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AL OMANIYA ANNOUNCES LISTING OF STOCK DIVIDEND AND COMPULSORILY CONVERTIBLE BONUS STOCK BONDS
Al Omaniya Financial Services SAOG, Oman’s largest non-banking financial institution is pleased to announce as per the Administrative Decisions issued by Muscat Securities Market bonus shares of 10,104,389 being stock dividend for the year 2012 has been listed on 26th March 2013 and 10,104,389 bonds being unsecured compulsorily convertible stock dividend bonds with annual coupon rate of 5% have been listed as of 9 April 2013.
Mr. Aftab Patel, Chief Executive Officer stated that the company has been rated No 1 finance company for the year 2012 by OER-GBCM survey released this month. He further stated that AOFS is the largest company in terms of asset which is in excess of USD 550 Million and also highest in terms of networth, profitability, efficiency and asset quality amongst all the NBFC’s in the country with a market share in excess of 30%.
Mr. Patel was pleased to mention that the market cap of AOFS has exceeded RO 75 Million and is the first and only NBFC in large Market Cap Segment.
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 303%. The dividend is highest amongst all NBFCs in Oman.
The company performed well for the first quarter and is optimistic about the coming quarters of 2013. Barring unforeseen circumstances, the company is expected to perform very well and maintain its track record of increased earnings and dividends and maintains its number One position Mr. Aftab Patel, CEO said in his concluding comments.
Press release issued by Mr. Aftab Patel, Chief Executive Officer of AOFS
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