Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- KFH continues pioneering efforts to promote financial literacy in Kuwait
- US Fed holds interest rates steady
- Asian stocks hit by fresh tech fears as gold retreats from peak
- CBO releases its Macroeconomic Stability Report 2025
- Vodafone Qatar to showcase next-generation digital solutions enabling business growth at Web Summit
- Al Rayan Bank holds Executive Fraud Risk Management Briefing
- Saudi-built AI takes on financial crime
- Closing Bell: Saudi main market closes the week in red at 11,382
- Bahrain, UAE central banks keep interest rates unchanged
- Saudi Steel Pipe unit inks supply contract with Subsea Seven
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 |
|---|
30/01/2026
Reinforcing its leadership in financial literacy and social responsibility, Kuwait Finance House (KFH) continues to spearhead the national "Diraya" awareness campaign. Launched by the Central Bank of
Kuwait Times
30/01/2026
Vodafone Qatar has announced its participation in Web Summit Qatar 2026, one of the world's leading technology conferences, taking place from 1-4 February 2026 at the Doha Exhibition and Convention C
The Peninsula
30/01/2026
As part of its annual Executive Fraud Risk Management Briefing, Al Rayan Bank brought together senior management to review evolving fraud risks and industry trends.
This briefing forms a key
The Peninsula
30/01/2026
Saudi Steel Pipe Company has announced that one of its consolidated subsidiaries, Global Pipe Company, has signed a significant supply contract with Subsea Seven (SS7), a global leader in offshore en
Trade Arabia
30/01/2026
Ghitha Holding delivered double-digit revenue growth and a sharp rise in profitability in 2025, supported by tighter execution across its food and agriculture businesses and a year marked by consolid
Gulfnews
Financial Information Co.
Saudi Arabia