{"id":5315,"date":"2024-03-25T07:06:57","date_gmt":"2024-03-25T07:06:57","guid":{"rendered":"https:\/\/omancables.com\/?p=5315"},"modified":"2026-11-12T08:33:06","modified_gmt":"2026-11-12T08:33:06","slug":"oman-cables-new-board-of-directors-appointed","status":"publish","type":"post","link":"https:\/\/omancables.com\/ar\/oman-cables-new-board-of-directors-appointed\/","title":{"rendered":"OMAN CABLES: NEW BOARD OF DIRECTORS APPOINTED"},"content":{"rendered":"<div class=\"et_pb_section_0 et_pb_section et_section_regular et_flex_section\">\n<div class=\"et_pb_row_0 et_pb_row et_pb_gutters3 et_block_row\">\n<div class=\"et_pb_column_0 et_pb_column et_pb_column_4_4 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\">\n<div class=\"et_pb_text_0 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module\"><div class=\"et_pb_text_inner\"><h2 class=\"wp-block-heading\"><span>The Annual Shareholders Meeting approved the 2023 financial results.<\/span><br \/><span>Strong performance driven by Innovation for Sustainability.<\/span><\/h2>\n<p class=\"description font-p\">Muscat, 25 March 2024 \u2013 The Annual General Meeting of Oman Cables Industry (OCI), the leading cable solutions provider in the Sultanate of Oman, approved the financial results for 2023 with a turnover of OMR 248.17 million and a net profit of 18.93 million OMR, marking a 69.4% increase compared to the last year.<\/p>\n<p class=\"description font-p\">More than a cable producer, the Company capitalized on its leading position as a technological enabler of the energy transition, aiming to anticipate the needs of its customers, by strengthening its engagement with suppliers and focusing on continuous innovation, leveraging on technological and industrial leadership to amplify the positive impact that it can generate for the community.<\/p>\n<p class=\"description font-p\">The Annual General Meeting also elected the Board of Directors, a renewed board covering a broad spectrum of international skills, educational background, professional qualifications, experience and expertise strengthening the robust corporate governance framework.<\/p>\n<p class=\"description font-p\">The Board of Directors is leaded by Cinzia Faris\u00e8 as the Chairperson. Cinzia Faris\u00e8 has a long track record of board membership and chairmanship in various multinational companies, in addition to being a member of the Advisory Board of Sultan Qaboos University of Oman, College of Engineering. She served as the Chief Executive Officer at Oman Cables and as Regional Chief Executive Officer at Prysmian MEART \u2013 Middle East, Africa, Turkey, Russia and India, before moving to her global role as the Executive Vice President Power Grids at Prysmian Group. As a woman, she is the first Chairperson leading a manufacturing listed company in Oman.<br \/>As a Vice Chairperson, Mohamed Al Lawati will continue to bring a set of professionalism and experience in the Sultanate, also previously being the Vice Chairperson of the Board of Directors at Oman Cables.<br \/>Newly elected, Sayyid Shabib Al Busaidi joins the Board of Directors as a professional in the fields of finance, strategic planning, statistics, actuarial studies and social insurance schemes.<br \/>In addition, Laura Figini continues to be a Member of the Board of Directors of Oman Cables, bringing international expertise in finance, acquisitions and human capital.<br \/>With huge experience in leadership of human capital, change management and post-merger integration processes across the borders and different cultures, Fabrizio Rutschmann continues to be a Member of the Board of Directors, offering strong support in governance matters, succession planning, remuneration, sustainability and diversity, equality and inclusion. Yasser<\/p>\n<p class=\"description font-p\">Al Rashdi also maintains his Board membership in Oman Cables, bringing more than two decades of experience in the field of investments, accounts and finance.<\/p>\n<p class=\"description font-p\">In addition, Ian Prescott joins the Board of Directors, with more than 30 years of international experience in managing multi-billion-dollar businesses and projects, spanning across the oil &amp; gas, petrochemical, mining, power and water industries, served in executive and Board positions for various multinational private and publicly listed companies.<\/p>\n<p class=\"description font-p\">Cinzia Faris\u00e8, the newly appointed Chairman of the Board of Oman Cables, commented: &#8220;During the recent years Oman Cables was showing continued growing results and a robust financial performance. The strong focus on differentiation was paying, and the significant increase in profitability is the result of a clear strategy aiming to support the ongoing energy transition, within the frame of Oman vision 2040. Our unwavering commitment is to elevate the shareholder and stakeholder value further.\u201d<\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":7,"featured_media":5318,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-5315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>OMAN CABLES: NEW BOARD OF DIRECTORS APPOINTED - Oman Cables<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/omancables.com\/ar\/oman-cables-new-board-of-directors-appointed\/\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OMAN CABLES: NEW BOARD OF DIRECTORS APPOINTED - 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