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- Saudi bank lending hits record $788bn as corporate loans surge
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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
06/02/2025
Saudi utility giant ACWA Power has signed two agreements with Aramco to accelerate the deployment of renewable energy projects and evaluate the performance of vanadium flow batteries in the Kingdom's
Arab News
05/02/2025
Al Rajhi Bank, a pioneer in innovative banking solutions in Saudi Arabia, has announced a strategic partnership with RATL Technology, the owner of Muhide fintech platform, to digitally empower and fi
Saudi Gazette
14/09/2024
RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <
Saudi Gazette
12/09/2024
Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces
Arab News
04/05/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
Financial Information Co.
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