Al Maha Petroleum Products Marketing Company has won the prestigious ‘Best Finance Team of the Year’ award in the Oil and Gas category at the Oman CFO Forum. The award recognises the team’s outstanding contributions to financial performance, strategic growth, and operational excellence.
The Oman CFO Forum, held at the Oman Sheraton Hotel in Muscat, was graced by His Excellency Nasser Bin Khamis Al Jashmi, Chairman of the Tax Authority, as the chief guest. The event brought together top finance executives, industry experts, and thought leaders from across the Sultanate and beyond. It served as a platform for insightful discussions on key challenges, emerging trends, and fostering strategic partnerships to empower CFOs in driving innovation and unlocking sustainable growth opportunities.
Al Maha’s finance team played a pivotal role in the company's success, which contributed to winning the Best Finance Team of the Year award at the Oman CFO Forum. The team’s efforts focused on meeting and exceeding financial targets, achieving the highest net profits and the highest share prices among the fuel marketing companies in Oman. A strong emphasis was placed on profit growth, alongside implementing cost-saving measures and improving operational efficiency. One of the key reasons for receiving this award was the team’s commitment to innovation and efficiency, particularly through digital transformation. By automating routine tasks, centralising operations, and using advanced analytics for better decision-making, the team enhanced accuracy, reduced errors, and optimised resource allocation, leading to significant performance improvements."
In addition to their financial acumen, Al Maha’s finance team demonstrated exceptional foresight by leading the company's digital transformation efforts. By integrating cutting-edge technologies such as Robotic Process Automation (RPA) and cloud-based financial systems, the team improved efficiency and also enhanced the scalability and agility of financial operations. Their implementation of a digital finance dashboard enabled real-time monitoring of key metrics, empowering leadership to make data-driven decisions swiftly. This forward-thinking approach ensured that Al Maha remained adaptable in a rapidly evolving market, further cementing its position as an industry leader.
The finance team’s influence extended beyond financial metrics, playing a vital role in Al Maha's strategic initiatives such as market expansion and product diversification. The team guidance in launching high-margin product lines and non-fuel retail projects bolstered the company’s revenue and stability. Moreover, the team dedication to fostering collaboration and team development contributed to a strong work culture and continuous growth.
Hiriyanna Narayanaswamy, Chief Financial Officer of Al Maha, expressed his excitement: “I am absolutely thrilled and honoured to receive this prestigious award on behalf of our finance team. The team's leadership in finance acumen, risk management and compliance, along with a proactive approach to Environmental, Social, and Governance (ESG) initiatives, has truly demonstrated a commitment to sustainability and ethical business practices. This recognition is a testament to the team’s dedication and excellence.”
