shareholders approve omani financier payout
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Shareholders approve Omani financier payout

Arab Today, arab today

Arab Today, arab today Shareholders approve Omani financier payout

Muscat - QNA

Khalid Said Al Wahaibi, chairman of the Al Omaniya Financial Services, at its recent annual general meeting said that the shareholders have approved a dividend of 25 per cent for the financial year 2012 comprising 15 per cent cash, 5 per cent stock dividend and 5 per cent compulsorily convertible unsecured bonus stock bonds.   Presiding over the meeting, he stated that the shareholders have also approved the audited financial statements of the company for the year 2012. The company's loan book stands at OMR205 million at the end of 2012, a record for the non-banking financial services companies (NBFC). The loan book grew by 32 per cent, which is another record in the industry, said Aftab Patel, chief executive of Al Omaniya. The total revenue of the company stood at OMR17.05 million. The pre-tax profit stands at OMR6.4 million and the net profit is OMR5.66 million.   The company has provided OMR2.13 million as provision for doubtful debts. The earnings per share is 32 baisas, the highest in the industry.  For regulatory limits, the net worth of the company stands at OMR58.01 million. The book value of the share is 232 baisas, the highest in the industry. The company has a well diversified portfolio of assets with the lowest non-performing assets ratio of 0.8 per cent in the industry.  The cumulative provisions stand at OMR6.75 million, which covers 395 per cent of the non-performing assets. 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 — number one in asset size, highest net worth, highest market capitalisation, highest profit, highest earnings per share, highest profit per employee and lowest non-performing loans and largest market capitalisation on the MSM in the sector. The company's unique distinction being that not only it is the largest NBFC in Oman with asset size in excess of OMR205 million and leads in all parameters, but it has the lowest non-performing loans among the banking and non-banking sectors, reflecting the highest quality of its portfolio of assets.   Patel further added that the company's performance for the year 2013 till date has been in line with the projections and barring unforeseen circumstances, the company is not only expected to retain its number one position in all parameters but also maintains its track record on profitability and dividend payments. Moody's Investors Service has reaffirmed the global scale Ba3 local and foreign currency corporate family rating (CFR) with stable outlook.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

shareholders approve omani financier payout shareholders approve omani financier payout

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

shareholders approve omani financier payout shareholders approve omani financier payout

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday