Oman Vision 2040 creating game-changing opportunities for the private sector

Muscat - The Board of Directors of Oman Cables Industry (OCI), the leading cable solutions provider in the Sultanate of Oman, had the distinct honor of welcoming, Haitham Salim Al Salmi, Chief Executive Officer of Muscat Stock Exchange, as the Guest of Honor at a session with the Board of Directors, recently.

The session underscored the significance of sustainability and ESG initiatives in the evolving landscape of the exchange market.
During the session, Mr. Al Salmi shared the economic outlook for Oman’s market, emphasizing the integral role of ESG considerations for listed companies and the broader financial ecosystem. Following his address, participants engaged in a session on Sustainability and ESG, led by a distinguished international professor specializing in Sustainability, Environmental, and Climate Economics.

Mr. Haitham Al Salmi, the Chief Executive Officer of Muscat Stock Exchange and the Chairman of Muscat Clearing and Depository Company, stated:  “Oman Vision 2040 is creating game-changing opportunities for the private sector in terms of privatization programs, economic growth and diversification, and the development of the financial sector.” Mr. Al Salmi added that Oman Vision 2040 is transformative, and developing the capital market is a cornerstone of the MSX program and strategic objectives, moving towards sustainable growth and ESG implementation. He appreciated the actions and efforts of OCI, especially in terms of ESG structure, quality, and voluntary disclosure to the market, recognizing it as an exemplary manufacturing company in the Sultanate.

Ms. Cinzia Farisè, the Chairperson of the Board of Directors of OCI, expressed her gratitude to Mr. Al Salmi for his participation and for exchanging valuable knowledge and perspectives. “This is a special moment for the Board of Directors of OCI. With the support of its strategic partner, OCI is continuously equipping itself with the knowledge, expertise, insights, and international best practices needed to continue leading as a role model towards lasting success.

OCI’s consistent efforts and ambitions in sustainability and ESG, along with its ongoing commitment to creating a diverse and resilient economy, driving technological advancement, innovation, and equal opportunities, exemplify responsible change in the market. This approach aligns with the company's vision for sustainable growth in the manufacturing industry and its commitment to play a responsible role in contributing to Oman Vision 2040 and net zero by 2050,” Ms. Farisè added.