxury perfumes and cosmetics across different regions in the world. Ajmal concentrates on the manufacturing and distribution of Oriental (Dehn Al Oudh) and French perfumes along with Crystal and Novelty products.

Prima Gold is an exclusive territory franchise of Prima International in Oman. Prima Gold specializes in exclusive 24K pure gold jewelry, the first such international brand in the world.

Gallery Argan is one of the finest and most exclusive boutiques for world renowned brands in jewelry, Swiss watches, a dazzling collection of gifts crafted with crystal, silver, Murano glass and porcelain along with writing instruments and objets d’art.

Investment Division

Al Zaman Investments is a licensed Omani Limited Liability Company, which closely operates with the Muscat Securities Market (MSM) under the Capital Market Authority (CMA), Sultanate of Oman. Its core business is related to Equity Investments and Venture Capital.

Al Zaman Investments LLC

Gallery Argan LLC

Prima International LLC

Ajmal International LLC Oman

Operating Companies Group

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Real Estate, Property & Hospitality Development

Al Wajajah Power & Technology LLC

Al Zaman Real Estate LLC

Summit Hotels & Hospitality LLC

Al Wajajah Power engages in the supply and procurement of plant, machinery and materials related to power plants for Governmental Institutions in Oman.

Al Zaman Real Estate owns and engages in Commercial and Residential Developments and ownership in various destinations like Oman, the United Kingdom, Singapore and UAE.

Summit Hotels & Hospitality is engaged in development & ownership of hotels and hospitality properties along with a franchise in Oman and in the United Kingdom

Technology Division


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Makson is an export oriented Tea Plantation and Manufacturing company which produces the finest aromatic Tea in the South Asian Region, operating within its own distribution channel.

EQ Trading is a Dubai, UAE based procurement and re-exporting wing that provides services to all Al Zaman associates and partners in GCC.

Special Products Division

EQ Trading

Makson Brothers Ltd. Tea & Lands Company


The following are the operating companies located outside the Sultanate of Oman that are managed as part of the Al Zaman Group of Companies:

Bespoke Luxury Division

Sovel is a United Kingdom based subsidiary engaged in Special Projects & Bespoke Creations that serves Governmental Institutions and Exclusive Clients.

Sovel (UK) Limited

Crown is a United Kingdom based subsidiary engaged in providing special supplies and services to its Global Clients and Governments.

Crown (UK) Limited

Hermitage Bespoke provides an outstanding and unique range of hi-luxury and lifestyle products that none can match and are specifically familiar to the global elite class.

Hermitage Bespoke & Luxury Creations Ltd.

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The Sultanate of Oman

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We acknowledge and appreciate the leadership and guidance provided by His Majesty Sultan Qaboos Bin Said and his government in nurturing and encouraging the spirit of entrepreneurship and competition in Oman. We applaud the efforts taken to create a secure and conducive business environment, for encouraging local talent and at the same time encouraging foreign direct investment in key sectors of the economy in a balanced and viable manner. We express our deep appreciation and gratitude to His Majesty for guiding us on the road to stability, peace and prosperity.

His Majesty Sultan Qaboos Bin Said Al Said

We acknowledge and appreciate the leadership and guidance provided by His Majesty Sultan Qaboos Bin Said and his government in nurturing and encouraging the spirit of entrepreneurship and competition in Oman. We applaud the efforts taken to create a secure and conducive business environment, for encouraging local talent and at the same time encouraging foreign direct investment in key sectors of the economy in a balanced and viable manner. We express our deep appreciation and gratitude to His Majesty for guiding us on the road to stability, peace and prosperity.

- Mohammed Zaman Chairman, Al Zaman Group of Companies

His Majesty Sultan Qaboos Bin Said Al Said

The Sultanate of Oman

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About Oman

Name Sultanate of Oman

Location Middle-east, Asia (Neighboring Saudi Arabia, UAE and Yemen)

Capital Muscat

Area 309,500 km2 (Coast line 2,092 km)

Head of State Sultan Qaboos Bin Said Al Said (1970 – present)

Political Structure Absolute Monarchy (Democratically elected legislative branch)

Religion Predominantly Islam

Population 3.8 million (Nationals – 66%, Non-Nationals – 44%)

Language Arabic, English

Industries Oil & Gas, Shipping, Tourism, Construction, Cement, Chemicals, Steel & Copper

GDP Actual GDP is USD 76.46 billion (2012) Real GDP growth at 5% (2012) Per Capita is USD 28,500 (2012)

Geography Dry hot desert with rugged mountains

Currency Omani Rial (OR)

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The Omani economy has shown strong growth over the past 40 years. The GDP in Oman has been growing at a compound Annual Growth Rate (CAGR) of 4.6% between 2008 and 2012 and is forecast to grow at an average rate of 3.6% between 2013 and 2018. During the 2009 global recession, the economy remained salient while the real GDP grew at 3.4%.

Oman is ranked 33rd by the World Economic Forum (WEF) in terms of its macro-economic environment and its institution. It is ranked 47th in the world for ease of doing business.

The World Bank rates Oman as a high income nation with the average monthly income of Omani nationals at RO 1080 (USD $2806). The currency exchange rate is pegged to the US dollar and the government has indicated that there will be no revaluation or change in the near future.

Oman’s economy is reliant on revenues from oil and gas, representing 51% of GDP in 2011. Oman has a developed and technically advanced oil and construction sector. The building & construction sector represented 10% of total GDP for 2012 and employs around 39% of the country ’s labor force.

Economic Environment

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According to Oman’s 8th Five Year Plan (2011-15), the government plans to spend RO 12 billion (USD 31 billion) in a phased manner, which includes new projects worth RO 5.6 billion (USD 14.5 billion). The government is spending USD 5 billion in the steel industry alone.

The Omani road network is extensive with major highways linking all major cities. There are international airports in Muscat and Salalah and a number of domestic airports along with modern seaports at Muscat, Salalah and Sohar. Expansion of the road network, airports and seaports is being planned as an economic priority. Oman has recently embarked on an ambitious US$ 20 billion railway project which will run across the length and breadth of the country and be connected to the wider GCC rail grid currently under development across the GCC countries.

The tourism appeal of Muscat is being developed as heavy industries are moving out of the city. Muscat has a deep sea port, ideal for hosting cruise ships. Muscat International Airport serves 55 international cities with direct f lights, of which most are in the Indian Sub-continent, GCC countries and Europe. Oman’s direct tourism contribution shows a very strong correlation (97%) with the country ’s GDP, underpinning the continuous growth in the tourism industry.

While the main driving force for development continues to be the energy and utilities sector, the country is undergoing continuous economic reforms mainly focused on economic diversification, privatization of key industries, encouraging foreign investment and acceleration of Omanization of the labor force.

Economic Environment

Economic Environment According to Oman’s 8th Five Year Plan (2011-15) the government plans to spend RO 12 billion (USD 31 billion) in a phased manner, which includes new projects worth RO 5.6 billion (USD 14.5 billion). The government is spending USD 5 billion in the steel industry alone.

Omani road network is extensive with major highways linking all major cities. There are international airports in Muscat and Salalah and a number of domestic airports along with modern seaports at Muscat, Salalah and Sohar. Expansion of the road network, airports and seaports is being planned as an economic priority. Oman has recently embarked on an ambitious US$ 20 billion railway project which will run across the length and breadth of the country and be connected to the wider GCC rail grid currently under development across the GCC countries.

The tourism appeal of Muscat is being developed as heavy industries are moving out of the city. Muscat has a deep sea port, ideal for hosting cruise ships. Muscat International Airport serves 55 international cities with direct flights, of which most are in the Indian Sub-continent, GCC countries and Europe. Oman’s direct tourism contribution shows a very strong correlation (97%) with the country’s GDP, underpinning the continuous growth in the tourism industry.

While the main driving force for development continues to be the energy and utilities sector, the country is undergoing continuous economic reforms mainly focused on economic diversification, privatization of key industries, encouraging foreign investment and acceleration of Omanization of the labour force.









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His Majesty Sultan Qaboos has been recognized by organizations such as the United Nations and the National Council of US-Arab Relations for his leadership in the Persian Gulf region.

In 2008, he presided over the GCC Summit, where he was commended for his ongoing efforts toward political and economic cooperation amongst the GCC states.

His Majesty has made an effort to strengthen ties between Oman and India. Oman enjoys cordial relations with both the United States and Iran – a rarity in the diplomatic world; it shows the Sultan’s foresight in carving foreign policy independent of that of his Arab neighbors.

Unlike neighboring countries, Oman has resolved all its border demarcation issues with all its neighbors, has no foreign debt and has a Sovereign Wealth Reserve Fund of over 30 billion Omani Rials (about US$100 billion).

Oman is thus arguably the best administrated country in the Islamic world, if not in the whole world. A common saying in the region is that “Oman is a friend to all and the enemy of none."

There are several positive features in the economic policy and environment of Oman that encourages the flow of investments into Oman. The government is continuously engaged in making the investment climate as conducive and investor-friendly as possible. Oman's Foreign Capital Investment Law has been liberalized, permitting 70% foreign participation in companies automatically in most of the sectors and even 100% foreign capital investment is permitted for projects of national importance.

The Law on Income Tax for companies has been amended, providing for completely non-discriminatory treatment between fully Omani owned companies and other companies incorporated in Oman irrespective of the extent of foreign participation.

An array of incentives are offered and in the Ministry of Commerce & Industry a "One-Stop- Shop" for assisting the domestic and foreign investors in obtaining all required clearances quickly and from one window has been established.

Foreign Policy

Foreign Investment

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Contact & Address Details

PO Box 2429

Ruwi 112, Muscat

Sultanate of Oman

Tel: +968 24707347 / 24703104 Fax:+968 24787096

Email: [email protected] www.al-zamangroup.com

This document is the property of Al Zaman Investments LLC. This document is supplied on the express condition that the content must not be used for purposes other than that for which it has been supplied. Each recipient of this document is responsible for ensuring that transfer or use of any information contained in this document complies with the above declaration.


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Corporate Profile AL ZAMAN