Investors

Investors

In September 1999, the Al Maha Marketing Division was formally separated from Oman Refinery Company and established as an independent entity Al Maha Petroleum Products Marketing Company SAOG to exclusively distribute Petroleum Products to meet the increasing domestic demand for fuel throughout the Sultanate.

In December 1999, Al Maha officially signed on a partnership with Abu Dhabi based ABS Lubricants to manage the newly instituted company with a 65 percent stake by the Government of the Sultanate of Oman and 35 percent by the Abu Dhabi based company ABS Lubricants. In March 2004, Al Maha was converted from a limited liability company to joint stock company following the decision of the Ministry of Oil and Gas and Central Bank of Oman to divest their 65 percent stake in the company by offering 60 percent to the public and 5 percent to ABS Lubricants.

Board Information

Chairman Dr.Juma Ali Juma Al-Juma
Deputy Chariman Mr.Gamal Aly Aly Al-Gamal
Members Mr.Saleh Nasser Juma Al-Araimi
Mr.Saif Salim Saif Al-Harthi
Mr.Mohammed Ali Said Al-Qassabi
Mr.Sultan Khalifa Saleh Al-Tai
Mr.Hamed Salim Hamed Al Maghdri

Management Information

CEO Mr.Mohammad Fareed Hussain Al-Darwish

At 31 December 2015, the issued and fully paid up share capital comprised 69 million shares of RO 0.100 each (31 December 2014: 69 million shares of RO 0.100 each).

At 31 December 2015, shareholders owning more than 10% of the Company's share capital are as follows:

Shareholder's Name % of shareholding Number of shares held
1-Civil Service Employees Pension Fund 13.20% 9,109,824
2-ABS Lubricants 40.00% 27,600,000
Financial Statements

Financial Statements

Despite the prevalence of low oil prices and the challenges it offers and the cost push pressures resulting from subsidy reforms, our Company continues to focus on growth and remain positive about future prospects...

Performance

In 3rd Quarter of 2016 total sales (Jan-Sep) has increased to RO 294.9 million from RO 262.4 million, an increase of RO 32.5 Million (12%)...

Investors

News

  • Replacement of Director16.11.16
  • Unaudited Financial Statement for the period Jan-Sep 201625.10.16