Masqaţ
Position: Chief Executive Officer - ITHCA Group
Reporting to: Board of Directors
POSITION SUMMARY:
For the summary please refer to Jadarah during the application.
KEY RESPONSIBILITIES:
Strategic Leadership and Governance
• Define and articulate ITHCA’s vision, mission, and long-term investment strategy in alignment with national technology and digital-economy priorities, OIA’s direction, and the guidance of the Board.
• Lead the preparation and execution of annual business and operating plans, ensuring effective performance against approved budgets and KPIs.
• Establish and enforce group-wide governance frameworks, policies, compliance systems, and accountability mechanisms across all subsidiaries, investees, and joint ventures.
• Secure strategic alignment between the Group, OIA, and the Board on all major investment, divestment, and capital decisions.
• Ensure transparency and timely reporting to the Board and its committees, including Executive, Audit & Risk, and Investment committees.
Portfolio Value Creation and Operational Governance
• Develop and execute portfolio value-creation initiatives to improve operational performance, commercial growth, technology capabilities, and enterprise value across the Group.
• Govern through a holding-company model—providing strategic guidance, oversight, and direction while empowering portfolio companies with operational autonomy within an agreed framework.
• Exercise shareholder oversight through subsidiary Boards, governance frameworks, and performance management.
• Monitor the strategic, financial, and operational performance of subsidiaries, investees, and joint ventures against approved KPIs (e.g., ROI, EBITDA), intervening only where performance or risk thresholds require.
• Identify, enable, and leverage synergies, economies of scale, and best practice sharing across the Group and its portfolio.
• Establish a clear delegation of authority so that operational decisions sit with subsidiary leadership while strategic, investment, and capital decisions are governed at Group level.
• Ensure consistent group-wide standards for risk management, cybersecurity, due diligence, and quality of investment execution.
Portfolio, Investment and Financial Stewardship
• Define the Group’s investment thesis and lead portfolio construction across long-term, strategically significant technology and emerging technology assets.
• Lead the origination, strategic analysis, and execution of major acquisitions, divestments, and entry/exit decisions, providing formal recommendations to the Board / Investment Committee for approval.
• Govern portfolio-level capital allocation with disciplined, risk-adjusted return criteria; review and challenge asset-level business plans and significant capital requests for alignment with the overarching portfolio strategy.
• Develop and execute divestment and exit strategies—including IPOs, private placements, strategic partnerships, and portfolio restructuring—to recycle capital and maximize long-term portfolio value.
• Establish the financial framework, risk appetite, and return hurdles for all investments, ensuring capital is deployed in line with the approved strategy and long-term value-creation plan.
• Ensure rigorous due diligence on all investments, with accurate financial reporting and compliance against agreed KPIs, budgets, and governance standards.
Partnerships and Ecosystem Development
• Originate and manage strategic partnerships, joint ventures, and alliances with international and local investors, technology operators, and government stakeholders.
• Strengthen public–private partnerships that expand Oman’s technology and emerging technology footprint and attract foreign direct investment, technology transfer, and localization.
• Build and maintain trusted relationships with OIA, government ministries and agencies (at Director-General and Ministerial level), regulators, financial institutions, and global technology leaders.
• Position ITHCA as the partner of choice for locating emerging-technology capabilities and value chains within the Sultanate.
Stakeholder Engagement and Public Representation
• Serve as the principal spokesperson and ambassador for ITHCA, ensuring clear, consistent, and strategic communication that strengthens the Group’s reputation and leadership in the national technology and digital economy agenda.
• Build and maintain strong, collaborative relationships with government entities, private-sector partners, investors, financial institutions, and the wider innovation ecosystem to advance shared national priorities.
• Represent ITHCA at local, regional, and international platforms, advocating for Oman’s digital economy, responsible investment, and emerging-technology ambitions.
• Oversee media relations, strategic communications, and crisis-management programs to protect and elevate ITHCA’s brand, credibility, and stakeholder trust.
People, Leadership and Culture
• Build a high-performance investment organization with institutional capabilities in investment management, portfolio value creation, governance, and strategic partnerships.
• Lead and inspire subsidiary/investee leadership and Group functional heads, fostering a culture of accountability, innovation, and high performance.
• Ensure all key leadership positions are adequately staffed, with robust succession planning and leadership development in place.
• Oversee workforce sustainability and the development of national investment and technology talent.
• Promote an agile, flexible, adaptable, and dynamic “One Group” culture that reflects Oman’s identity, embeds inclusion, and drives continuous improvement.
National Impact and Sustainability
• Deliver measurable impact on Oman’s economy—driving economic diversification, technology exports, private-capital mobilization, localization, In-Country Value, Omanisation, and the creation of high-value technology jobs and capabilities.
• Embed ESG and responsible-investment principles across all investments and operations.
• Support national digital sovereignty and position Oman within future emerging-technology value chains, in alignment with Vision 2040.
Other Requirements
• Based at ITHCA Group headquarters in Muscat, with domestic and international travel as required.
• Upholds the highest standards of integrity, professionalism, and ethical conduct.
• Undertakes additional duties and responsibilities as assigned by the Board of Directors.
SKILLS, QUALIFICATIONS & EXPERIENCE:
Key Success Factors:
• Strong portfolio performance and value creation, underpinned by disciplined, risk-adjusted capital allocation and effective capital recycling.
• High-value investments, partnerships, and joint ventures successfully originated, executed, and sustained.
• Effective group governance and clear strategic alignment with OIA and national priorities.
• A high-performing, well-governed multi-subsidiary organization with a strong leadership bench and succession pipeline.
• Measurable national impact — economic diversification, In-Country Value, Omanisation, and high-value technology-job creation.
• Strong executive representation and stakeholder advocacy at national and global levels.
Skills and Competencies:
Functional Competencies
• Portfolio management and portfolio construction.
• Capital allocation, corporate finance, and risk-adjusted return management.
• Investment governance and enterprise risk management.
• Technology investment and portfolio value creation.
• Building digital and technology industries and ecosystems.
• Public–private partnerships and senior stakeholder management.
• Board and corporate governance.
• Transformation and change leadership.
Behavioural Competencies
• Visionary, decisive, and inspirational leadership.
• Strong interpersonal, negotiation, and stakeholder-management skills.
• Flexibility, adaptability, creativity, and innovation.
• High resilience and sound judgment under pressure, with strong public representation and advocacy skills.
Education and Experience:
Education
• Advanced degree in Business Administration, Finance, Economics, Technology, or a related field; an MBA or equivalent postgraduate qualification is strongly preferred.
• A professional finance/investment qualification (e.g., CFA or CAIA) is advantageous.
• Additional certifications in corporate governance, leadership, or sustainability (ESG) are advantageous.
Experience
• At least 18 years of progressive executive experience, including a senior C-Suite or Group CEO capacity, spanning investment management, technology M&A, strategy, and executive leadership.
• Demonstrated record in managing complex matrix relationships across multiple business entities.
• Experience engaging with senior government stakeholders, regulators, and commercial partners, preferably at Ministerial or equivalent level.
• Track record in portfolio management, capital allocation, and securing partnerships, joint ventures, and large-scale investment programs.
• Management experience in a holding or investment company is strongly desirable.
• Strong governance experience, including regular engagement with Board committees.
• Track record in organizational transformation, change management, and leadership development.