Al Omaniya financial services announces RO3.201mn net profit, declares 13.25% dividend

Al Omaniya financial services announces RO3.201mn net profit, declares 13.25% dividend

Muscat – The Annual General Meeting of Al Omaniya Financial Services SAOG    was held on 27th March 2024 and the meeting was presided by the Chairman  Mr. Khalid Said Al Wahaibi. Mr. Khalid Said Al Wahaibi, Chairman of the board of directors stated that the shareholders have given their approval for the audited financial statements […]Muscat – The Annual General Meeting of Al Omaniya Financial Services SAOG    was held on 27th March 2024 and the meeting was presided by the Chairman  Mr. Khalid Said Al Wahaibi.

Mr. Khalid Said Al Wahaibi, Chairman of the board of directors stated that the shareholders have given their approval for the audited financial statements of the company as well as for the 13.25% dividend comprising of 8.25% cash dividend and 5% Unsecured Non- Convertible redeemable bonus stock bonds

The board of directors appreciated the measures taken by the Central Bank of Oman and the Capital Market Authority with a view to strengthening the financial sector in the Sultanate.  

Mr. Aftab Patel, Chief Executive Officer added that the company’s loan book stands at RO 140 million at the year end of 2023. The total revenues of the company stood at RO 17.327 Million. The pre-tax profit stands