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About us :
Dhofar International
Development & Investment
Holding Company S.A.O.G
(DIDIC) was formed on 9
December 1987 by the
Ministerial Decree
NO.127/87 and registered
in the Sultanate of Oman
as a Public Joint Stock
Company. The current
paid up capital of the
company is RO
20
million (US$
51.85
million) and the
authorized capital is RO
50 million (US$
129.9
million). The company
shareholders include,
mainly local
investors-individuals
and businessmen-the
major financial and
business houses, pension
funds, insurance
companies, banks and the
various stock dealing
companies together with
some GCC and foreign
investors. The company
is quoted on the Muscat
Securities Market (MSM)
and its shares are
actively traded.
Currently, the Company
is considered as one of
the largest investment
companies in Oman, and
its main activity is
investment in all
economic and business
sectors including new
projects and existing
activities .
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Objectives of the
Company:
The company broad
objectives are promotion
of economic and
industrial development
in Oman through
investment in various
viable investment
projects of all sectors
while maximizing returns
to its shareholders. In
addition to the economic
objectives, the company
contributes in
enhancement of
education, training and
creation of employment
opportunities for Omani
citizens . Based on the
previous achievements,
the company is presently
adopting a comprehensive
medium term strategy
that has been prepared
by an international
consultant. The strategy
aims at further
activation and
enhancement of the
company activities and
performance through
promotion of the staff
efficiency, expansion
and diversification of
the investment
structure, and
completion of the
manuals and the internal
systems. |
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Performance of the
Company
:
Industrial and
Economic Development:
Since its inception
DIDIC focused on
diversification of its
activities to cover
various economic fields,
and accordingly
established a bank in
Oman , a financial
services company,
insurance company and
tourism company, |
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it played an essential
role in the development
of Salalah Port. Also,
the company has an
important role in the
inception of a host of
factories and industrial
plants in the Sultanate.
It actively contributed
in the establishment of
a university in Dhofar
Governorate in addition
to its keen interest to
participate in the
development of Salalah
Free Zone. Also, DIDIC
contributed, along with
other investors, in the
establishment of a
private power generation
project in Salalah.
DIDIC played the above
roles because of the
benefits of the realized
contributions in the
development of the
country and generation
of good returns to the
investors. |
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Growth and profits:
Since its inception
nineteen years ago DIDIC
has achieved high annual
profits and never
suffered a loss,
accordingly investors
were tempted to acquire
its share on permanent
basis.
Up to 2005 the company
managed to reward its
shareholders with cash
dividends totaling RO
28.354 million, in
addition to 10% bonus
shares during 1998 and
21.21% in 2005 .
The total assets of the
company at 31 December
2005 stood at RO 98.869
million and shareholders' fund
at RO 89.744
million . |
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