Please wait...
GulfBase Live Support
- Energy is at the heart of AI revolution, says Aramco executive
- Over 60% of Saudi firms highly aware of AI-driven cyber threats: Cisco Index
- Bahrain's non-oil exports of national origin rise 12% to $2.8bn in Q3
- GCC banks seen holding stable credit strength in 2026 despite event risks, says S&P
- Closing Bell: Saudi main index closes in red at 10,687
- Saudi FM company Efsim plans IPO, to list 30pc shares
- GFH Partners acquires majority stake in Devmark
- US retail sales miss expectations as consumers battle higher prices
- Qatar keen to diversify investment ventures with Azerbaijan
- QSE index closes lower
13/06/2025 03:56 AST
United Finance Company on Wednesday announced the successful completion of its privately placed, senior unsecured bond issuance, which was oversubscribed by 71%. Strong investor demand enabled the company to increase the offer from the originally targeted RO10mn to a final issue size of RO15mn.
The bonds carry a fixed coupon of 7% per annum, payable semi-annually, and will be listed on the Muscat Stock Exchange (MSX). Ahlibank acted as issue manager and collection bank, while Al Busaidy, Mansoor Jamal & Co served as legal adviser.
Nasser al Rashdi, Chief Executive Officer of United Finance, said, "The overwhelming response to this offering reflects investors' confidence in United Finance's financial strength and strategic direction. The additional capital enhances our balance sheet flexibility as we execute our growth roadmap and continue to deliver innovative, customer-centric financing solutions."
The proceeds will support United Finance's ongoing transformation initiatives, digital expansion, and selective portfolio growth - all aligned with prudent risk management and long-term shareholder value creation. With a strengthened capital base, the company is poised to capture emerging opportunities across its target segments while maintaining robust liquidity and capital adequacy ratios.
Muscat Daily
31/01/2018
The board of United Finance Company has proposed to reduce the company's paid up capital from OMR34.91 million to OMR25 million. This will be done by returning the par value of the shares (100 baisa
Times of Oman
25/08/2015
Talks for a possible takeover of Oman's United Finance by Al Omaniya Financial Services have broken down and will not progress any further, the two sides said on Monday.
The board of Unite
Trade Arabia
01/07/2015
Al Omaniya said separately that it had submitted an indicative bid to buy 100 per cent of the shares in United Finance.
Oman's United Finance said on Tuesday its board was considering a no
Gulf News
| Ticker | Price | Volume |
|---|
26/11/2025
AI is driving generational opportunity across every industry, society, and economy - but at the crux of this global transformation is the crucial relationship between AI and energy, Aramco's Executiv
Arab News
26/11/2025
Efsim Facilities Management Company, a leading provider of integrated facilities management (IFM) services across the Kingdom of Saudi Arabia, today (November 25) announced its intention to proceed w
Trade Arabia
26/11/2025
GFH Partners, a Dubai International Financial Center (DIFC) headquartered investment manager and the global real estate investment arm of GFH Financial Group, has acquired a majority stake in Devmark
Trade Arabia
25/11/2025
Taqa Energy Services, a subsidiary of Abu Dhabi National Energy Company (Taqa), has signed an agreement with Sdeira Group, a subsidiary of AD Ports Group, to implement one of the emirate's largest bu
Trade Arabia
25/11/2025
Saudi Real Estate Company (Al Akaria) has announced the signing of a framework agreement with Expo 2030 Riyadh Company to execute the early works for the Expo 2030 Riyadh project.
The contra
Trade Arabia
Financial Information Co.
Saudi Arabia