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Shell Oman AGM outlines Company’s growth plan

Shell Oman Marketing Company SAOG held the Annual Ordinary General Meeting (AGM) of its shareholders to deliberate the financial results of the company for the year ended 31st December 2009. Shell Oman achieved unprecedented financial results recording the highest ever net profit of RO13.02 million compared to RO12.5 million in 2008.

The AGM approved all the items on the Agenda including the recommendation of the Board of Directors to distribute cash dividend at the rate of 120 Bz per share of the company for the financial year ended 31 December 2009.

The AGM also endorsed Shell Oman Board's proposal of an investment in excess of 6 million Omani Rials in a new project that is designed to review its total operational processes  with the intention of having simpler, common processes and operational excellence, through which the company will be able to deliver ‘exceptional basics’ for all its stakeholders, complimenting these operational initiatives, the company aims to install the latest IT based solutions as pillars to the new operational processes. Having already been implemented successfully in more than 20  countries in different  Shell operations, this pioneering initiative will  help Shell Oman offer their customers and business partners global standards in services. The initiative will set a new benchmark in the industry enabling Shell Oman to further consolidate its leadership position and concentrating on growth opportunities. Operational excellence has always been the hallmark of Shell Oman and this initiative is another step in that direction.

“We stand for reliability and best value. These investments will help us in our constant endeavour to drive operational efficiency and exceptional service to all our stakeholders. It will make Shell Oman the best place to develop talents and do business with.” Faisal Al-Hashar – Managing Director of Shell Oman commented.