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- Presight Q3 revenue up 15.3%; firm accelerates global expansion
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10/11/2015 08:52 AST
Moody's Investors Service has reaffirmed the Global Scale Rating of Al Omaniya Financial Services (AOFS), the Omani non-banking financial services company said in a statement. The company has been assigned a Ba3 corporate family rating. The rating carries a stable outlook. AOFS' Ba3 CFR incorporates a one-notch uplift from the Company's B1 issuer rating.
Moody's notes that AOFS ratings reflect Oman's softening operating environment, AOFS' strong asset quality, moderated by high borrower concentrations, AOFS' high capitalization levels and solid profitability metrics reflecting a growing franchise. These strengths were moderated by weakened though improving liquidity buffers combined with high asset encumbrance.
AOFS established in 1997 in Oman, is a boutique finance house providing conventional financing products. AOFS exhibits high capitalisation metrics, with tangible common equity standing at 22.9 per cent of tangible managed assets as of September 2015. Such metrics are higher that the global median for finance companies at around 16 per cent.
AOFS has issued 'unsecured compulsorily convertible bonds' that increase its capital adequacy ratio to 26 per cent as of September 2015, the company said.
Oman Daily Observer
27/03/2025
Al Omaniya Financial Services announced that its net profit grew by 11.5% year-on-year to RO3.569mn for the year ended December 31, 2024, compared to the RO3.201mn net profit reported for 2023.
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Muscat Daily
20/05/2015
Al Omaniya Financial Services has expressed its interest in participating in the bidding process for a possible merger with or acquisition of United Finance Company.
In a disclosure filed
Times of Oman
25/03/2015
The shareholders of Al Omaniya Financial Services SAOG, Oman's largest non-banking financial institution, have approved the audited financial statements of the company, as well as a dividend of 25 pe
Oman Daily Observer
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14/11/2025
Presight AI Holding, a leading Abu Dhabi-based global big data analytics company powered by AI, has reported another period of strong performance for the third quarter driven by robust international
Trade Arabia
14/11/2025
Abu Dhabi Islamic Bank (ADIB), in collaboration with the Ministry of Finance, has launched the first UAE Dirham-denominated sovereign sukuk for individual investors via the ADIB Smart Sukuk Platform.
Trade Arabia
14/11/2025
Al Salam Bank has announced record profitability for the nine months ended September 30, marking another milestone in its transformation into one of the region's leading and fast-growing financial gr
Trade Arabia
14/11/2025
flynas, a low-cost airline in the Middle East, announced the launch of the "Saudi Experiences" initiative. This is in collaboration with the Saudi Tourism Authority.
The announcement was mad
Trade Arabia
14/11/2025
Adnoc Gas has announced its Q3 2025 results, achieving the highest third quarter net income in its history at $1.34 billion, an 8 per cent increase year-on-year.
Year-to-date net income reac
Trade Arabia
Financial Information Co.
Saudi Arabia