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In a red carpet awards evening at Ritz-Carlton Al Bustan Palace, Al Maha Ceramics SAOG was felicitated as one of the top performing companies in Oman during last financial year. This year was the the 6th edition of Alam al-iktisaad WalA'mal (AIWA) awards, the most high profile event of its kind, targeted at the business community in the Sultanate to recognize the top achievers in Oman's corporate world.
The event was graced by His Excellency Dr. Rashid bin Al Safi Al Huraibi, Chairman of the Tender Board, as Chief Guest; and His Excellency Eng. Ahmed bin Hassan al Dheeb, Undersecretary of the Ministry of Commerce and Industry, as Guest of Honour, and was attended by over 250 industry leaders and senior business persons.
Speaking on this occasion Mr Jitendra Marathe, Financial Controller, Al Maha Ceramics commented that "Despite growing competition and downcast overall economic environment in GCC, Al Maha Ceramics has achieved one of the best performances in terms of net profit margins, Return on capital employed and Return on equity in the product category in which we operate.
This is the second year in a row Al Maha Ceramics has been felicitated with AIWA award. This year we have been felicitated for being one of the best performing companies in Small Cap category. The Company has maintained its image in the market as a high quality manufacturer with differentiating products and innovative new designs. While many companies reported a significantly lower result vis-à-vis previous year, Al Maha could achieve a comparatively good result."
Al Maha Ceramics is committed to keeping abreast with the technological advancements in the field of Ceramic tile manufacturing which enables it to launch innovative products on a regular basis. The company has been a pioneer in Oman and GCC region in launching several products in the Digital Printed Digiplus range including Hexagon shaped high thickness exterior tiles, large format floor tile in 60x60 cm size & wall tiles in 30x60 cm size with the dry grinding technology.
Al Maha Ceramics strives to be a major ceramic tile manufacturing company in the GCC region and has been taking initiatives in launching differentiated products in the market. The company has a world class manufacturing facility for wall & floor tiles in Sohar and has a distribution network spread across the Oman, UAE, Saudi Arabia, Qatar, Bahrain, Lebanon, Jordan and Africa.
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© Press Release 2016
