Al Maha Petroleum Products Marketing Company has been awarded the 'Best Finance Team of the Year' award at the Oman CFO Forum for its outstanding contributions to financial performance, strategic growth, and operational excellence.

 

The team's efforts focused on meeting and exceeding financial targets, achieving the highest net profits and share prices among fuel marketing companies in Oman. They prioritised profit growth, cost-saving measures, and improved operational efficiency.

 

The team's commitment to innovation and efficiency, particularly through digital transformation, led to significant performance improvements.

 

The team demonstrated exceptional foresight by leading the company's digital transformation efforts, integrating cutting-edge technologies like Robotic Process Automation (RPA) and cloud-based financial systems. This forward-thinking approach ensured Al Maha remained adaptable in a rapidly evolving market, cementing its position as an industry leader, stated spokesperson.

 

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. Their guidance in launching high-margin product lines and non-fuel retail projects bolstered the company's revenue and stability. The team's dedication to collaboration and team development contributed to a strong work culture and continuous growth, according to the company.

 

Hiriyanna Narayanaswamy, Chief Financial Officer of AlMaha, 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.” -TradeArabia News Service