The Newsletter of MB Group of Companies

March 2017/ Issue 1

TURQUOISE THE OFFICIAL PETROGAS NETHERLANDS LAUNCHES OPENING OF 365 INJURY FREE M/Y RAZAN 47 YACHT AL BALEED WORK DAYS CONTENTS

1 2 3 4 20 21 22 23 Message from Message from Dr. Mohammed National Day Sahabat Khair Marathon Paralympics MB Rihalt Club Chairman Editor Al Barwani appointed MBH & MBI & GEC Awards (After office hours) (After office hours) President of “ American Business Center”, National Day Musstir 5 7 9 10 25 26 27 28 Fort Lauderdale The offical opening M/Y RAZAN 47M Sukuk: Islamic MB Sports Day MBI Sports Day Ministry of Health MB Health Campaign boat show of AL Baleed Launch Finance Workshop

11 12 13 15 29 30 31 32 Exchange Petrogas MBPS Espresso sessions MBPS Hydrocarbon, Mawarid Koller Innovation Chairman Award Program Townhall Management MBPS Bahrain Rawadan Activities Compact E-Drive for Excellence Retreat Operations localization & succession planning milestone 16 17 18 19 33 34 HR Competency HR Internship MB Forum Petrogas Netherlands Petrogas QHSE Official Visit Framework Company of the to UES Rusayl month July 2016 Facilities 365 recordable injury free work days

1 MESSAGE FROM CHAIRMAN MESSAGE FROM EDITOR

Dear Colleagues,

Despite the persistent economic and financial challenges in 2016, the Group made a number of remarkable achievements during the year. The Sukuk issue by MB Holding in June, Dear Colleagues, secured a much needed liquidity to sustain the business activity in the Group. The opening of a high class Al-baleed We are embarking on a new business year and although Anantara Resort in Salalah is another big accomplishment by 2016 has been very challenging for the group we expect oil Musstir. Petrogas imbedded the recently acquired Petrogas prices to continue to slowly rise in 2017. In tough times it is Netherlands well into its operations and continued to be the important for us to look back and celebrate our collective top performer in the Group in commercial terms. A sales achievements. contract was signed in Turquoise for the NB63 yacht as well as launching the NB60 yacht. Also in Oceanco a sales contract We would like to congratulate Musstir LLC. not only for was signed for Y719 super yacht. UES made a breakthrough successfully launching Al Baleed, Salalah, a first of its kind by winning a supply contract of P9 military speed boats to the five star resort in the region, but also on its prestigious Ministry of Defense in Oman. They won another contract to grand opening held on the 30th of November 2016 under supply to PDO the locally invented ‘stuffing box’ (a valve that the auspices of His Excellency Abdul Aziz bin Mohammed prevents leakage of fluids) which is a very useful device for Al-Rawas, Advisor to His Majesty The Sultan for Cultural the oil industry both in terms of operational effectiveness as Affairs. well as environmental protection. Daleel reached its highest monthly oil production level of above 50,000 barrels/day in We continued with our proud tradition of celebrating the the month of June. HR function steered the organization Omani National Day both nationally and internationally. to cut and control costs and optimize expenditure. In spite In 2016 the celebrations marked 46 prosperous years of of the recent improvement in the oil price, the cost saving His Majesty’s reign and we were proud to express our measures must continue and every item of expenditure gratitude to our country and our leader. must be adequately challenged. In 2016 MBH’s medical team took the initiative to spearhead As we look forward to 2017 the focus areas for various a number of health talks to remind the employees of the Companies shall be as follows; importance of taking care of the mind, body and soul. A healthy employee is a happy employee which has a direct In MBPS, there are early positive signs of the recovery plan to turnaround the Company. The challenge is to ensure that the plan impact on the group’s success. takes hold and the liability burden on the Company is eliminated starting from this year. Specific focus should be on controlling costs especially the excessively high manpower cost as a percentage of the Operating budget, in addition to effective absence management. In MBH’s effort to promote an active lifestyle, all group companies in Oman were invited to take part in MBH Sports tournaments For UES and Turquoise, the main task is to elevate the marketing and sales functionalities so that our products are sold and the held over a week in December and for the first time ever a children’s sporting event was held and we hope to continue with such Companies become profitable. UES shall make good use of the full potential of its new facilities and resources in Oman and events. abroad to optimize return on its investments made over the last years. The HR function in the Group has continuously proven to be a true strategic partner to the business especially in difficult times. In Musstir, an inspiring and forward looking business strategy and operating model are required accompanied with setting and One of the vital goals of HR is to create and sustain an excellent work environment with distinct employee experience. The meeting world class standards suitable for the Real Estate and Hospitality Industry. The Company shall be self-sufficient financially employee survey is a crucial tool to the business to assess what areas to improve in. The survey saw a high rate of participation at on the way to become a profitable business. 80% response rate from 18 Group companies. The feedback conveyed a desire for higher levels of creativity and innovation. As a The goal in Mawarid is to obtain the various permits in Namibia and Saudi Arabia in order to initiate the exploration activities. In result the Company has introduced the ‘ Chairman’s Award for Excellence’ initiative, aimed to encourage innovation by properly Rwanda, the target should be to commence commercial mining operations as soon as possible. recognizing and rewarding excellence across all Group companies. Petrogas shall focus on further exploration of new opportunities and consolidation of its portfolio with good growth prospects in such a way that sustains the Company success. Oceanco shall be aiming to sustain its strong brand equity and enhance its With new leadership in MBPS, the process of turning around the company is in full swing. A management retreat meeting was market share. convened in November whereby challenging and ambitious 2017 business plan was developed. The aim is to make MBPS a solvent and prosperous business again. Corporately, the near term objective is to ensure the Group’s business portfolio mix is balanced, robust and yields the value expected, that is commensurate with the total assets and capital invested. Ongoing support and guidance shall be provided to all Group Companies in order for them to meet their agreed score card targets and other short and long term Goals. Best wishes for 2017 and a happy new year to you all! Going forward, there is a need to build effective Group wide structures in all business disciplines including HR, Finance, IT, Audit and SCM. MBH corporate shall guide businesses to set best practice standards across all business functions with the aim of Rahma Al Barwani elevating the overall operational excellence and competitive advantage in MB Group. Head of Communications & External Affairs We recently announced the launching of Chairman’s Award for Excellence scheme. The aim of this scheme is to encourage, reward and celebrate excellence in the MB Group of Companies worldwide. We look forward to active participation in this initiative.

I thank you all for your hard work and contributions in 2016 and wish you a fruitful and prosperous 2017.

Dr. Mohammed Al Barwani, Chairman 1 @MB Holding 2 @MB Holding Dr. Mohammed Al Barwani Appointed NATIONAL DAY MBH President of “Oman American Business Center” MB Holding celebrated the 46th National Day at its headquarters in Athaiba. The event was attended by employees from its sister companies. The occasion was dedicated to thanking His Majesty on his prosperous reign and his wise leadership.

The head office was decorated with streamers of the national colours and the national flag. The celebrations commenced with a recitation from the Holy Quran, followed by a welcoming speech delivered by Shareholder and Director Iman Al Barwani. The event consisted of multiple activities including a poetry recital by an employee’s 7-year-old daughter, a Q&A on Oman’s rich history. The celebration was also combined with the ‘Long Service Awards’ designed to recognize devoted employees.

Dr Mohammed Al Barwani, Chairman at MB Holding, thanked staff members for joining in the festivities, stating: “Today is a remarkable day, celebrated by all the citizens. National day allows us to express our gratitude to the country and to our leader for all that he has provided this country with”.

National Day is celebrated annually not only at the Athaiba head office but also at our sister companies such as UES & Musstir and international companies. This year Petrogas Netherlands Celebrated the Omani National Day at the Omani Embassy in the Netherlands.

On the 14th of November, the Chamber of Commerce officially announced Dr. Mohammed Al Barwani of MB Holding President of the “Oman American Business Centre”. We congratulate him on his new position to promote and strengthen economic and business ties between the two countries.

NATIONAL DAY MUSSTIR Oman’s 46th National Day Celebration Sunday, November 20, 2016

On the occasion of Oman’s 46th National Day, Musstir’s office was decorated with Omani flags. The event took place in Musstir on Sunday, November 20, 2016. The celebration opened with the national NATIONAL DAY MBI anthem followed by a short speech given MBI celebrated the 46th Omani National Day on the by Mrs. Safana Al Barwani (Managing 18th of November. The MBI office was decorated Director, Musstir) and Mr. Cyril Piaia (CEO, with Omani national flag and colorful balloons and Musstir). presented a lively picture. A cake was cut to mark this occasion and employees expressed their best A traditional Omani lunch was served to wishes on a writing board. The long service awards staff while enjoying Omani traditional were also given to staff of MBI on this occasion. music. Before the event came to a close, the In the same fashion earlier that year they also employees engaged in fun yet challenging celebrated India’s independence day on the 12th games related to Oman and His Majesty. of August where they part took in team building National Day at MBH with Managing Director of Musstir- Safana Barwani activities as well as a number of competitive games.

3 @MB Holding 4 @MB Holding The lower deck includes a wellness suite with sauna, steam room, beauty treatment area, and massage rooms, with two terraces opening symmetrically on both port and starboard sides from the massage room and gym areas.

The upper deck is the owners’ deck with a panoramic view forward from the owners’ suite and direct access to a private spa pool and sitting area. The forward deck is equipped with a touch-and-go helicopter landing pad. Additionally, there is a saloon and bar area aft, which can form part of the owner’s private area or be opened to the other guests onboard. The secluded owner’s deck aft is ideal for al fresco dining.

The bridge deck houses the command center with a large helm area, two wing stations and a Portuguese bridge. The central lift serves all five decks. A further guest lounge is located aft on the bridge deck, with a 3m X 3m Jacuzzi on the aft deck.

Spectrum is LY3 compliant, offering variety, flexibility and continuity. As with a rainbow, Spectrum is like a band of colors produced by subtle variations of wave length. She is mercurial in how she offers so many possibilities.

Main Specifications

Length 102m / 334ft Beam 15.3m / 50ft Speed 18.5 knots Propulsion System (Hybrid) 2 x MTU 16V2000 M72 (1440 kW each) combined with electric propulsion motor (500kW@2250rpm each) Flag Cayman Islands – LY3 Accommodation Double owner’s suite with private exterior deck 2 VIP Suites with private balconies 4 Guest suites

Fort Lauderdale boat show

At the 2016 Fort Lauderdale International Boat Show, Oceanco revealed its latest design, the 102m Project Spectrum. Efrem “Skip” Zimbalist III, President/CEO of Show Management, performed the honors of unveiling the spectacular new scale model.

Aptly named, Spectrum was conceived by Nauta Design and Oceanco to encompass a broad range of possibilities, both in terms of her propulsion system and her living spaces. Designer Mario Pedol of Nauta was present at the premiere of the yacht concept to discuss what Spectrum is all about.

Extensive investment in hull form research and development provides a refined hull shape which, when coupled with the hybrid propulsion system, enables Spectrum to cruise in a variety of efficient modes. She maintains a sleek, streamlined profile, which allows for lower resistance from the water.

Her layout over five decks provides a gamut of flexibility. There is a close relationship to the sea throughout the yacht, with a seamless flow from outdoor deck spaces to the interior. Light was a very important aspect in creating Spectrum, with large windows and extensive balconies, all helping to bring the outside atmosphere into the interior.

5 @MB Holding 6 @MB Holding THE OFFICIAL OPENING OF AL BALEED

Al Baleed Resort Salalah by Anantara held its Grand Opening on the 30th of November 2016, under the auspices During their stay, guests can of His Excellency Abdul Aziz bin Mohamed Al-Rowas, Advisor to His Majesty the Sultan for Cultural Affairs. Dr. enjoy an array of authentic Mohamed Al-Barwani Chairman of MB Holding Company LLC along with other distinguished guests were also in experiences, scaling rocky attendance. cliffs, catching fish for dinner, saluting the sunset during a The new luxury Resort in Dhofar is an example of striking and authentic architecture framed by lush tropical yoga session, or simply slipping gardens. Its walkways surrounded by towering palms and eye-catching water features create an air of tranquility out of a beachfront villa into the and serenity. Comprising 136 rooms and villas, the resort offers luxury with handcrafted furnishings and rich languid ocean. Situated in the textures throughout, which enhance the contemporary Middle Eastern ambience. Overlooking the Arabian Sea, heart of the six-thousand-year- lagoon or picturesque gardens, each room is equipped with contemporary comforts including interactive LED old frankincense trail, there is TVs, spacious walk-in dressing rooms and luxurious Amouage bath products evoking the region’s indigenous plenty to discover for those with fragrances. The resort’s 40 Premier and Deluxe Rooms all feature a spacious bedroom, en-suite bathroom with a passion for culture and history shower and a separate bathtub, walk-in dressing room, and media hubs with portable Bluetooth speakers alongside such as visiting ancient ruins a terrace or balcony. Meanwhile, eight one-bedroom villas and 88 one and two-bedroom pool villas entice guests and heritage sites or sauntering with personalized villa host services and separate living areas. The pool villas benefit from private temperature- around a souk. Meanwhile, an controlled swimming pools, the first of their kind in Salalah. The exclusive three-bedroom Royal Beach Villa is the array of thrilling experiences epitome of luxury, boasting commanding views of the sandy bay and idyllic lagoon. allow guests to explore the fort-dotted mountains, rugged Three exquisite dining venues showcase an array of vibrant cuisines. Sakalan, an all-day dining restaurant, presents wadis, and pristine beaches with flavors from different cuisines from the world served in open kitchens, while Mekong, the South EastAsian active travellers well served by restaurant, takes guests on a journey along the legendary river with vibrant Thai, Chinese and Vietnamese cuisine. diving, hiking, kite surfing and Finally, Al Mina, a relaxed Mediterranean beach bar and restaurant, serves well-crafted cocktails and barbeque fishing. delights. Rooted in Thai philosophy with influences from Arabia, the world-acclaimed Anantara Spa takes guests ona On behalf of Al Baleed Resort holistic journey, offering the only hammam in Salalah alongside rejuvenating treatments that use indigenous SAOC, the owning company ingredients such as pomegranate, coconut and frankincense. Guests also benefit from a state-of-the-art fitness of Al Baleed Resort Salalah by centre, watersports centre, tennis court, beach volleyball court, and stunning infinity pool. A separate kids and Anantara, the Chairman of the teens’ club offers fun-filled activities, whilst the Safar Boardroom and Al Hosn Ballroom cater towards business Board, Dr. Mohamed Al-Barwani was pleased to announce the opening of the latest luxury tourism project in meetings, conferences, and intimate weddings for up to 120 guests. Salalah, which is a joint venture between MB Group and OMRAN and is being developed by Musstir LLC. The resort began welcoming guests to the resort on the 30th November

At the event Safana Al Barwani – Managing Director of Musstir, gave the welcoming address in Arabic, she stated “We are delighted to open the doors of our new luxury resort in Salalah. It had been a vision for my family and me to create a new level of hospitality for the Salalah market that can be enjoyed by GCC families as well as international visitors. The design is inspired by the local area with a modern twist. The resorts exclusiveness and privacy will be an excellent match for all the markets that the resort will attract.”

Eng. Cyril Piaia, Chief Executive Officer Of Musstir was enthusiastic of the opening and was confident in the hotels bright future. “Musstir is proud to have completed the development phase of Al Baleed Resort Salalah by Anantara over the last five years, from inception of the first conceptual ideas for the hotel until the real opening to guests on November 3rd. This distinctive and unique property adds another very interesting real estate project to the growing portfolio of Musstir, one of the regions’ premier private developers. We are very pleased to have our latest project open for business and in Anantara we have found a good partnership between Owner and Operator.”

Al Baleed Resort Salalah by Anantara is in line with His Majesty Vision 2020 for the Sultanate of Oman and with Musstir’s long-term commitment aimed to develop sustainable properties blending in with the local Omani culture and traditions, as well as offering modern and high-standards amenities for our guests travelling locally or from abroad.

7 @MB Holding 8 @MB Holding M/Y Razan 47m launch sukuk: ISLAMIC FINANCE Turquoise Yachts prepares the new 47-meter yacht “M/Y Razan” for delivery. MBH Sukuk has won the Oman Deal of the Year by Islamic Finance News (IFN)

The new project NB60, a 47-meter yacht designed by H2, was launched in October 2016 for a series of sea trials at Turquoise’s ‘Kocaeli’ facilities. The yacht will be exported from this free zone area shortly. MB Holding Sukuk was awarded “Oman Deal of the Year” by Islamic Finance News (IFN) in a recently announced winners of the IFN Deals of the year 2016. IFN is known for its independence and integrity, the prestigious M/Y Razan is a 47 m steel hull with aluminum superstructure displacement yacht which has a maximum speed of IFN Deals of the year -11th year in running- is recognized as the industry leading accolade honoring industry 16 knots. The layout of the living spaces and technical areas are so well-balanced and designed with key points captains who engineered and executed the best Sharia compliant financial deal of the year. Transactions from such as large windows on Owner’s stateroom and saloons, the boat features numerous characteristics of larger around the world were considered, 19 products categories were contested and winners hailed from 10 countries. yachts. The lower deck has two guest cabins and two VIP cabins. In the forward section five crew cabins are located with a comfortable crew mess and a laundry. Mohammed Al Barwani Holding Sukuk issuance of US$76 million, which completed in June 2016, represents the first dual tranche (OMR and US dollar) Sukuk issuance in Oman and the first Sukuk issuance for a privately The main deck is completely dedicated to the owners. The owner’s stateroom has a full width bedroom, with held company in the Sultanate. The Sukuk was listed on the new Bonds and Sukuk Market of the Muscat full height windows, two walk in closets; one of them can be used as an office, a large bathroom with a Jacuzzi, Securities Market (MSM). The National Bank of Oman and Standard Chartered Bank were the issue managers a shower and two separate w/c cabins. In addition, a salon and dining room are also located on the main deck and placement Agents while the MB Holding Team was led by the Group CFO Mr. Sushil Srivastava along with a well laid up galley and pantry. with Treasurer Mr. Musaveer Ahmed, Legal Counsel Mr. Namit Rustagi, Corporate Finance Manager Mr. Kumar Rakesh, Investment Officer Arif Al Kiyumi and Shilpa Mathai from Dubai. The Sukuk provided a much needed The upper deck features a full-width salon. The exterior deck area is fitted with a dining table for 12 guests, and liquidly for the MB Group in these challenging times and also diversify its borrowing base in the capital market. loose seats with coffee tables. The upper deck has a day head both on exterior and interior, nearby the living areas. There is a third guest cabin on this level, which makes 5 guest cabins in total including the VIP cabins. All A Sukuk is an Islamic financial instrument that is similar to a conventional bond but is Sharia compliant. guest cabins have a Pullman bed, and equipped with iPad to control the audio video system, the lighting, air condition and curtains. Captain’s cabin is located by the wheelhouse. The forward exterior deck is spared full wide for tenders and toys. The sun deck is fitted with a Jacuzzi on forward zone with sunbath platforms, two large built-in seats with coffee tables and a full equipped bar. The beach club on lower deck aft, also provides a good space for entertainment and exercise with the gym equipment fitted.“

9 @MB Holding 10 @MB Holding MBPS Hydrocarbon MAWARID MINING RWANDAN ACTIVITIES MBPS has secured a new one year Work-over contract Mawarid has two operating companies in Rwanda, with Hydrocarbon Finder Oman E&P (HCF). The new Mawarid Mining Rwanda Ltd (MMRL) and TriMetals Mining contract is an addition to current MBPS operations Rwanda Ltd (TriMetals). with HCF which include running Rig 108, Drilling Fluid Chemicals and and slick line services. Mawarid Mining Rwanda Limited is currently undertaking a Feasibility study on the Icyari Tantalum project located in The addition of this contract is clear evidence of southern Rwanda near the township of Nyanza. Hydrocarbon Finder Oman confidence with MBPS services quality. Icyari Tantalum Project The Icyari tantalum project is currently conducting a feasibility study with a view to developing and constructing an operating tantalum mine in Rwanda by the end of 2017. To date over 83 holes have been drilled and detailed metallurgical and geotechnical work has been undertaken. Feasibility work will include detailed environmental studies, community relations, and detailed mine planning and tailings dam design. The work should be completed by the end of April so that the construction of the mine and plant can commence in June 2017.

ABOUT THE CLIENT : Rehabilitation Work Hydrocarbon Finder Oman (HCF) was established Prior to MMRL managing the Icyari project extensive artisanal mining was undertaken at the site which resulted in 2015 to acquire, explore, develop and produce oil in mine tailings being deposited into the local river system. This practice caused the rivers to become laden and gas resources in Oman. The company has since with sediment and affected the water taken from the rivers for drinking by the local inhabitants. As part of the acquired block 7 and 15 in Oman and contracted MBPS companies’ duty not to harm the local population, Mawarid replanted vegetation in the river drainage areas to services on a number of their services. prevent sediment entering the main rivers. This work was successfully completed in November 2016, and the quality of the river has improved markedly. The TriMetals Project TriMetals holds the three Bisesero, Tin – Tantalum – Tungsten concessions located in the western part of Rwanda. Exploration Licenses for these concessions were granted in November 2016, after an agreement was signed with the Rwandan government in March 2016.

CEO of Mawarid Mining, Tariq Al Barwani (left); Minister of MBPS BAHRAIN OPERATIONS LOCALIZATION AND Mines, Imema Evode (centre); Francis Gatare, CEO of the SUCCESSION PLANNING MILESTONE Rwandan Development Board (right) Exploration Work to date on Bisesero has mainly comprised ground geochemical and geophysical work. Several areas of interest which have the potential to host significant tin deposits have been identified. Drill testing is now being planned for later Following rigorous succession planning and localization efforts, MBPS Bahrain this year. Operations has reached a key staff development milestone with the appointment of Mr. Badar AbdulAmeer Al Mahoozi to the position of Tool Pusher. Mawarid Field Mr. Badar AbdulAmeer Al Mahoozi joined MBPS Bahrain operations at its inception Technicians, on the 30th of November 2011 as a fresh Helper/ trainee alongside a team of 7 Sande Mapunda others as part of the company’s localization strategy which entails the training of (Right) and local staff to take up leadership roles in the operations. He has been taken through Jamal Islam (Left), MBPS on the job training and now promoted to the position of Tool Pusher making undertaking ground him the first Bahrain National to ever hold such a position in MBPS. DGPS surveys in MBPS CEO Mr. Salim Al Harthy and the Management have extended their Rwanda. congratulations to Badar and appreciation to Bahrain Operations team for the support towards the localization efforts and staff development.

11 @MB Holding 12 @MB Holding KOLLER INNOVATION - COMPACT E DRIVE KOLLER accomplished sale and successful delivery of 11 Wireline Crane Trucks to Saudi Aramco In November, KOLLER took part at ADIPEC 2016 and presented its new, powerful drive system “compact E drive”. This innovation gathered many visitors at the KOLLER stand and can definitely be called a full success at ADIPEC. KOLLER Maschinen - und Anlagenbau GmbH successfully delivered 11 Wireline Crane The Compact E-drive presents power density on the smallest footprint as the complete drive system can be installed in a Trucks in June/July 2016 to Saudi Aramco in winch frame. This market revolution rockets KOLLER to leadership in the E-drive area with the mentioned features. cooperation with MBPS Saudi Arabia and UES after having been awarded in May 2015 with an amazing tender. The benefits of Compact E-drive are: The system can be installed both in new and existing units. The 7 double drum units on 6x4 Kenworth - High variety of power supplies like diesel T800 truck chassis and 4 single drum generator, accu cluster, external grid or The technical data of the e-drive based on the example of a slickline units on 4x2 Kenworth T370 truck chassis power take-off winch are: were designed according to Saudi Aramco - Hybrid energy supply is available Speed m/min | ft/min: requirements to execute wireline jobs under - Compact and lightweight design OD 1-467 | 3.28-1,532 harsh desert conditions. Having successfully - Maximum operational availability ID 1-355 | 3.28-1,164 passed the factory acceptance test at KOLLER, - Low maintenance cost and time Germany, and having gained the technical - High power density Max. pull force kg | lbs: acceptance of the team of experts from Saudi - Peak efficiency OD 3,060 | 6,747 Aramco, the units were dispatched to Saudi - Simple connection and operation ID 4,029 | 8,882 Arabia. - Eco-friendliness Max. rpm e-machine: 12,300 After delivery, the units were commissioned Wireline Crane Truck 6x4, double drum Max. power e-machine kW: 90 on an Aramco site, and the operations team of Saudi Aramco was intensively trained for 6 weeks in their new units. KOLLER thanks MBPS Saudi and UES for the smooth and fruitful cooperation in this huge project and looks forward to further successful projects!

KOLLER stand at ADIPEC 2016

This KOLLER innovation derived from the Master thesis project of Matthias Thölke for his dual study of Product Design in Mechanical Engineering. Supported by KOLLER electric engineers and the Wireline Productline and Project Group Managers, Matthias brought an innovative concept to life.

KOLLER and Saudi Aramco team at FAT in Celleversion

13 @MB Holding 14 @MB Holding mb forum

AN ONLINE PLATFORM FOR COMMUNICATIONS

On the 12th of December, MB Holding launched “MB Forum”, an online platform, hosted on Yammer, that provides and facilitates a space for all group company employees to have an open discussion.

The idea came from Director of Corporate operation Mr. Said Al Jabri and Group HR Manager Mr. Badran Al Hinai to establish this forum, to increase the level of interaction between MB Group company employees worldwide.

So far there has been a positive response from employees and we hope for more members to join and to use the platform to gain connections with sister company employees.

chairman award for excellence

The Chairman’s Award for Excellence (CAE) is an initiative designed to encourage, reward and celebrate excellence in the MB Group of Companies worldwide. It is founded on the premise that recognizing and properly rewarding excellence is an effective way of motivating employees and enhancing the culture of ‘excellence’.

To that end, we are pleased to announce the launching of CAE Scheme during 2017. Employees and teams from across the Group will have the opportunity to showcase their best business contributions in the areas of financial The Chairman’s Award for Excellence (CAE) is an initiative designed to encourage, reward and celebrate performance, research & development, new products and services innovation and other forms of creativity that excellence in the MB Group of Companies worldwide. It is founded on the premise that recognizing and improve and sustain our competitive edge. properly rewarding excellence is an effective way of motivating employees and enhancing the culture of ‘excellence’. Badran Al Hinai- Group HR manager, MBH has been appointed as the Corporate CAE Scheme Manager. Shortly, he will initiate a communication campaign on all the details pertaining to CAE. The communication plan will To that end, we are pleased to announce the launching of CAE Scheme during 2017. Employees and teams include face-to-face and conference calls engagements with CAE Champions in all participating companies to from across the Group will have the opportunity to showcase their best business contributions in the areas ensure clear understanding of the scheme and its effective implementation. of financial performance, research & development, new products and services innovation and other forms of creativity that improve and sustain our competitive edge. We encourage active participation in this initiative to identify and reward employees who deliver exceptional value to the business. This will enhance our competitive edge and our ongoing quest of making MB Group Badran Al Hinai- Group HR manager, MBH has been appointed as the Corporate CAE Scheme Manager. synonymous to ‘excellence’ in the true sense of the term. Shortly, he will initiate a communication campaign on all the details pertaining to CAE. The communication plan will include face-to-face and conference calls engagements with CAE Champions in all participating companies to ensure clear understanding of the scheme and its effective implementation.

We encourage active participation in this initiative to identify and reward employees who deliver exceptional value to the business. This will enhance our competitive edge and our ongoing quest of making MB Group synonymous to ‘excellence’ in the true sense of the term.

15 @MB Holding 16 @MB Holding PETROGAS NETHERLANDS PETROGAS QHSE Petrogas EP & Petrogas Rima promote COMPANY OF THE MONTH JULY 2016 “Every Day is Your Safety Day” at their Annual QHSE Away Day The West Holland Foreign Investment Agency selected Petrogas E&P Netherlands BV as Company of Petrogas Exploration & Production and Petrogas Rima held their Annual Quality, Health, Safety and Environment the Month. Petrogas has invested considerably in the Netherlands, achieving a significant milestone (QHSE) Away Day at the Civil Aviation Club on 22nd of December. The event has gained more significance with the by safely constructing and installing its first offshore platform in Block A18, and successfully drilling company successfully obtaining International Certificates on Environmental Management System ISO 14001 and 3 gas production wells. First gas was achieved in December 2015, only 14 months after Petrogas was Health & Safety Management System OHSAS 18001. The QHSE Away day was conducted to promote QHSE culture established in the Netherlands. Subsequently, Petrogas completed a farm in Mozambique (onshore & highlight Petrogas’ commitment to its QHSE policies and standards, as well as to ensure compliance with health exploration asset) and purchased the European assets of PA Resources AB, which has added 6 exploration/ and safety legislation. near development licenses spread across the UK, Denmark, Netherlands, and Germany. These are also now being managed from Petrogas’ Rijswijk office, where it recently moved from Voorburg. “The QHSE Away Day has a significant role in communicating our core belief, that every day is your Safety Day,” said Dr. Ghudayyer Rashid Al Wahibi, SEPTEMBER 23, 2016 Corporate QHSE Manager at Petrogas EP. Petrogas E&P CCO, VP- Europe : Kingsuk Sen & The company has successfully Petrogas General Manager : Nick Dancer upgraded its QHSE records by adapting a team work approach, complying with international standards in every aspect of their business and raising awareness among partners, contractors and employees. The event was kicked off with the recitation of the Holy Quran, followed by a welcoming address by Azhar Al Kindi, Chief Operating Officer, Petrogas EP. He commended the collaborative efforts of the dedicated team, who made the event possible. He also expressed his appreciation for the dedication demonstrated by all employees who have actively worked towards improving standards of QHSE.

Khalaifin Al Adhoobi, Petrogas’ QHSE Planning & Business support 365 RECORDABLE INJURY-FREE WORK DAYS manager, stated that “the objective of Away Day is to enhance good QHSE behavior and culture within the company by reminding employees and stakeholders of their responsibilities.” 365 RECORDABLE INJURY-FREE WORK DAYS A number of interesting talks took “KingSuk Sen, Petrogas E&P COO stated“ One year… 365 days… That’s a long time. And for a business like place before the HSE themed games Petrogas, to go that long with zero recordable workplace accidents or injuries is an impressive took place. Dr. Hamed Al Ghilani, from accomplishment on Thursday, October 27, 2016, we did it! the Environment Society of Oman, gave a presentation on the Omani This was all due to the outstanding and careful work of each and every one. This outstanding achievement environment and its biodiversity. Dr. is not about the number, it is about staff going home safely after an offshore shift, or a day at the office, or Dishaan Al Shanfari, Head Medical supply base ! Officer at MB Holding, gave another talk on Heart Attacks and Life cycles. Finally, Mr. Musalam Al Khaifi, Corporate HSE Officer at Electrical Holding Company, spoke about the central theme, “Every day is your safety day”, stating that QHSE Away Day has a significant role to play in communicating the company’s shared belief that every day is Safety Day. 17 @MB Holding 18 @MB Holding Official visit to UES Rusayl facility Sahabat Khair

United Engineering Services Rusayl facility opened at the beginning of 2016. Since then, the company has been During the Holy month of Ramdan, the employees took part in a first time initiative called ‘ Sahabt Khair’. The promoting its workshop and other facilities to major operators in Oman. It witnessed exceptional growth in the initiative aimed to give back to the society by helping those in need. The volunteers distributed boxes of food last year, as UES established itself as a world class manufacturing unit. necessities to the needy. The initiative was a great success, as many employees participated in the distribution of food in Muscat and it’s surrounding governorates.

The Ministry of Oil and Gas, as well as operators such as Daleel Petroleum, were invited to visit the facilities and were introduced to the new machines and fabrication shop. The representatives from the ministry were pleased to see the company’s capabilities and their contribution to In Country Value (ICV). Gec AWARDS GEC Awards Sultan Al Bahri as an ICT leader in the Sultanate.

The visiting operators, too, acknowledged the creation of a world class facility here in Oman which can meet and Global Enterprise Connect (GEC) Open 2016 is a premium corporate golf tournament, touring 10 countries. The exceed industry expectations, both locally and internationally. GEC Excellence Awards celebrate unique leadership models across the region for their unwavering commitment to the development of their businesses and their success in placing their undertakings on the global map of success and competitiveness. The Award recognizes executives from various corporate enterprises who have gone that extra mile in injecting excellence into their organization’s spine and business models. It brings awareness to commendable contributions by several enterprises and government initiatives in the field of ICT.

Among those who received the award was Sultan Al Bahri- GM, Synapse Cyber Security, for his role as an ICT leader in the Sultanate.

19 @MB Holding 20 @MB Holding after office hours others to find the strength to overcome their personal obstacles and embrace new endurance challenge. In additiontothisIlyassovaandtheub-coolteamhopetheirparticipationinmarathonwill inspire want todothisbytrainingstaffhereinBonnandEthiopia.” poor countryinwhichmedicalinsuranceisnon-existentandpatientscannotaffordtogoabroad. We Speaking abouthisfoundation,ProfessorElgersaid,“Ouraimistoimprovetheepilepsy-service ina foundation existstosupportepilepticpatientsandeducatemedicalstaffinEthiopia. at UniversityofBonn,ProfessorChristianElger.Alongsidehismedicalresearch,theProfessor’s charity The money raised by the ub- cool team will go to support the heads of the Epileptology Department and the10Krun. marathon, half km 21 a marathon, full km 42.2 the including levels, ability all fit to distances are There The AlMoujMuscatMarathon,whichtakesplaceannually,isoneofOman’smostanticipated events. lifelong goalistoraiseawarenessaboutepilepsyandeducatesocietythiscondition. uncontrollable bouts,sheunderwentriskybrainsurgerytwoyearsago.Nowepilepsy-free,Ilyassova’s the condition.Aftersufferingfrom takes to deal with and overcome Ilyassova knowsthestrengthit bouts forover14years,Medina Having been the victim of epileptic Elger. of Bonn’,runbyProfessorChristian Epilepsy ResearchintheUniversity the ‘SocietyforAdvancementof medical staff in Ethiopia through epileptic patients&toeducate addition toraisingfundssupport to raiseawarenessonEpilepsyin in theMuscatMarathonorder 11 differentcountriesparticipated team, consistingof20peoplefrom On the27thofJanuaryub-cool Team ub-cool to compete in the Al Mouj Muscat Marathon: Spreading Epilepsy Awareness Muscat arathon 21 @MB Holding

these games inRio). were received byKingWillem-Alexander andhisauntPrincess Margiet(whowasamong ahandfulofRoyals attending a to whisked celebratory reception was followed by team an official the ceremony in Holland, Utrecht. Soon after in the arrival, landing the paraolympic After partcipants team. the carrying aircraft the alongside plane his flies he as In avideopostedonTwitter, oneF16pilotcanbeseenraisinghisarms andgivingthethumbs-upincelebration was accompaniedbytwoF16fighterplanesfrom theRoyalNetherlandsAirForce,KoninklijkeLuchtmacht. Brazil from flight their as Games, Paralympic 2016 Rio the from home welcome spectacular a enjoyed team Dutch The table. medals the in seventh finished they where Netherlands, the for Rio in competed athletes 150 than More paralympic gamesattracted2.15millionspectators. Michael saidthegamesinRiodeJaneirowasvery enjoyableandwellorganized.Despiteinitialslowticketsales,the free stylewereafractionquickercomparedtoLondon. His qualification times for Rio compared closely to those in London four years ago, although his 100 and 200 meter Nassau. he hasbeenappointedKnight in the Order ofOranje medal inthe50mSB3breaststroke.Forthisachievement Paralympic gamesinLondonwherehewonthegold He workedhiswaythroughtobeselectedforthe2012 competitions. Inaddition to othertrainingprogramsandcompetinginlocal training. fitness and weight involves which spends threehoursinthepool,additiontodrytraining Michael dailytrainingscheduleisverydemanding.He smarter trainingprograms. intense training time,betterguidanceand coaching, plus The swimmers had to improve their performances through program hadtoevolveinordercompeteinternationally. Over thepast10yearsDutchParalympicswimming the Dutchswimmingtalentprogram. was spottedatadisabilityeventandheenteredinto competing againstotherable-bodiedchildren.Histalent joined aswimmingclubfordisabledpeopleandstarted improve hisphysicalfunctioning.Attheageof10,Michael because of his brothers influence and partly as therapy to his birth.Hestartedswimmingattheageoffourpartly palsy, causedbyalackofoxygentothebrainduring Thirty three year old Michael was diagnosed with cerebral 2016. at theOlympicAquaticsStadium,RiodeJaneiro,Brazil, and the200mSB4freestyleat‘ParalympicGames’ which hewoninthemen’s100mSB4freestylecompetition here withhisfathershowingbronzeandsilvermedal Congratulations toMichaelSchoenmake,whoispictured Paralympic medalsuccessforsonofPEPN’sFieldSuperintendent(PetrogasNetherlands). Paralympics 22 @MB Holding MB Rihlat club Rihlat Club has been formed to bring employees together in events of adventurous, exciting and learning trips. It creates an environment for people to meet and enjoy their outdoors hobbies. Moreover, it allows others to explore outdoor sports and events.

The club has objectives and values reflecting what we believe in MB Group.

Objectives: - To form a recognizable club for adventurous events & trips - To promote social life via enjoyable events participated by group staff. - To learn from each other - Set example of HSE through clubs events - Market our group branding via events arranged

Values:

Safety First: Always Respect: Have Fun: Personal Safety People Participate Team Safety Community Simple & Easy Environment Safety Culture Enjoy

The club has a structure with roles and responsibilities taken by volunteered members. Membership to Rihlat Club is open for MB Group employees. All members are expected to follow the rules of the club in all events arranged. Currently we have 34 registered members, and it is projected to reach more than 50 members after the first planned trip.

The planned events will vary in nature between Off-Roading, Hiking/Trekking, Day trips and many other fun trips.

23 @MB Holding 24 @MB Holding MB SPORTS DAY MBI SPORTS DAY MB groups annual sport tournamnet took place over one week in December. All MBG companies were invited to take part. MBI celebrated sports day on the 24th June 2016 at Camp Mustang. Employees split into four teams: - MBI Royal Challengers, The women competed in bowling, where Petrogas came in first pace and Daleel Petroleum came in a close second. The -MBI Knight Riders, -MBI Lions & -MBI Daredevils. The teams competed in Cricket and football. MBI Lions won in both women were judged on their Performance as a team and as individuals. Top 3 players were 1st Saada Al Rawahi- Petrogas, sport games. The day was filled with adrenalin, laughter and all around fun under the sun. 2nd Sahmsa Al Shurakiy-MBH, 3rd Khadija Al Kindy-Daleel. Umpiring was done by NV. Sudhir and scoring was done by Nagoor Mohideen. Vivek Choudhary and Pankaj Nayyar In the Men’s football competition, both UES teams took home 1st and second place and in the Men cricket UES Technocrats were the commentators of the day, their sense of humor added lot of fun to the event. Special awards were given for were runner up to the UES Tigers winning team. The week ended with a children’s sports day. The children partcipated in Sportsman of the Day-Deepak Singh, Best players from finalist team were-Arun & Rajan (MBI Lions) and Mohit & Harish numerous fun activities that coresponded with their age group before enjoying fingers foods and they all went home with (MBI Daredevils), Best players from semifinalist team were- Harsh (MBI Royal Challengers) and Rahul (MBI Knight Riders), prizes. Maximum number of goals-Lalit Kumar.

25 @MB Holding 26 @MB Holding Ministry of health WORKSHOP MBH Health CampAign

MB Holding houses Ministry of Health workshop at Athaiba head office. MBH clinic spearheads health awarness campaign.

MBH offered their support to Ministry of Health in organizing medical workshop “Evidence Based MBH clinic is strongly committed to promoting good health both in and out of the workplace. One of the Practice”. The workshop was held on 6-7th December, 2016 and attended by 40 participants from the clinic’s many goals is to educate the MB community on good health and promote healthy practices. ministry and delegates within the medical sector. The main subject was focusing on the correct way to use best available evidence gained from scientific method to guide clinical decision making. This drives The MBH clinic has organized and carried out several health initiatives in the past few months. In cooperation for better medical service to be provided by medical institutions. This event contributes to the research with the Royal Oman Police they carried out a drug awarness campaign on location at UES & Rima. and development efforts driven by MOH in order to improve medical knowledge locally and globally.

The workshop took place in MB Training Centre in Al Athaiba. In MB Group we do believe in continuous Furthermore, MBH clinic conducted a number of informative lectures in cooperation with experts from the learning, and support initiatives of that nature. relevant field, for example, on nutritional facts for fasting in Ramadhan. The talk was conducted by Abeer Al Mahrouqi, a dietitian from Masara Hospital.

Dr. Kawther Al Busaidi from the Physiotherapy and Rehabilitation Center was invited to give two sperate talks, one on physiotherapy and another on women’s health.

MBH’s very own Dr. Dhishaan gave a talks on healthy lifestyle and heart attack.

27 @MB Holding 28 @MB Holding EXCHANGE PROGRAM petrogas townhall

Petrogas routinely runs town-hall gatherings for staff and senior management, offering a much-anticipated For the first time ever MB Group will launch its cross posting program in 2017. The goal of program is to utilize the “get-together” event for all. The town-hall forms a practical manifestation of our strategy for transparency expertise we have globally across the group. through effective staff engagement. The set-up offers an open platform for informal exchange of ideas and opinions from all with no conditions or pre-set boundaries. Staff expresses themselves with enthusiasm as they The opportunity will allow for candidates to share knowledge, learn and to grow. This is what our first batch of candidates raise suggestions, make comments or offer constructive feedback. have to say about their up coming secondments. Matters of discussion are boundless with topics varying from set agenda of “info-share” items, such as QHSE and operational performance updates, financial update, HR update in addition to corporate vision for growth, to “open-forum” items including business improvement ideas, best practices from similar industries, international factors impacting Petrogas, etc. Such meetings allow for management to listen and truly take into consideration the feedback and general concerns voiced by staff members.

“This experience will help me gain a new way of thinking and decision-making. Petrogas hold at least one gathering a year, of such kind. The town hall meetings are also utilized for important It’s a great learning opportunity, and to expand my career development. I’m announcements, staff recognition certificates, etc.

anxious of the cultural differences I may face and misunderstanding that might arise from not understanding the language at first but I hope to pick up some Such gatherings have now become an Turkish.” integral part of how Petrogas is run, further solidifying our determination Iman Al Esri- Policy Development Specialist, MBH to stay the course on our successful journey. Our town-hall events always end with time for Q&A, hence together ensuring that all queries are addressed, improvement suggestions are analyzed and all learnings are captured.

“ I’ve been working in MB Group for 10 years in Oman. Joining the Netherlands team for a year is a great chance for me to learn new skills and access new experiences and opportunities. Cross posting will allow seeing a new side of my profession. I am eager to experience a new culture and to explore Europe.”

Oday Al Harthy - Head of HR, PETROGAS

“I’m exited to have to opportunity to work in the head office in Oman and also to live in a beautiful country with very friendly and hospitable inhabitants. I look forward to exploring Muscat and the surrounding landscapes. However, I am anxious about living far away from my relatives and I hope they will be ok whilst I will be on assignment.”

Martine Duvaloois, HR Petrogas Netherlands.

29 @MB Holding 30 @MB Holding MBPS MANAGEMENT RETREAT

MBPS and its affiliate businesses’ management team convened at the Millennium Hotel in Mussanah for an overnight retreat and teambuilding event on 14th and 15th November 2016. The main agenda for the event was brainstorming on the way ahead for MBPS in the current challenging economic times. The Managers engaged their creativity, expertise and experience in concerted team efforts to derive tangible strategic stances towards the survival and posterity of MBPS under the keen guidance of the company’s new CEO Mr. Salim Al Harthy.

Following the retreat, MB Petroleum Services management held their business performance planning meeting on the 13th of December 2016 at MB Training Centre. The meeting which was hosted by the CEO Mr. Salim Al Harthy was attended by the company’s core management team as well as members of MB Holding Corporate office and MBPS Managing Director Mr. Tariq Al Barwani.

Key in the meeting’s agenda was business objectives for 2017 derived from the retreat deliberations and performance management planning. These objectives will be the main basis for the company’s key performance indicators for 2017. While addressing the theme of main challenges to performance, Mr. Badran Al Hinai (MB Group HR Manager) challenged the team to critically review their way of managing performance, quoting from the wise words of Albert Einstein; that “we cannot solve our problems with the same level of thinking that created them.

Drug awareness session Presented by Al Masarra Hospital and The Directorate of Narcotics Control, ROP

Our MBH Learning and Development department has introduced the concept of “Espresso Sessions”. The idea was to host short learning sessions, no longer than two hours, on a topic that interested our employees. The presenters who volunteered to cover the topics came from different backgrounds, both from within and without our group. They presented exciting ideas and shared their knowledge. As the communication about the espresso session was robust, attendance was good. Our employees were engaged in the discussions and interested in the sessions. The plan is to continue this scheme once every three to four weeks, and to keep facilitating better learning environments.

31 @MB Holding 32 @MB Holding HR Competency framework hr internship

In our continuous efforts in building a strong Talent Management structure, we have embarked on an ambitious At MB Group, we provide college project to develop a Competency Framework for the Group’s companies. The majority of functions in Oman students opportunities to acquire and other GCC countries have done a tremendous work in developing competency frameworks for their hands-on experience in their field of respective functions. study.

The line management involvement in most cases and effort on the part of Line and Functional Managers Through the 2016 internship program, sought to ensure that the outcome was robust and exemplary. Today, we have Competency Dictionaries for we welcomed 63 students to join us our functions and Job Competency Profiles (JCP) for our jobs. These are going to play a crucial part in our at our workplace to learn technical, employee competency assessment & development in the coming months and years. commercial and business-related skills. Either through projects or specifically assigned tasks, students were given the chance to put their knowledge into practice. Upload Dictionaries and JCP’s in the system

Develop JCP’s based on the Job Description and guidelines.

Set Guidelines on Distribution and Calibration for JCP’s.

Develop Competency Dictionaries with behavioural indicators based on functional requirements.

Agree competency categories and evaluation levels.

33 @MB Holding 34 @MB Holding Sultanate of Oman

MB Holding Company LLC Mawarid Mining LLC P O Box 695, P O Box 476, Sohar Postal Code 114, Sultanate of Oman Postal Code 321, Sultanate of Oman Tel: +968-24580580 - Fax: +968-24580599 Tel: +968-26865300 - Fax:+968-26865301 Email: [email protected] Email: [email protected] www.mbholdingco.com www.mawaridmining.com

Petrogas E&P LLC P O Box 353, Postal Code 112, Sultanate of Oman Tel: +968-24527900 - Fax:+968 24527909 Email: [email protected] www.petrogasep.com

MB Petroleum Services LLC P O Box 695, Postal Code 111, Sultanate of Oman Tel: +968-24580000 - Fax: +968-24494530 Email: [email protected] www.mbpetroleum.com

United Engineering Services LLC P O Box 2638, Ruwi Postal Code 112, Sultanate of Oman Tel: +968-24561850 - Fax: +968-24562083 Email: [email protected] www.uesoman.com

35 @MB Holding 36 37