Omar has over 20 years of leadership experience across strategic sectors including logistics, ports, infrastructure, insurance, and corporate transformation. He currently serves as Chief Executive Officer of Asyad Ports and Freezones, where he leads operations that contribute to strengthening the Sultanate of Oman’s positioning as a logistics hub. He has previously held senior leadership roles, including Chief Executive Officer of Sohar Freezone and Deputy Chief Executive Officer of Port of Sohar, as well as Chief Corporate Development and Group General Manager positions within Asyad Group. His expertise includes strategic development, corporate governance, mergers and acquisitions, financial management, and large scale organizational transformation. He has also served on several boards, including as Chairman of MWASALAT and board member of Nama Holding.
David Stockley has over 45 years of experience in the shipping industry. He is the Founding Partner of CTC Marine Solutions, a boutique shipping consultancy firm. Prior to his current position, David served as Senior Marine Advisor at Asyad Group, Chief Operation Officer at the Company, Chief Operating Officer at Stealth Maritime Corporation and Operations Director at General Maritime Corporation. David started his maritime career as a navigation cadet, being promoted to captain of various vessels up to DWT 500,000.
David graduated from Hull Nautical School with Masters Unlimited and has a Master Class 1 Foreign Going certificate from the Maritime and Coastguard Agency (UK).
Yahya is a seasoned engineer with over 20 years of experience in the energy, power, utilities, and oil and gas sectors. Yahya currently serves as Country Director for GE Grid Solutions covering Oman and Qatar. He has a strong background in commercial strategy, contract negotiation, business development, and executive leadership across multinational organizations. His experience includes managing large regional operations, leading cross border teams, and overseeing complex projects with significant capital exposure. He holds a bachelor’s degree in chemical engineering and a Master of Business Administration.
- Assisting the Board of Directors in ensuring compliance with applicable laws, regulations, and the Corporate Governance Code issued by the Financial Services Authority (FSA)
- Reviewing and making recommendations to the Board regarding the structure, composition, and balance of the Board of Directors to ensure effective governance.
- Developing and overseeing nomination policies and procedures to ensure the orderly, transparent, and fair appointment of members of the Board of Directors, while safeguarding shareholders’ nomination rights.
- Recommending to the Board nominations, re-nominations, interim appointments, and succession plans for the Board of Directors (including the Chairperson) and Executive Management.
- Establishing objective and measurable criteria for Board independence and reviewing such criteria annually, including the assessment of potential conflicts of interest.
- Identifying the skills, knowledge, and experience required for Board membership and preparing role descriptions and qualification requirements for Board approval.
- Developing, reviewing, and maintaining remuneration frameworks and policies for the Board of Directors and Executive Management, ensuring alignment with the Company’s strategy, performance, and long-term interests.
- Recommending salary structures, grading systems, and performance-linked remuneration arrangements in a manner that promotes accountability and prudent risk-taking.
- Reviewing and approving incentive, bonus, and allowance schemes to support the attraction, motivation, and retention of qualified and competent personnel.
- Overseeing matters relating to leadership succession planning to ensure continuity of effective management.
- Monitoring regulatory and governance developments relevant to the Committee’s mandate.
- Reviewing and submitting the annual remuneration disclosure report to the Board of Directors for approval, in accordance with FSA disclosure requirements.
- Considering the aspects relating to the appointment of external auditors, including their fees and terms of engagement
- Reviewing the details of the audit plan of the audit firms and the results of the audit process as to whether or not the auditors have had full access to all relevant documents to perform their job
- Ensuring there is in place adequate procedures to detect and prevent any cases of financial fraud or forgery, to ensure adoption of appropriate accounting policies and principles in accordance with international accounting standards that demonstrate the real financial position of the Company
- Oversight of the internal audit function through an approved audit plan, considering the reports of the internal auditor, ensuring the internal auditor have full access to the relevant documents and reviewing the efficiency of internal audit function regularly
- Reviewing the risk management policy of the Company and the adequacy of internal control systems through the regular reports of internal and external auditors or the appointment of external consultants in this field
- Reviewing the annual and quarterly financial statements before issue, reviewing the reservations of the external auditor on the draft financial statements, if any, and ensuring compliance with international accounting standards and disclosure requirements prescribed by the FSA
- Serving as a channel of communication between the Board and the external auditor and internal auditor
- Reviewing the proposed transactions with related parties to make suitable recommendations to the Board
- Reviewing the reports of the external valuer and the internal auditor and submitting them to the Board together with their recommendations and disclosing the summary of the results of the valuation process as part of the governance report
- Proposing wages and remunerations and financial and in-kind benefits for the employees of the internal audit unit.