Oman Cables employees become shareholders of the firm

Oman Cables employees become shareholders of the firm

Oman Cables Industry (OCI), the leading manufacturer of energy cables and innovative service provider in Oman, has announced the success of its inclusive share ownership plan.

Unveiled in 2022, this ground-breaking initiative has now become a reality at OCI. The company witnesses its dedicated desk and non-desk workers embrace their new roles as shareholders of Prysmian Group, solidifying their stake in the company's future.

OCI, in partnership with Prysmian Group, its strategic partner, rolled out the share-based variable remuneration and profit-sharing plan. This includes granting employees Prysmian Group shares based on achieving specific local and regional targets, approved by the Board of Directors. This initiative, part of OCI's 'Empowerment, Innovation and Excellence' vision, aims to enhance employee engagement, foster a sense of belonging and encourage exceptional performance, while aligning with Prysmian Group's framework for future success and sustainable developments.

Profit-sharing

Cinzia Farisè, CEO of Oman Cables Industry, said: “We are delighted with the success of our employee-centered profit-sharing plan. This significant achievement highlights our commitment to recognising and rewarding the dedication of our workforce and fostering an inclusive and diverse corporate culture. OCI is dedicated to discovering innovative ways to value and reward its employees, while simultaneously fostering their active participation in the success