Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- ADX names Mena start-up Thndr as remote retail trading member
- Mered expands UAE operations with new Abu Dhabi office
- Bahrain All Share Index closes lower, Islamic Index closes higher
- Burjeel reports 129% increase in Q2 net profit, revenue grows 18.7%
- Saudi Maaden H1 profit up 73% on higher sales; revenue hits $4.8bn
- IQ reports QR2bn net profit in H1, approves 26% interim dividend
- 65% Omanis in private sector earn less than RO600
- Local banks record higher credit issuance in June; reflects positive outlook on Qatar economy
- S&P Affirms China's Sovereign Credit Rating at A+ with Stable Outlook
- Saudi stock market may open to global investors, regulator says
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.
<
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
| Ticker | Price | Volume |
|---|
08/08/2025
Burjeel Holdings, a leading super-specialty healthcare services provider in MENA, has delivered a strong top-line growth of 18.7% to AED1,403 million ($381.98 million) in Q2 2025, driven by a 12.1% i
Trade Arabia
08/08/2025
Saudi Arabian Mining Company (Maaden) has reported a 73% jump in its net profit for the first half, which soared to SAR3.47billion ($924 million) from SAR2.01 billion ($535 million) last year, mainly
Trade Arabia
08/08/2025
Market heavyweight Industries Qatar (IQ) - the holding entity of Qatar Petrochemicals, Qatar Fertiliser and Qatar Steel - has reported net profit of QR2bn in the first half (H1) of 2025.
The
Gulf Times
08/08/2025
Aramex reported group revenues of Dh3.06 billion for the first half of 2025, marking a 1% year-on-year increase, as growth in domestic and regional logistics offset weakness in international express
Gulfnews
08/08/2025
Parkin Company PJSC, the city's largest paid public parking provider, reported a record 56% year-on-year rise in Q2 2025 revenue to Dh320 million, driven by higher public parking tariffs, strong enfo
Gulfnews
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia