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Mulham Bin Basheer Al-Jarf is having more than 30 years of commercial experience in international business and finance. He holds a Bachelor's Degree in International Business from Marymount University and is a qualified Barrister at Law of the Bar of England and Wales. He currently serves as the Deputy President for Investment at the Oman Investment Authority (OIA), where he oversees the execution of the Authority's investment strategies aimed at achieving long-term, sustainable returns and supporting the diversification of Oman's economy. Additionally, he is the Chairman of OQ Group and Omantel Board of Directors and Board Member of Energy Development Oman. His previous roles include positions at the Ministry of Oil & Gas, Oman Gas Company SAOC, General Telecommunications Organisation (now Omantel), and Deputy CEO of Oman Oil Company SAOC.

Mulham Bin Basheer Al-Jarf

Chairman

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Khalid bin Abdullah Al-Khalili holds a Bachelor's degree in civil engineering from the Florida Institute of Technology in the United States of America. He has an early career focused on construction and real estate development having previously held various Senior Management positions. He has been responsible for the development of several real estate projects in various sectors; Government, Tourism, Health, Commercial and Residential with a net total value exceeding USD 500 Mn. In addition to his responsibilities in Aflag Group, he actively participates through holding management positions in various sectors such as administration, financial, insurance and communications sectors. He is actively involved through his directorships in Finance, Insurance Telecoms .He chairs the Board of Directors of Bank Nizwa SAOG, LIVA Insurance (Oman) SAOC. Deputy Chairman & member of the Executive Committee - OMINVEST (Oman International Development & Investment Company SAOG). Founder & Chairman - Sumail Development Company SAOC.

Khalid bin Abdullah Al-Khalili

Deputy Chairman

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Aimen bin Ahmed Al Hosni held the position of CEO of Oman Airports and is acclaimed for his important role in elevating Oman Airports to a significant status globally and for his substantial contributions to the national efforts in transforming Oman's aviation sector. Under his leadership, major airports in the Sultanate were launched between 2015 and 2018, a period marked by numerous prestigious regional and international awards and accreditations. Beyond his notable achievements in aviation, Al Hosni holds key executive positions in various national and international companies, including Chairman of Oman National Engineering & Investment Company SAOG.

Aimen bin Ahmed Al Hosni

Member

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Sayyid Zaki bin Hilal Al-Busaidi held the position of CEO of the Institute of Public Administration. He has vast experience in quality management systems, organizational structures and human resource management. He holds a Master's Degree in public administration from the University of Exeter, United Kingdom. He is a member of the State Council, and member of the authority Supreme Council of the Gulf Cooperation Council (GCC). He is a Board member of an insurance public listed company.

Sayyid Zaki bin Hilal Al-Busaidi

Member

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Ibrahim bin Said Al-Eisri is the chief of private Market at Oman Investment Authority in the Sultanate of Oman.

He has more than 20 years of practical experience in a variety of sectors, including the telecommunications sector, oil and gas, and financial investments. He also holds a Master's Degree in financial sciences from Oxford Brooks University and is a member of the Association of Chartered Certified Accountants. He is a Chairman of Oman Water & wastewater services company and Board member of Bank Al Ahli.

Ibrahim bin Said Al-Eisri

Member

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Atif bin Said Al-Siyabi is the Chief Information Management at the Oman Investment Authority (OIA) in the Sultanate of Oman. His track record extends to more than 21 years in Information Technology and business transformation. His experiences vary from hands-on experience leading innovative technology solutions and system operations to transforming business operations and driving technological advancements. He is involved in various investment initiatives in the ICT sector, where he has been leading numerous assignments, devising comprehensive strategies, and delivering several ICT projects at the national level. He earned a Bachelor of Engineering in Computer Hardware and Networking Technology (Hons) from Coventry University and a Master of Business Administration from Franklin University. He also attained Professional Leadership Development Certificate from HEC Paris. He is a Board member of Bank Nizwa SAOG.

Atif bin Said Al-Siyabi

Member

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Musallam bin Mohammed Al-Barami is the Quality Assurance Manager at Oman Investment Authority in the Sultanate of Oman. He was Manager of Investment Reports & Data at the Ministry of Finance. He holds a Bachelor Degree in Financial Science from The Sultan Qaboos University. Further has IC3 International Certificate in Internet and Computer Science, and a Diploma in International Accounting from the Netherlands. He has extensive experience in financial analysis, budgeting, strategic investment and international financial reporting standards. He also represents the Government on the Boards and committees of some government companies.

Musallam bin Mohammed Al-Barami

Member

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Ishaq bin Zayed Al Maawali is the Head proprietary investment and corporate advisory at Bank Nizwa, held the position of Investment Manager at the Social Protection Fund. He holds a Master's Degree in Finance. He is a Board Member of Oman Cement Company SAOG, and Oman National Investments Development Company SAOC. He was a Board member of Shell Marketing Company SAOG.

Ishaq bin Zayed Al Maawali

Member

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Khalid bin Talib Al-Hasani holds a Master's Degree in Audit and Consulting Management in 2005, a Bachelor's Degree in Accounting in the year 1996, and a Professional Certificate in Internal Auditing (CIA) in 2004. He has more than 27 years of experience in financial management, investment and auditing.

Khalid bin Talib Al-Hasani

Member

Composition of the Board of Directors

The Board of Directors of the Company is composed of nine members; elected by the shareholders in Annual General Meeting held on 31 March 2024, as follows:

Name of Board Member Position in the Board Type of Representation Membership of other
Committees
Membership of Board of
other public Joint Stock Companies
Whether Attended
last AGM
Mulham bin Basheer Al-Jarf Chairman Non-Executive, Independent, Not shareholder 2 Yes
Khalid bin Abdullah AlKhalili Deputy Chairman Non-Executive, Independent, Not shareholder 1 2 Yes
Aimen bin Ahmed Al Hosni Member Non-Executive, Independent, Not shareholder 2 1 Yes
Sayyid Zaki bin Hilal Al-Busaidi Member Non-Executive, Non-Independent, Not shareholder 2 1 Yes
Ibrahim bin Said Al-Eisri Member Non-Executive, Independent, Not shareholder 2 2 Yes
Atif bin Said Al-Siyabi Member Non-Executive, Non-Independent, Not shareholder 2 1 Yes
Musallam bin Mohammed Al-Barami Member Non-Executive, Independent, Not shareholder 2 Yes
Khalid bin Talib Al-Hasani Member Non-Executive, Independent, Not shareholder 2 Yes
Ishaq Bin Zaid Al Maawali Member Non-Executive, Independent, Not shareholder 2 1 Yes

Election of the Board of Directors

Election of the member of the Board of directors are carried out by the Annual Ordinary General Meeting of the Company in accordance with the provisions of the Commercial Companies Law and the guidelines issued by the Financial Services Authority. If the office of a Director becomes vacant in the period between two annual ordinary general meetings, the Board appoints a temporary Director to assume his office until the next ordinary general meeting in accordance with the provisions of the Commercial Companies Law.

Board Performance Appraisal

The AGM of the Company held on 28 March 2019 decided to appoint an independent party to evaluate Board of Directors performance every three years. The AGM held on 31 March 2022 approved the appointment of KPMG to evaluate the performance of the Board of Directors.

Quality Assurance of Internal Audit Unit

In line with the requirement of the Financial Services Authority regarding internal audits (IA) of public shareholding companies, IA is regularly audited by independent party. We confirm that the IA is compliant with the legal controls and provisions and other rules governing the work of the IA profession as per the FSA requirements and is similarly generally compliant with the requirements of internal audit of the International Professional Practices Framework (IPPF) issued by the Institute of Internal Auditors (IIA).  

Meetings of the Board of Directors

The Board of Directors held 10 meetings during the year 2024. These were in the following order:

Board Meetings Date of the Meeting
1st Meeting 11 February 2024
2nd Meeting 7 March 2024 10 March 2024
3rd Meeting 30 March 2024
4th Meeting 25 April 2024
5th Meeting 15 May 2024
6th Meeting 10 June 2024
7th Meeting 13 August 2024
8th Meeting 4 September 2024
9th Meeting 14 November 2024
10th Meeting 18 December 2024

Member’s attendance at Board of Directors meetings:

Name of the Board Member Position Number of
Meetings
attended
Mulham bin Basheer Al-Jarf Chairman 10
Khalid bin Abdullah Al-Khalili Deputy Chairman 9
Aimen bin Ahmed Al Hosni Member 10
Sayyid Zaki bin Hilal Al-Busaidi Member 9
Ibrahim bin Said Al-Esiri Member 9
Atif bin Said Al-Siyabi Member 10
Musallam bin Mohammed Al-Barami Member 10
Khalid bin Talib Al-Hasani Member 9
Ishaq Bin Zaid Al Maawali Member 9
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