News & Events

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


AL OMANIYA FINANCIAL SERVICES (SAOG) ANNOUNCES A NET PROFIT OF RO 6.657 MILLION & DECLARES 25% DIVIDEND

Oman’s largest NBFC Al Omaniya Financial Services declared its audited results for the year 2015 showing a Net Profit after tax and provision of RO 6.657 million for the year ended 31 December 2015, an increase of  2.73% over the previous year.

The Company has posted total revenue of RO 19.198 Million and has provided RO 2 million as provision for doubtful debts. The cumulative provisions stand at RO 8.658 million.  The Earnings per Share is RO .028, the highest in the industry.  For regulatory limits, the net worth of the company stands at RO 66.831 million.

The company’s loan book stands at Ro 255 million, a record for the Non Banking Financial Services companies.

On the basis of its good performance, the Board has recommended a dividend of 25% comprising 17% cash, 3% stock dividend and 5% compulsorily convertible bonus stock bonds on the paid-up capital for the year 2015.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 378 %.  The dividend is highest amongst all NBFCs in Oman.

The book value of the share is RO 0.241 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 specialized 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.

The company  maintains its pole position on all parameters 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 254 million and leading in all parameters, its lowest non-performing loans are at a meager 0.62% the lowest among the Banking and Non-Banking sectors, reflecting the highest quality of its loan book Mr.Aftab Patel, CEO of the company said in his comments.

The audited results and the proposed dividends are subject to the approval of the CBO and at the AGM

Moody’s Investors Service has reaffirmed the Global scale Ba3 local and foreign currency Corporate family rating (CFR) with stable outlook , Mr. Aftab Patel, CEO  said this affirmation is not only gratifying but also a testimony to the fact of Al Omaniya’s relentless pursuit of quality.

Moody’s notes that AOFs rating reflect
(i)    AOFS’s good profitability, strong asset quality and sound capitalization.
(ii)    Its niche position as the largest company having a market share of 27%.
(iii)     Its sustained and good financial performance.

The company is well aware of the current economic scenario and positioned itself for the situation and has initiated proactive mitigating measures appropriately. The company is resilient and cautiously optimistic of posting satisfactory performance for the year 2016 Mr. Aftab Patel, CEO said in his concluding comments.

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


AOFS Press Release Feb 2012


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


 
Copy Right 2018 Al Omaniya Financial Services