News & Events

AOFS Press Release Feb 2012


AL OMANIYA FINANCIAL SERVICES(SAOG) ANNOUNCES 16.94% GROWTH IN NET PROFIT AND STANDS AT RO 4.831 MILLION – DECLARES 25% DIVIDEND

Oman largest NBFC Al Omaniya Financial Services declared its audited results for the year 2011 showing a Net Profit of RO 4.831 million for the year ended 31December 2011, an increase of 16.94% over the previous year. This is subject to the approval of the CBO and the AGM

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 6023 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% comprising 20% cash and 5% stock dividend on the paid-up capital for the year 2011.  This is subject to the approval of the CBO and the AGM.  Mr. Aftab Patel, 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%.  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 capitalization, highest profit, highest EPS, highest profit per employee and lowest non-performing loans and largest market capitalization 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 RO 159 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.  Mr.Aftab Patel, CEO of the company said in his comments.

The company is expected to improve its performance and profitability for the year 2012 and maintains its number One position.  Moody's has reaffirmed the global scale long term issuer rating of 'Ba3' to AOFS for the year 2011-2012.

Further the company is launching its Rights Issue of un-secured compulsorily convertible bonds worth RO 10 million by the first quarter 2012 with a tenor of 5 years and 20% of the Bonds will be converted into equity shares of the company at the end of every year, i.e. 12, 24, 36, 48 and 60 months from allotment over the tenor of 5 years.

PRESS RELEASE BY MR. AFTAB PATEL, CHIEF EXECUTIVE OFFICER:
 

  

 

Other News


BEST LEASING COMPANY IN ASSET QUALITY


OUR CEO CHIEF GUEST AT ISM ANNUAL DAY


AL OMANIYA FINANCIAL SERVICES ANNOUNCES RO 5.311 MILLION NET PROFIT, DECLARES 25% DIVIDEND


AL OMANIYA FINANCIAL SERVICES is rated No.1 finance co.in Sultanate Of Oman By Business Today


AL OMANIYA DECLARES A PROFIT OF 1706K FOR THE FIRST HALF YEAR 2009 - NET PROFIT UP BY 6.5%


AL OMANIYA ANNOUNCES THE CONVERSION OF ITS BONDS INTO SHARES AND ITS LISTING ON MSM.


Al Omaniya Financial Services SAOG emerges as the No.1 Non-Banking Finance Company in Oman


Annual General Meetings of Al Omaniya Financial Services SAOG was held on 27th March 2010


AL OMANIYA DECLARES A PROFIT OF RO 882K FOR THE FIRST QUARTER 2010 – A GROWTH OF 11.8%


AL OMANIYA DECLARES A PROFIT OF Ro 1877K FOR THE FIRST HALF YEAR 2010 - NET PROFIT UP BY 10.02%


Al Omaniya Financial Services is pleased to announce...


AL OMANIYA DECLARES A PROFIT OF RO 2903K FOR THE THIRD QUARTER 2010 – A GROWTH OF 10%


MOODY’S reaffirm Global Scale Ba3 rating for Al Omaniya Financial Services for the year 2011


The Extra-ordinary and Annual General Meetings of Al Omaniya Financial Services SAOG


Moody’s assigns Ba3 (Global Scale) ratings to Al Omaniya Financial Services (SAOG)


AL OMANIYA FINANCIAL SERVICES(SAOG) ANNOUNCES 10.1% GROWTH IN NET PROFIT TO RO 4.131 MILLION – DECLA


AL OMANIYA DECLARES A PROFIT OF RO 973K FOR THE FIRST QUARTER 2011 – A GROWTH OF 10.32%


AL OMANIYA DECLARES A PROFIT OF Ro 2.068 MILLION FOR THE FIRST HALF OF YEAR 2011.


Al Omaniya approves RO 10 Million Bond Issue


MOODY’S REAFFIRM GLOBAL SCALE Ba3 RATING FOR AL OMANIYA FINANCIAL SERVICES FOR THE YEAR 2012


AL OMANIYA DECLARES A PROFIT OF RO 3209K FOR THE PERIOD ENDING 30 SEPTEMBER 2011


OUR CEO CHIEF GUEST AT REPUBLIC DAY CRICKET TOURNAMENT


AOFS PRESS RELEASE APRIL' 2012


AL OMANIYA DECLARES A PROFIT OF RO 1072K FOR THE FIRST QUARTER 2012.


RO 10 MILLION BOND ISSUE OVERSUBSCRIBED


RO 10 MILLION BOND ISSUE LISTED ON MSM


AL OMANIYA NET ASSETS CROSSES OVER USD HALF BILLION , A BENCHMARK FOR THE NBFCs IN OMAN


AL OMANIYA DECLARES A PROFIT OF Ro 2.378 MILLION FOR THE FIRST HALF OF YEAR 2012


AL OMANIYA DECLARES A PROFIT OF RO 1226K FOR THE FIRST QUARTER 2013 – A GROWTH OF 14.37%


AL OMANIYA FIN SERVICES (SAOG) ANNOUNCES NET PROFIT OF RO 5.656 MILLION & DECLARES 25% DIVIDEND


WINNER OF IPHONE RAFFLE


AL OMANIYA ANNOUNCES LISTING OF STOCK DIVIDEND AND COMPULSORILY CONVERTIBLE BONUS STOCK BONDS


AL OMANIYA DECLARES A PROFIT OF RO 2.733 MILLION FOR THE FIRST HALF OF YEAR 2013


AL OMANIYA DECLARES A PROFIT OF Ro 4.063 MILLION FOR THE THIRD QUARTER 2013


OMAN'S LARGEST NBFC ANNOUNCES RO 6.48 MILLION NET PROFIT, DECLARES 25% DIVIDEND


DIL SE DIL TAK" AT THE INDIAN EMBASSY UNDER THE AUSPICES OF H. E THE INDIAN AMBASSADOR J. S MUKUL


AOFS CONFERRED "BEST ENTERPRISE" AWARD BY THE OXFORD (UK) BASED EUROPE BUSINESS ASSEMBLY


MOODY’S REAFFIRM GLOBAL SCALE Ba3 RATING FOR AL OMANIYA FINANCIAL SERVICES AS OF 4 NOV 2015


ACCOLADES TO OUR LONG SERVING STAFF


AOFS PARTICIPATES IN SME FUND EVENT


AL OMANIYA FINANCIAL SERVICES (SAOG) ANNOUNCES NET PROFIT , DECLARES DIVIDEND


 
Copy Right 2018 Al Omaniya Financial Services