2016 CEO Power List
18 Mahmood Sakhi Alballushi
CEO Almadina Logistics Services Company and Muscat Container Depot
Year of establishment: 2007
Location of head office: Muscat
Total employees: 180
Years in the company: 9
Established in 2007, Al Madina Logistics Services Company had one of its strongest years in 2015, despite the plunging oil price and increase in competition.
Revenue rose 11% while gross profit increased 105% when compared with 2014. The net profit in 2015 was around 9% of revenue, whereas the net profit is expected to be 7% of revenue in 2016 due to the economic and market conditions. Overall revenue is expected to grow by 12% in 2016.
CEO Mahmood Sakhi AlBallushi has been with the company nine years and during which it has become known as the first national 3PL company in Oman. It has developed a leading distribution centre a paperless facility and developed and now operates the first and only dry port in Oman, which handles all LCL cargo and all frozen export fisheries.
Major ongoing projects include the bonded facilities at South Al Batinah Logistics Hub in Oman. In addition, the company is also planning to develop a logistics hub at the various airports sites in Oman to support the development of the air cargo operations. AlBallushi has also been a key voice in drafting the Oman National Logistics Strategy (ONLS), completed in 2015 and spanning to 2040, and remains an advisor during its implementation.
