CMA values Omantel's initiative that is setting a trend for Oman's corporates, al Jabri says

The launch of the report enhances the transparency of Omantel , Al Rawas says

Muscat, June 4  2013

Omantel announced today the launch of its first 'Sustainability Report' at a special gala that was held at Omantel HQs under the auspices of His Excellency Yahya bin Said al Jabri , Chairman of Special Economic Zone at Duqm (SEZD) Authority and Chairman of the Capital Market Authority (CMA). A number of VIPs and senior executives attended the event.

The theme of the first sustainability report "Because We Care',  mirrors Omantel's  commitment to all stakeholders. This report, which is the first of its kind in the telecommunication sector in the Sultanate, was developed in accordance with the Global Reporting Initiative (GRI) framework, version 3.1.

Commenting on the launch , Yahya bin Said al Jabri , Chairman of Special Economic Zone at Duqm (SEZD) Authority and Chairman of the Capital Market Authority (CMA) said ' No doubt that the launch of this report mirrors the sincere efforts made by Omantel to achieve more transparency and openness in communication with the different stakeholders. The move will enhance the confidence of all stakeholders in the company businesses and operations.

'CMA encourages all companies especially those listed with Muscat Securities Market to follow the same trend. In this connection, CMA has given instructions to all MSM listed companies that they should include a minatured report on the CSR activities carried out by each company in the annual reports represented to the shareholders at the end of the financial year. By publishing such integrated sustainability report, Omantel has become the leaders in the field and is setting a trend for Oman's corporates, he added.

The launch ceremony included a presentation by Dr. Amer bin Awadh Al Rawas Chief Executive Officer of Omantel on the major themes covered by the report namely ' We are at Omantel , we are Growing ,we are Caring and we are Together.

Commenting on the launch Dr. Amer al Rawas said ' It is a pleasure today to launch the first sustainability report 2012, which is also the first of its kind in the telecom sector in the Sultanate. The report showcases the company's commitment to transparency and enhancing communication with the different stakeholders.
 
'We are proud of our history, and as the largest national telecommunications company, we look towards the future with confidence; and we will continue to ensure that our growth is sustainable, based on careful consideration of the impact of our business operations on all stakeholders, including the society and the environment, he added.

'Over the years, Omantel has embarked on a series of landmark corporate social responsibility (CSR) initiatives, in line with the national objectives of connecting the nation and promoting digital literacy. We are the technology partner for the Information Technology Authority's(ITA) National PC initiative, and we have also committed to expand our network to include remote villages throughout the country. Furthermore, last year we instituted the Omantel Business Excellence Awards, aimed at supporting small and medium enterprises throughout the country, he furthered.

Commenting on the role played by Omantel staff, Al Rawas said ' Our employees have been an absolutely critical enabler for our achievements, and, going forward, we will further enhance their conditions to succeed. We strive to be a learning organization, which provides opportunities for growth as part of an engaging, rewarding and performance-based culture. Choosing 'Because we care' as a title for the report reflects our endeavors to meeting the interests of all stakeholders', he concluded.

The report will be published annually to advise all stakeholders of the company economic, social and environmental initiatives. An electronic copy of this report is available at the company website www.omantel.om
 
Omantel is the pioneer provider of leading edge telecommunications services in the Sultanate of Oman connecting individuals, enterprises and government across the country through a state-of-the-art network. By offering unmatched range of innovative products and after-sales service, Omantel is the market leader. Omantel is listed on the Muscat Stock Market and trades under the name OTL.OM. For more information, please visit our website www.omantel.om, meet us in one of our shops or call 1234.
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For more information
Muna al Ma'amari
Manager Press and Media
Omantel
Tel # 0096824242743
Fax # 0096824240111
GSM#0096899254436
Email muna.maamari@omantel.om

© Press Release 2013