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- Oil Updates - prices nudge higher amid economic uncertainty, OPEC+ supply fears
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14/01/2018 07:39 AST
Bank Nizwa has reported a phenomenal growth in net profit for 2017. The bank's net profit for 2017 surged ahead to OMR3.79 million, a growth of 3,343 per cent over the previous year's profit of OMR110,000.
The bank's finance to customers grew by 41 per cent to OMR567.83 million in 2017, up from OMR403.16 million, Bank Nizwa said in a disclosure statement posted on MSM website. Similarly, customer deposits shot up by 50 per cent to OMR525.85 million from OMR351.28 million.
Bank Nizwa said that its total assets showed a 35 per cent growth from OMR515.99 million in December 2016 to OMR696.63 million for the same period of 2017.
The un-audited results are subject to approval from the board and the Central Bank of Oman.
Times of Oman
15/03/2018
As lead partner, Bank Nizwa concluded an unprecedentedly robust level of participation in the third 'Islamic Finance News Forum', organised in partnership with the Islamic Finance News Magazine. Attr
Oman Daily Observer
08/02/2018
In collaboration with the Ministry of Manpower, Bank Nizwa hosted 70 Omani graduates at their headquarters to present them with career opportunities within the bank. Welcomed by Khalid bin Abdul Rahm
Oman Daily Observer
31/01/2018
Bank Nizwa signed a financing agreement with Duqm Development Company (DDC), a member of the Asyad Group (Asyad), to finance Phase 1 of the Duqm Frontier Town project. The project covers 23 hectares
Times of Oman
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28/04/2025
Lubna S. Olayan, Chair of the Board of Directors of Saudi Awwal Bank (SAB), announced on Sunday the bank's financial results for the period ending 31 March, 2025.
For the first three months
Saudi Gazette
28/04/2025
stc announced its preliminary financial results for the period ending March 31, 2025, highlighting strong performance across key metrics.
Revenues for the first quarter reached SR19,210 mill
Saudi Gazette
28/04/2025
Arab Bank Group has reported solid results for the first quarter of 2025, with 7 % increase in net income after tax reaching $ 271 million, compared to $252.8 million for the same period last year.
Trade Arabia
28/04/2025
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has cemented its position as a regional leader in industrial innovation by becoming the first aluminium smelter in the Mid
Trade Arabia
26/04/2025
Adnoc Distribution, a leading fuel distributor and convenience store operator, has unveiled plans for a major expansion of its electric vehicle (EV) charging infrastructure, increasing its charging p
Trade Arabia
Financial Information Co.
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