{"id":5417,"date":"2022-11-22T08:51:28","date_gmt":"2022-11-22T08:51:28","guid":{"rendered":"https:\/\/omancables.com\/?p=5417"},"modified":"2026-11-12T10:58:48","modified_gmt":"2026-11-12T10:58:48","slug":"oman-cables-celebrates-sultanates-national-day-with-renewed-commitment-to-employees-through-inclusive-share-ownership-plan","status":"publish","type":"post","link":"https:\/\/omancables.com\/ar\/oman-cables-celebrates-sultanates-national-day-with-renewed-commitment-to-employees-through-inclusive-share-ownership-plan\/","title":{"rendered":"Oman Cables Celebrates Sultanate\u2019s National Day with Renewed Commitment to Employees Through Inclusive Share Ownership Plan"},"content":{"rendered":"<div class=\"et_pb_section_0 et_pb_section et_section_regular et_block_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\"><div class=\"text-columns-container js-animate js-animated\" data-animation-type=\"top-opacity\">\n<h3 class=\"subtitle font-h7 font-family-general font-bold font-black\">November 2022, Muscat, Oman<\/h3>\n<\/div>\n<div class=\"text-columns-container js-animate js-animated\" data-animation-type=\"top-opacity\">\n<div class=\"columns-container\">\n<p class=\"description font-p\">\u2022 Targeting a wide employee base with a focus on blue-collar workers, Oman Cables\u2019 share-based plan will serve as a core driver to improve employee engagement<\/p>\n<p class=\"description font-p\">\u2022 The plan is part of Oman Cables\u2019 &#8216;Empowerment, Innovation and Excellence\u2019 vision, which extends from its products and services to the opportunities available to its workforce<\/p>\n<p class=\"description font-p\">\u2022 Company also has achieved Omanisation rate of 50% ahead of the targeted period<\/p>\n<p class=\"description font-p\">Muscat: Oman Cables Industry (OCI), Oman\u2019s leading manufacturer of energy cables and innovative service provider, celebrated the 52nd Oman National Day demonstrating a renewed commitment to employees by rolling out a company share-based variable remuneration and profit-sharing plan. This scheme is rolled out by Prysmian Group \u2013 the strategic partner of OCI \u2013 and is based on an on\/off condition in achieving specific local and regional target, awarding the employees with receiving Prysmian Group shares.<\/p>\n<p class=\"description font-p\">Targeting a wide employee base with a focus on blue-collar workers, OCI\u2019s share-based plan will serve as a core driver to improve employee engagement, foster a sense of belonging, encourage employees to excel in their roles and maintain alignment with Prysmian Group\u2019s framework for future success while promoting stability. The plan is part of OCI\u2019s &#8216;Empowerment, Innovation and Excellence\u2019 vision, which extends from its products and services to the opportunities available to its workforce.<\/p>\n<p class=\"description font-p\">Cinzia Faris\u00e8, CEO of Oman Cables, said: \u201cThe launch of our people-centric, profit-sharing plan comes in recognition of our employees\u2019 commitment to OCI and its culture, as we find new ways to reward our most integral asset through corporate diversity and inclusive value creation. We are confident that, by ensuring the involvement of all calibres in incentive-based initiatives, we can sustain innovation and safeguard the interests of all stakeholders, from employees to shareholders.\u201d<\/p>\n<p class=\"description font-p\">Created in line with Prysmian Group\u2019s Social Ambition 2030 goal of having 50% of employees as shareholders, OCI\u2019s newest stock ownership plan will see eligible employees opt to convert some, or all, their monetary or production bonuses in company shares, incentivising participation and reinforcing increased engagement in the Group\u2019s performance. Enrolled OCI employees will receive a percentage of their monetary entitlement, a predetermined, countervalue equal to shares calculated on an annual and individual basis in accordance with bonus amounts.<\/p>\n<p class=\"description font-p\">Guided by a vision of \u2018Empowerment, Innovation and Excellence\u2019, OCI has also recently launched SHE STEMS in support of Omani women. The manufacturer welcomed 20 female students for the programme, which aims to build the capabilities of Omani women within STEM (Science, Technology, Engineering and Mathematics) sectors. Created in collaboration with the Oman Ministry of Higher Education (MOHE) and the Ministry of Labour (MOL), SHE STEMS seeks to create more opportunities for Omani women to pursue careers in the industrial sector, helping build a diversified economy in line with Oman Vision 2040.<\/p>\n<p class=\"description font-p\">OCI has achieved an Omanisation rate of 50% in Q3 2022 ahead of the target date. To mark Oman National Day, the company celebrated this special day with its employees through a gathering with traditional activities at the regional headquarters, showcasing Omani culture and the Sultanate\u2019s rich heritage and abundant traditions.<\/p>\n<\/div>\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":7,"featured_media":5418,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-5417","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 Celebrates Sultanate\u2019s National Day with Renewed Commitment to Employees Through Inclusive Share Ownership Plan - 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