Feb 13 2012 |
more articles from
|
Al Omaniya profit up 17%, declares 25% dividend Al Omaniya profit up 17%, declares 25% dividend
Al Omaniya Financial Services , Oman's largest non-banking financial company (NBFC), has posted a 16.94 per cent year-on-year rise in profit for 2011 to RO4.83mn. Earnings per share stood at 31bz.On the basis of its performance, the board of directors of the company has recommended a dividend of 25 per cent - comprising 20 per cent cash and five per cent stock dividend on the paid-up capital for 2011.
The results and dividend, according to a press release, are subject to the approval of the Central Bank of Oman and the company's annual general meeting (AGM).
According to Aftab Patel, chief executive officer, "The company has maintained its track record of paying uninterrupted dividend since inception and the cumulative percentage of dividend paid so far is 278 per cent. The cash dividend is the highest amongst NBFCs in Oman."
The company will launch its rights issue of unsecured compulsorily convertible bonds worth RO10mn in the first quarter of this year with a tenor of five years.
© Muscat Daily 2012
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment