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.
Despite the implications of the regional crisis, 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 that is expected to witness unprecedented growth in all economic sectors.
Finally, on behalf of myself and the Board of Directors, I would like to extend my thanks and gratitude to H. H. Sheikh Tamim Bin Hamad Bin Khalifa Al-Thani – Emir of the State of Qatar, H. M. Haitham bin Tariq Al Said – Sultan of Sultanate of Oman, H.E Sheikh Mohammed bin Abdulrahman bin Jassim 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.
Khalid Sultan Khalifa Al Rabban
Chairman