Al Haitham Investment was established in Muscat, Oman to address the Venture Capital community in the MENA region. The government-led initiative seeks to invest in Venture Capital funds that will invest directly – or that have a strategic interest – in the MENA region, at seed, early and growth stages of funding.
The expertise and commitment behind the Al Haitham Investment team allows for a unique platform for Venture Capitalists. Not only are they granted access to Al Haitham Investment’s portfolio of Venture Capital managers and limited partners, but they also gain access to a trusted partner, offering general ecosystem support in Oman, including partnership opportunities and networks.
The Al Haitham Investment leadership will not only manage the fund and its returns, but also focus on an overall strategic impact for Oman through Venture Capital funding. The investment period is five years with a fund term of 10 years with two possible extensions of one year each from its close on April 30th, 2022.
With a sector focus on technology, Al Haitham Investment will encourage start-ups to flourish by supporting Venture Capital investors, making Oman and the wider region a hub for a dynamic technology ecosystem. Investment decisions are made by the Al Haitham Investment Advisory Board, which includes private and public sector.
We are committed to the best practice in corporate governance. We do our business with professionalism, transparency, integrity and high work ethics. The Board of Directors, assisted by the Executive Management and the Internal Audit & Risk Team, ensure that corporate governance is applied in all business processes, activities and operations.
The Board of Directors operates under the directives of Aaisha Abdallah Salmeen Al-Mamari, Board Chairman. The Board is responsible for reviewing and approving the corporate business strategy. The Board applies appropriate controls and ensures that the corporate governance practices are fulfilled.
The Executive Management reviews all investments and ensures a balance between risks and returns. It assesses internal controls, ensuring objectivity, independence and cost-effectiveness, and recommends appropriate improvements.
Group Internal Audit & Risk assists Shareholders, Board of Directors and Executive Management in discharging their duties of overseeing and enhancing group operations. This is achieved through independent audits and consultations designed to evaluate and enhance the internal control system. Group Internal Audit & Risk reports to Board as well as Shareholders. Operations of Group Internal Audit are governed by “International Standards for the Professional Practice of Internal Auditing”.
We assess all risks associated with our business and investments and develop plans to prevent any losses and damages at the Group level including subsidiary and affiliate companies.
Our system of internal control has a key role in ensuring that the Board and Management are able to achieve the Company’s business objectives, as well as safeguarding the Company’s assets
Our management and employees adhere to our Code of Conduct, which covers general business principles, compliance, privacy and confidentiality.
For those who wish to make a difference in today’s fast growing business world; we, at Al Haitham Investment, have the aspiration to achieve world standards of business performance. It is our policy to attract candidates with high qualifications and experience, and we are committed to providing a healthy and challenging work environment which contributes to employees’ professional and personal growth.
Our team is highly motivated and hard working. Every person who works at Al Haitham Investment makes a difference in the company’s business.
