Omantel – CFO executive interview

In this interview, Omantel CFO Ghassan Al Hashar discusses the group’s strong 2025 financial performance, with growth across domestic operations and Zain Group, supported by resilient telecom revenues, ICT growth, cost optimisation and increasing synergies from the Zain Omantel International joint venture. He highlights Omantel’s ambition to capture a larger share of Oman’s growing ICT market, while noting that the shift from telco to techco requires upfront investment in digital platforms, cloud, smart city infrastructure and emerging technologies before margin efficiencies fully emerge. The interview also covers Omantel’s disciplined approach to capital allocation, balancing investment in future growth with balance sheet strength and a consistent dividend policy. Al Hashar sets out the investment case for Omantel, pointing to stable core telecom cash flows, regional scale through Zain, strategic subsea cable and data-centre assets and alignment with Oman’s Vision 2040 programme. He also discusses how Omantel is improving investor visibility as the Muscat Stock Exchange seeks emerging-market status.

Omantel is a leading provider of telecommunications and related services in Oman and a strategic investor in the MENA region. The company is driving digital transformation through innovation and strategic global partnerships.