Al Omaniya Financial 2011 net jumps 16.94pc


13/02/2012 11:01 AST  Oman Daily Observer

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.

Al Omaniya Financial Services Co. - AOFS
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP
Most Viewed Companies
Ticker Price Volume
EMAAR 11.65 111,917,890
RIBL 23 787,827
SPIMACO 52 1,725,287
ALKHODARI 65.75 1,338,293
SECO 17.75 3,133,714
SAGRINSURANCE 46 1,358,341
MESC 17.65 493,856
Recent News

Emirates NBD Egypt economic update
“The Central Bank of Egypt (CBE) voted in favour of keeping interest rates on hold at its latest meeting on September 1, with the overnight deposit and lending rates remaining at 9.25 per cent and 10

IdealRatings releases Sukuk screening solution and Sukuk indicies
IdealRatings, Inc. has announced the launch of the first Sukuk Shari’ah Screening Solution. The research-based online screening service is designed to serve Islamic investors and treasuries aiming to

SR1.5 trillion: KSA bank deposits hit all-time high
Total bank deposits in the Kingdom hit a new all-time high above SR1.5 trillion for the first time in July, says a report.

Bank deposits climbed by 1.7 percent in July to cross the SR1.5 tr

SEC awards Siemens largest SVC contract
Siemens, the global powerhouse which innovates the electrical world and operates in the fields of energy, infrastructure, industry and healthcare, signed two contracts with Saudi Electricity Company

Economic guides point to Kingdom’s sustained growth
Saudi Arabia’s economic indicators last July point toward a sustained developmental growth in the Kingdom, Jadwa Investment said in its Saudi Chartbook for this month.

It said the economic

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

Poll

Which of the following do you think is the best long-term investment?