Cover Story | OMA Group
Consolidation, Acquisition, Expansion:
An Year of All-round Growth for the OMA Group Omran Sultan Abdullah Al Owais - Chairman, OMA Group
From leveraging cuttingedge technology for a digital banking solution portfolio and a new hi-tech Head Office, to bolstering global presence through acquisitions, the OMA Group came all guns blazing to register a successful 2018. Omran Sultan Abdullah Al Owais, Chairman at OMA Group, shares the success story with The Integrator.
Could you elaborate on how this year has been so far for the company? 2018 has been very successful for us, as we have grown up to 48% this year with a net profit of around 30%. The successful growth of the company has led us to move into a new premise, taking possession of the entire building with all our companies working under one roof. Over the last six months we have decided to acquire all our minority shareholders in companies that we have invested over the past three years. We have already acquired two new companies and are in conversation with a few more as part of our expansion plan. On the solution front, OMA Emirates has focused on the recently introduced digital banking solution portfolio to improve customer experience and introduce different modes of banking services. This includes
16 | December 2018
OMA Emirates has focused on the recently introduced digital banking solution portfolio to improve customer experience and introduce different modes of banking services
solutions like digital wallets, mobile applications, instant account opening and card issuance kiosks, QR code and barcode payments, and biometrics to name a few. OMA Emirates has recently shifted to a new head office. Could you throw some light on this move? We have recently moved into our new office called ‘OMA House’ near King Faisal Mosque in Sharjah. It is spread over an area of 60,000 sq ft and can accommodate over 1000+ employees. We are consolidating the entire group into a single unit and all the companies under OMA Group will be under the same roof, thus having our global management office in UAE. This move is a part of our expansion strategy. It has helped in strategizing better and creating a healthier atmosphere in the office.