Al Omaniya Financial 2011 net jumps 16.94pc


13/02/2012 11:01 AST

Al Omaniya Financial Services, the Sultanate’s largest non-banking financial company (NBFC), declared its audited results for the year 2011 showing a Net Profit of RO 4.831 million for the year ended December 31, 2011, an increase of 16.94 per cent over the previous year.

The total revenues of the company stood at RO 14.436 million. The company has provided RO 1970K as provision for doubtful debts. The cumulative provisions stand at RO 6.023 million. The Earnings per Share is RO 0.031, the highest in the industry. For regulatory limits, the net worth of the company stands at RO 45.465 million.

On the basis of its good performance, the Board has recommended a dividend of 25 per cent comprising 20 per cent cash and 5 per cent stock dividend on the paid-up capital for the year 2011. This is subject to the approval of the CBO and the AGM.

Aftab Patel (pictured), CEO, in his comments stated that the company has maintained its track record of paying uninterrupted dividend since its inception and the cumulative percentage of dividend paid so far is 278 per cent. The cash dividend is highest amongst all NBFCs in Oman.

The book value of the share is RO 0.226 the highest in the industry. The company has a well diversified portfolio of assets with the lowest NPA ratio in the industry. The company focuses to strengthen its position as a specialised financial institution to meet the corporate needs besides continuing the retail and micro finance business. The company has been posting higher earnings and profitability over the years and has been a consistent dividend payer since inception.

On most of the parameters, the company stands at pole position viz. number one in Asset size, highest net worth, highest market capitalisation, highest profit, highest EPS, highest profit per employee and lowest non-performing loans and largest market capitalisation on the MSM in the sector.

Oman Daily Observer
Al Omaniya Financial Services Co. - AOFS
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
SAGRINSURANCE 29.44 2,820,651
TAWUNIYA 76.22 135,406
SABIC 66.49 9,104,932
RIBL 11.14 409,485
GISS 33 1,594,014
JARIR 128.96 76,437
SPIMACO 27.2 133,134
Recent News

Alba appoints four Bahrainis as managers
Four Bahrainis have taken up managerial positions in key departments at the aluminium smelter, Alba announced yesterday.

The new appointees are: Nezar Hameed Ali as manager of operation su

Top industry fair to focus on career opportunities
Insights into careers in the industrial sector will be made available to Bahrain’s future working population at the Northern Gulf region’s biggest industrial showcase hosted by Bahrain.

O

Oman LNG supports social welfare initiatives
Characteristic of its many initiatives to promote social development in the country, Oman LNG inked a total of seven agreements to upgrade services and facilities at seven recognised care providers.

Oman's SME sector can help a nation weather crisis: Entrepreneur
A strong small and medium enterprise (SME) sector can help a country in times of financial crisis and plays a key role in economic diversification, says Zièd Bahrouni, an Oman-born entrepreneur.
<

Oman’s natural gas production and imports grow by 5.6% in 2015
Oman’s natural gas production and imports rose 5.6 per cent to 39,806 million cubic metres (MNCM) in 2015, up from 37,687 MNCM in 2014.

Of this, while non-associated gas and imports showe

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?