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
YAMAMAHSTEEL 41.21 25,900,087
RIBL 11.05 981,112
SABIC 79.96 8,003,862
QNBK 134.9 90,368
JULPHAR 2.35
HOKAIR 45.23 3,561,056
ALINMA 12.96 64,779,129
Recent News

Forum set to probe growth of asset management industry
A key forum that seeks to assess the significant changes that are set to reshape the asset management industry will be held in Bahrain next week.

The Middle East Asset Management Forum (ME

Forum facilitates investment in Oman
The businessmen from Oman and Yemen discussed exchange of trade between two neighbouring countries and sought to remove the roadblocks in trade and commerce to reap maximum benefits of the available

Abu Dhabi stocks in worst run since October as Gulf markets drop
Abu Dhabi stocks posted their longest losing streak since October amid a slump in trading across Gulf Arab equity markets as investors held out for more than a $1 billion worth of rights issues. The

Oman firm launches first online platform for vocational training
A fully integrated e-platform for vocational and professional training and internationally approved specialised vocational certifications provided by Cloud Smart Learning (CSL) was launched here on S

Major steel plant proposal in Oman put on hold
A plan to build a 2.5 million-tonne per annum steel plant in Sur has been put on hold, in view of sluggish steel prices in global markets and the economic slowdown caused by the slackness in oil pric

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?