Please wait...
GulfBase Live Support
- AlRayan Bank bags NIA certification by Qatar's National Cyber Security Agency
- QIB enhances Flexi Certificate of Deposits with sustainable returns
- US crude oil, gasoline, distillate inventories rise
- US govt shutdown begins as Congress fails to reach deal
- Zain Group's MSCI rating for ESG upgraded to 'A'
- Kuwait returns to global debt markets with $11.25 billion sovereign bond issuance
- QNB Group receives Saudi Central Bank licence approval for new digital bank - ezbank
- Boursa Kuwait launches second edition of 'The Bell' initiative for financial literacy
- Ooredoo Fintech to join PayPal World, unlocking seamless global commerce for its consumers, merchants
- FSA directs Omantel to revise audited financial reports for 2024
26/03/2018 07:51 AST
Muscat Finance, the pioneer in auto finance, consumer durable finance, equipment leasing, working capital finance and debt factoring services, reported yet another year of strong profits and uninterrupted dividends since inception.
At the annual general meeting (AGM) held on March 22, 2018, the shareholders approved the accounts for the year 2017 and approved a cash dividend of 8 per cent and a stock dividend of 5 per cent, on the capital of OMR28.54 million.
This will increase the capital to OMR29.97million. In 2017, the company had registered net assets of OMR158 million and maintained an enviable track record of successful operations over the last 30 years.
The company offers a wide range of products like financing for cars, heavy equipment, financing of receivables, consumer durable and working capital requirements.
With the government's priorities in mind, the company has been focusing on developing its business with the small and medium enterprises (SMEs).
The company has an extensive network of branches, apart from the head office in Muscat (Al Khuwair), and serves its clientele through its full-fledged branch offices in Barka, Sohar, Sur, Salalah, Ibri and Nizwa.
Times of Oman
05/01/2017
The first finance company in Oman, Muscat Finance SAOG has always been dedicated to providing new solutions for the ease of their customers.
Keeping abreast with the international trends an
Oman Daily Observer
18/08/2015
Muscat Finance SAOG - the Sultanate's leading non-banking finance company (NBFC) - has set up an information and customer service unit at Muscat Grand Mall (MGM) as part of its strategy to strengthen
Oman Daily Observer
06/06/2013
The board of directors of Muscat Finance has announced the appointment of Bikram Singh Rishi as the new chief executive officer (CEO) of the company in place of Ajit Engineer with immediate effect.
Times of Oman
| Ticker | Price | Volume |
|---|
02/10/2025
AlRayan Bank announced that it has been awarded the National Information Assurance (NIA) Certification by the State of Qatar's National Cyber Security Agency (NCSA).
Achieved to a high stand
Gulf Times
02/10/2025
Qatar Islamic Bank (QIB), Qatar's leading digital bank, has announced an enhancement to its Flexible Certificate of Deposits (Flexi CD), aligning the offering with sustainable finance principles to s
The Peninsula
02/10/2025
Zain Group, a leading provider of innovative ICT and digital lifestyle communications operating in eight markets across the Middle East and Africa, has attained a significant improvement in its Morga
Kuwait Times
02/10/2025
QNB Group, the largest financial institution in the Middle East and Africa, has announced licence approval has been received for a digital-first banking entity - ezbank, from the Saudi Central Bank (
Gulf Times
02/10/2025
Ooredoo Fintech announced yesterday its intention to form a strategic collaboration with PayPal.
Ooredoo Fintech will join leading global payments systems and digital wallets in enabling nea
Gulf Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia