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04/08/2011 00:00 AST
Dhofar International & Investment Holding Company, which has a stake in BankDhofar, said the parent company's profit declined to RO2.32 million for the first half, from RO2.88 million for the same period last year.
However, the group as a whole incurred a loss of RO2.91 million for the first six months of 2011, as against RO4.55 million net profit for the same period last year.
The company said that the reason for the loss was mainly due to booking of RO26.1 million loss of its banking associate on litigation.
The total revenue of the parent company was also down at RO3.58 million from RO4.20 million during the period under review.
Total assets of the parent company stood higher at RO202.91 million, as against RO 194.30 million, the company said in a statement posted on the Muscat Securities Market website.
Net asset per share was marginally lower at RO0.794 by end-June 2011, from RO0.798 for the same period of 2010.
The company said its first half results are subject to approval by audit committee and its board.
Times of Oman
18/02/2013
The Board of Directors of Dhofar International Development &Investment Holding SAOG (DIDIH) in meeting held at 1.00 PM on Sunday 17th February , 2013 , proposed a cash dividend of 30% i.e Thirty Bais
Press Release
23/10/2012
Dhofar International Development & Investment Holding Company (DIDIC) and its subsidiary Dhofar Investment & Real Estate Services have finalised the acquisition process of Garden Hotel that owns the
Times of Oman
17/10/2012
Dhofar International Development & Investment Holding Co SAOG (DIDIHC) and its subsidiary Dhofar Investment & Real Estate Services LLC signed an agreement to acquire 100 per cent stake in Garden Hot
Oman Daily Observer
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10/03/2025
Doha Bank introduced a suite of exclusive offers for NRIs on their Visa Platinum Debit Card, delivering exceptional value across travel, lifestyle, dining, and retail. These carefully curated benefit
The Peninsula
10/03/2025
Saudi Awwal Bank has been awarded the Sustainability Program of the Year 2024 at the Capital Markets Forum (CMF), organized by the Saudi Stock Exchange Group (Tadawul).
This achievement make
Saudi Gazette
10/03/2025
Saudi Aramco has lowered its crude oil prices for Asian buyers in April, marking the first reduction in three months. This price cut aligns with market expectations and follows the decision by OPEC+
Arab News
09/03/2025
United Development Company (UDC), the master developer of The Pearl and Gewan Islands, has continued its global track record of accomplishments by securing three new Guinness World Records. This rema
The Peninsula
07/03/2025
Talabat Kuwait has denied rumors of a security breach, assuring customers and partners that all personal and payment information remains fully secure.
In an official statement, Bader Al-Ghan
Trade Arabia
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