كتب : Ahmad Saied
Omar was tipped to take over as the newly promoted club's coach, succeeding Mostafa Younes who was axed after losing the first two games in the Egyptian league.
But after watching Olympic slumping to a 4-2 defeat against Al-Gaish on Sunday, Omar became hesitant over the job.
"I am shocked," the former National Military team manager told FilGoal.com. "Olympic are much weaker than I expected."
Omar has just arrived in Egypt after parting ways with Sudanese giants Merrikh earlier in August.
Olympic are at the basement of the Egyptian league table with no points.