Kunooz was incorporated in January 2014 following the consolidation of five subsidiaries and two associates within the mining, quarrying, transportation and construction materials sectors. Dean Cunningham, CEO said “Our current strategy involved ramping up and optimising our current operations and balance sheet, identifying new opportunities and acquisition targets in order to become a key player in the mining space”.
The founders, the Al Rawas Family members have disinvested 20% of their shareholding in September 2016 to the Oman Investment Fund. The inclusion of OIF as a shareholder will increase investor confidence, lend credibitily and strength Kunooz’s transformation into a public company with a vision of IPO’ing in 2017 dependent on global market conditions.
Currently, all of our subsidiaries and associates are operational with export activities contributing approximately 60 per cent of the group’s revenue. Our business is currently export-driven and is aided by both global urbanization and infrastructure development. Given that we operate in related industries and sectors, our businesses are able to benefit from substantial synergies.
Our current aims can be summarized as follows:
Efficiently allocate capital to our operating companies in order to drive both individual and synergistic growth.
Continue to drive Kunooz forward by optimising our human resources; we strive to empower a top management team with sufficient flexibility to enhance operational efficiencies. In relation to this, we foresee extensive collaboration through partnerships within our holding structure.