- Group CEO of Ominvest
OMINVEST has formed three strategic verticals to work towards achieving the company’s vision of becoming an eminent investment group in the MENA region with significant global reach and impact. These verticals comprise (i) Strategic Businesses, (ii) Global Capital Markets Investments, and (iii) Investment Banking and Private Equity.
Transforming Businesses to Enrich Societies
Our purpose aligns with our strong belief that business can be a significant catalyst for creating scalable economic, social and environmental value. It provides clear direction for our daily actions; unites our people together; and guides us towards fulfilling our vision.
We transform businesses in ways that contribute to their growth and excellence. In addition to providing our affiliate companies with growth capital, we work closely with them to build their operational and technical expertise. We support them in expanding their portfolios of products and services; we assist them in accessing new markets; and we push our management teams beyond their comfort zones and encourage them to think outside the box and innovate.
We strongly believe in the important role of business in enriching societies; our investment philosophy underpins that belief. Through our portfolio companies we provide societies with valuable services and solutions. We help create jobs, nourish talents, build expertise, foster innovation,
encourage knowledge exchange, embrace ESG best
practices, and support local communities.
AbdulAziz Mohammed Al Balushi is the Group CEO of Oman International Development and Investment Company SAOG (OMINVEST). With over 34 years of professional experience, AbdulAziz has extensive and in-depth knowledge of the global financial services industry.
Since joining OMINVEST in 2014, AbdulAziz together with the Management Team transformed the Company by implementing the new Vision set forth by the Board of Directors, formulating a new organizational culture, structure, and policies. Under the leadership of AbdulAziz, the Management Team successfully accomplished the merger between OMINVEST and ONIC Holding, creating the largest publicly listed investment company in Oman. AbdulAziz and the Management Team were also responsible for several key initiatives at OMINVEST, such as, the IPO of its flagship insurance company National Life; the development of its iconic headquarters OMINVEST Business Centre; the merger of National Finance and Orix Leasing Company; Capital Raising initiatives such as the issuance of perpetual bond for OMINVEST; and the merge of Oman Arab Bank with Alizz Islamic Bank, which led to Oman Arab Bank’s listing on the Muscat Stock Exchange and becoming an SAOG.
Prior to joining OMINVEST, AbdulAziz was the CEO of Ahli Bank SAOG from 2007 to 2013 and was primarily responsible for converting a single-product mortgage bank into a full-fledged commercial bank with assets of over US$ 3 billion and equity of over US$ 450 million. In November 2012, AbdulAziz was ranked “Second Best CEO in the Arab Banking World” by Forbes Middle East. In April 2019, he was conferred the “CEO of the Year” Award at the Oman Banking & Finance Awards by Oman Economic Review.
AbdulAziz holds a Master of Science Degree in Finance from the University of Strathclyde (UK) and is a Fellow of Chartered Institute of Bankers (UK). AbdulAziz served at various Boards across the Sultanate and as an Advisory Board Member in the college of Agriculture and Marine Services at Sultan Qaboos University.
Currently, AbdulAziz is the Chairman of Oman Real Estate Investments and Services SAOC and Salalah Resorts SAOC. He is Deputy Chairman of Jabreen International Development Company SAOC; and a Board member at Oman Arab Bank SAOG, National Finance Company SAOG and National Life and General Insurance SAOG. Additionally, he is a member of Oman American Business Centre, an organization formed to foster the development of commercial activity between the United States of America and the Sultanate of Oman. He is also a Fellow of the Institute of Financial Services, an organisation supporting professionalism in Financial Services.