Direct Purchase Procedure - Approved July 2024

1. Definitions and Interpretation In the context of construing and implementation of this Procedure, the following definitions and abbreviations shall apply:

1.1 Abbreviations Term

Abbreviation

AD

Administration Director

ADPO – F&A ADPO – P&C

Assistant Deputy President - Finance & Assurance Assistant Deputy President - People & Change

C&P

Contracts & Procurement Deputy President Investments Deputy President Operations

DPI

DPO DoA GRC

Delegation of Authority

Governance, Risk and Compliance

M

Manager

OMR

Omani Riyal

OIA SM

Oman Investment Authority

Senior Manager

1.2 Definitions Term

Definition

Financial transactions for items or services not on the approved Whitelist, intended for urgent and emergency needs that could impact business continuity, reputation or safety. Also referred to as the Budget Holder, assumes leadership for a specific department within OIA, overseeing both its operations and financial management. They are responsible for planning, allocating, monitoring and making decisions regarding the department's financial resources to ensure alignment with Organizational goals and optimize resource utilization. A classification or grouping of expenses that share common characteristics or purposes. This approach is used to organize financial transactions and facilitate the tracking, managing and analysis of spending behavior. Maintaining authorized restrictions on information access and disclosure, safeguarding personal and private data. A situation arising when an employee's interest conflicts with his/her fiduciary duties or responsibilities due to a direct or indirect involvement in the Direct Purchase.

Ad-hoc Purchase

Department Head

Category

Confidentiality

Conflict of Interest

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