United Finance invites M&A bids from 3 lenders

14/05/2015 02:14 AST

United Finance Co (UFC) has invited National Bank of Oman, Bank Nizwa and Al Omaniya Financial Services to participate in a merger and acquisition bidding process, Reuters said yesterday, citing a filing by UFC to the Capital Market Authority.

United Finance, which offers loans and leasing services as well as corporate deposits, did not give details of the process or provide a timeline.

The company said last month that it had received an offer from National Bank of Oman to buy the company. The offer appeared to challenge a proposed merger between United Finance and Bank Nizwa which was already under discussion.


Oman Daily Observer

News

United Finance plans to reduce paid-up capital

31/01/2018

The board of United Finance Company has proposed to reduce the company’s paid up capital from OMR34.91 million to OMR25 million. This will be done by returning the par value of the shares (100 baisa

Times of Oman

Takeover talks for United Finance break down

25/08/2015

Talks for a possible takeover of Oman's United Finance by Al Omaniya Financial Services have broken down and will not progress any further, the two sides said on Monday.

The board of Unite

Trade Arabia

Oman’s United Finance weighs takeover offer from Al Omaniya

01/07/2015

Al Omaniya said separately that it had submitted an indicative bid to buy 100 per cent of the shares in United Finance.

Oman’s United Finance said on Tuesday its board was considering a no

Gulf News

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941

Valuation

UFCI Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
BKMB 0.38 0.00 (0.52%)
BKDB 0.20 0.00 (0.00%)
NBOB 0.19 0.00 (0.00%)
OMVS 0.36 0.00 (0.00%)
BKSB 0.14 0.00 (1.41%)

Recent News

SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap