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 |
Noor Mohamed Abdulrahman |
| Deputy |
Al Sayyid Munther Saif Hamed Al-Busaidi |
| Members |
Ibrahim Salem Abdulla Al Dhaheri
Munir Abdulnabi Makki
Rashed Saif Mohamed Al Mardoof Al Saadi
Omer Mohamed El Baqir Khalifa
Hamdi Mohamed Ahmed El Sayed |
The authorised share capital comprises 8.5 million shares of RO
1 each (2010: 8.5 million).
At 31 March 2011, the issued and paid up share capital comprised
6.9 million shares of RO 1 each (6.9 million shares of R.O 1 each
at 31 March 2010).
At 31 March, shareholders owning more than 10% of the Company's
share capital are as follows:
| Number of
shares |
| . |
31 March 2011 |
31 March 2010 |
| Civil Service Employees Pension
Fund |
830,516 |
- |
| ABS Lubricants |
2,760,000 |
2,760,000 |
