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Al Omaniya lists bonus shares.

Summary: Muscat: Al Omaniya Financial Services (AOFS), Oman's largest non-banking financial institution, said that the ...

Muscat: Al Omaniya Financial Services (AOFS), Oman's largest non-banking financial institution, said that the bonus shares of 10,104,389 (being stock dividend for the year 2012) have been listed on March 26, 2013 and 10,104,389 bonds being unsecured compulsorily convertible stock dividend bonds with annual coupon rate of five per cent have been listed as of April 9, 2013. Aftab Patel, Chief Executive Officer, said that the company has been rated number one finance company for the year 2012 by OER-GBCM survey released this month. He added that AOFS is the largest company in terms of asset which is in excess of $550 million and also highest in terms of net worth, profitability, efficiency and asset quality amongst all the non-banking financial institutions in the country with a market share in excess of 30 per cent. The market capitalisation of AOFS has exceeded OMR75 million and is the first and only NBFC in large market cap segment. He also said that the company has maintained its track record of paying uninterrupted dividend since its inception and the cumulative percentage of dividend paid so far is 303 per cent. The dividend is highest amongst all non-banking finance companies (NBFCs) in Oman. The company performed well for the first quarter and is optimistic about the coming quarters of 2013. Barring unforeseen circumstances, the company is expected to perform very well and maintain its track record of increased earnings and dividends and maintains its number one position, noted Patel.

Muscat Press and Publishing House SAOC 2013

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Publication:Times of Oman (Muscat, Oman)
Geographic Code:7OMAN
Date:Apr 14, 2013
Words:279
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