Omeir Travel Agency Wins Prestigious Cash Management and Working Capital Solutions Award at ACT Middle East Treasury Awards

Abu Dhabi, UAE – September 25th, 2024: Omeir Travel Agency, a leading travel management company in the UAE, is proud to announce its recognition at the ACT Middle East Treasury Awards, where the company received the Cash Management and Working Capital Solutions Award for its innovative financial processes.

The award ceremony took place on Tuesday, 24th September 2024, at the Grand Hyatt Dubai, organized by the Association of Corporate Treasurers (ACT). Omeir Travel Agency was recognized for its outstanding achievement in optimizing payments and enhancing operational efficiency through the adoption of a holistic virtual card solution. This solution has enabled the company to gain full control and visibility over its bookings and payments, streamlining the cash conversion cycle and significantly improving its working capital.

“We are honored to be recognized by the ACT for this transformation, which reflects our commitment to innovation and excellence,” said Mr. Mustafa Divasali, Finance Director of Omeir Bin Youssef Group, who received the award on behalf of the company along with Mr. Sameer Gunaseelan, IT Director of Omeir Bin Youssef Group.

This transformation has also brought direct benefits to Omeir Travel Agency’s customers by enhancing transparency in reporting, providing them with clearer and more accurate financial insights for better decision-making.

Notably, Omeir Travel Agency was the only travel agency to receive such a prestigious award, further highlighting its leadership and excellence in the industry.

A special acknowledgment goes to HSBC, Omeir Travel Agency’s banking partner, for nominating the company and supporting its journey toward this recognition, and to the Association of Corporate Treasurers for acknowledging our efforts.