logo
The Zubair Corporation appoints Fahad Al Bulushi as Group Chief Financial Officer

The Zubair Corporation appoints Fahad Al Bulushi as Group Chief Financial Officer

Zawyaa day ago
Muscat – The Zubair Corporation, one of Oman's most respected and diversified business groups, is pleased to announce the appointment of Fahad Al Bulushi as its new Group Chief Financial Officer (Group CFO).
Bringing over 25 years of experience in Finance, Investment, and Executive Leadership, Fahad takes this role at a strategic time in the Group's continued transformation journey. He has held key positions including Acting CEO and COO at Taageer Finance Company, Group CFO at Oman National Investment Development Company 'TANMIA' and served in senior leadership roles at BankMuscat (Oman, Kuwait, and Saudi) and at Oman LNG as well.
Commenting on the appointment, Niels Bormans, Group CEO of The Zubair Corporation, said, 'We are delighted to welcome Fahad to the leadership team. His deep expertise in Financial Strategy, Governance, and Investment Management will be instrumental as we continue to build sustainable value across our portfolio of companies.'
In addition to his executive roles, Fahad has held Board positions at several major organisations including SalamAir, BAUER Nimr, Al Meera Markets, Al Bashayer Meat Company, and Oman Fisheries, contributing to Corporate Governance, Financial Performance, and sectoral growth across Aviation, Food Security, and Industry.
Fahad is a Fellow member with the Association of Chartered Certified Accountants (ACCA) and holds a bachelor's degree in commerce & economics from Sultan Qaboos University. He is also an alumnus of the IMD Business School, where he completed the Foundations for Business Leadership program.
Speaking on his appointment, Fahad shared, 'It is a great honour to join The Zubair Corporation, a group with such a proud legacy and strong future vision. I look forward to collaborating with our teams across all verticals to ensure financial excellence and long-term strategic growth.'
Fahad's appointment marks a significant addition to The Zubair Corporation's executive leadership, strengthening its capacity to navigate evolving market dynamics and deliver on its ambitions across the Sultanate and beyond.
For more than five decades, The Zubair Corporation has been working to attract new expertise and innovations from around the world to the Sultanate and other markets in which it operates. It was one of the major institutions that contributed to establishing infrastructure at the national level, in addition to its pivotal role in the culture, tourism and industry sectors in their various fields. The Zubair Corporation includes a diverse group of distinguished companies, strategic business units and joint projects that spread alongside the Sultanate of Oman and other countries in the Middle East region.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

UAE, Saudi Arabia drive $59b merger surge in Middle East
UAE, Saudi Arabia drive $59b merger surge in Middle East

Khaleej Times

time30 minutes ago

  • Khaleej Times

UAE, Saudi Arabia drive $59b merger surge in Middle East

The Middle East and North Africa's mergers and acquisitions (M&A) landscape showed remarkable momentum in the first half of 2025, with the UAE and Saudi Arabia continuing to lead the region's deal value. According to the latest EY Mena M&A Insights report, a total of 425 deals worth $58.7 billion were recorded in H1 2025, marking a 31 per cent increase in volume and a 19 per cent rise in value compared with the same period last year. The UAE and Saudi Arabia together attracted $27.9 billion in investments, reinforcing their status as the twin anchors of the region's deal-making ecosystem. The UAE accounted for $25.4 billion of this figure, underscoring its position as the top destination for international investors, while Saudi Arabia drew $2.5 billion, reflecting its growing role in diversifying beyond oil and into sectors such as chemicals, technology, industrials, and real estate. The combined contribution of these two Gulf economies amounted to nearly half of all deal value in the region, demonstrating their pivotal role in shaping the MENA investment landscape. The period was characterised by an unprecedented surge in cross-border transactions, which climbed to a five-year high. Cross-border deals accounted for 233 out of the 425 total transactions, with a combined value of $45.9 billion. This represented 55 per cent of total deal volume and 78 per cent of overall value. Chemicals and technology were the standout sectors, together contributing 67 per cent of cross-border deal value. The largest deal was the $16.5 billion acquisition of a 64 per cent stake in Borouge by Borealis AG and OMV AG, underscoring the appeal of the UAE's industrial and chemicals sector to international capital. Analysts point out that this surge in activity reflects the region's resilience and adaptability amid global headwinds. 'The positive performance in the first half of 2025 underscores the strength, dynamism, and resilience of Mena's M&A market,' said Brad Watson, Mena EY-Parthenon leader. 'We are witnessing record-breaking cross-border activity as investors look beyond short-term volatility, actively pursuing scale, innovation, and new market opportunities. The UAE, in particular, remains a magnet for global capital, supported by a stable regulatory framework and a focus on economic diversification, while regional partnerships with Europe, Asia, and North America are opening doors to fresh growth channels.' Domestic and inbound M&A also saw strong gains. Domestic deals accounted for 192 transactions worth $12.8 billion, representing 45 per cent of total volume and 22 per cent of total value, nearly doubling year-on-year. Diversified industrial products and technology were the primary drivers. The largest domestic deal was Abu Dhabi-based Group 42's $2.2 billion purchase of a 40 per cent stake in Khazna Data Center, highlighting continued investor appetite in the digital infrastructure sector. Inbound activity rose sharply, with 107 deals worth $21.5 billion, an increase of 53 per cent in volume and more than threefold in value from $6.4 billion in H1 2024. The UAE was again the standout performer, accounting for 50 per cent of inbound deal volume and an overwhelming 98 per cent of inbound value. Austria emerged as the leading investor, contributing 77 per cent of inbound deal value, driven largely by the Borouge chemicals sector transaction. Outbound deal-making also grew steadily, with 126 transactions valued at $24.4 billion, up 30 per cent in volume from the previous year. The UAE and Saudi Arabia were central players, together accounting for 87 per cent of outbound value. Prominent deals included Adnoc and OMV AG's acquisition of Canada's Nova Chemicals and Saudi Aramco's $3.5 billion purchase of Primax in South America, illustrating how Gulf energy and industrial champions are extending their global footprint. A key feature of the first half was the significant role of sovereign wealth funds and government-related entities, which contributed $21 billion across 54 deals. Entities such as the Abu Dhabi Investment Authority (Adia), Public Investment Fund (PIF), and Mubadala were highly active, focusing on chemicals, technology, and industrial sectors that align with long-term national diversification agendas. Anil Menon, Mena EY-Parthenon head of M&A and Equity Capital Markets leader, noted that the region's fundamentals remain highly attractive for investors. 'Mena's deal-making continues to thrive in 2025, reflecting investor confidence in the region's long-term fundamentals. Stable oil prices, ongoing infrastructure development, and a strategic focus on technology, chemicals, and industrials are creating solid foundations for sustained activity.'

Oman issues consultancy tender for Duqm fisheries and food industrial zone expansion
Oman issues consultancy tender for Duqm fisheries and food industrial zone expansion

Zawya

timean hour ago

  • Zawya

Oman issues consultancy tender for Duqm fisheries and food industrial zone expansion

Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) has issued a consultancy tender for the Oman Fisheries & Food Industrial Zone at the Special Economic Zone at Duqm (SEZAD). The contract covers technical review and detailed design of roads and utilities for the zone's master plan. 'Bids must be submitted by 28 August 2025, with an award anticipated in November 2025,' a source aware of the details said, adding that the project is scheduled for completion in the second quarter of 2027. Pre-qualified bidders include Almanarah Engineering Consultancy, Haskoning International Engineering Consultancy, ISAG Consulting Engineers, Surbana Consultants (Dubai branch), Ibrahim Jaidah Architects and Engineers (IJAE), Khatib & Alami, and National Engineering Office. In November 2024, the state-owned Oman News Agency said in a report detailed master plan for the first phase of the expansion of the Fish and Food Industries Zone has been finalised, and work is underway to award contracts for internal roads and infrastructure development. (Reporting by Deva Palanisamy; Editing by Anoop Menon)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store